Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Lion One Metals Ltd V.LIO

Alternate Symbol(s):  V.LIO.WT | LOMLF

Lion One Metals Limited is a Canada-based exploration company. The Company is engaged in the business of mineral exploration and evaluation and is primarily focused on the acquisition, exploration and evaluation of mineral resources in Fiji. The Company owns 100% of Tuvatu Alkaline Gold Project, which is located approximately 24 kilometers northeast of the town of Nadi on the island of Viti Levu in the Republic of Fiji. The area surrounding the Tuvatu gold deposit and resource area is covered by approximately three-square kilometers of special mining lease (SML 62), with the broader project area covered by approximately 13,613 hectares of special prospecting licenses (SMLs 1283, 1296, 1465 and 1512), covering the balance of the Navilawa caldera. The SML 62 provides rights for the potential development, construction, and operation of mining, processing, and waste management infrastructure at Tuvatu. The Company holds over four exploration licenses (SPLs) for the Tuvatu properties.


TSXV:LIO - Post by User

Post by goodheart-ron Apr 14, 2021 10:07am
355 Views
Post# 32992090

Game plan

Game plan I believe Walter is being very prudent with his money. Spending it on moving the project forward by drilling and deciding on how big a mill to put in place depending on drilling results. Smaller results, smaller mill, bigger results bigger mill. Either way a mill goes in and revenue flows which pays upfront for future drilling and expansion. Share price moves in unison. Even if a small mill might seem wasteful remember that profit allows drilling without having to go to the market for funding diluting the shares. May be longer but more profitable in the long run and also makes for better negotiating when you can tell a prospective buyer that they must pay more for a working profitable mine with more ounces drilled under their belt.
<< Previous
Bullboard Posts
Next >>