Lion One Metals Ltd V.LIO

It is a Start of Something.

[Frozengoldwaiti]

So those are some impressive little veins they have going here.

So keep going and get about 20 or 30 of them producing  and it is a mine.

They will find a few bigger ones that can be  producing  30 tpd . At some point they will get to the larger areas.

Do they have a fleet of small equipment that can haul the ore?  Need maybe 5 small LHD and 10  10  ton haul trucks.

Is there an underground equipment shop?  Where is the warehouse  for the gear?

Getting back to this is still looking like a hobby mine that we are paying for.

Off to the races.

And quit talking like WB is some kind of mine king. Newmont fired all of the people involved with the Hope Bay Deal.

[roberto146]

I bought some warrants just for fun. I did have shares some time back, but sold when they were above 1.40, just before it got bombed the first time by the financing. Then I was considering getting back in about a buck - and it got bombed by financing again, so glad I didn't. The warrants have a 2 1/2 year life, the exercise price is reasonable and the optional acceleration clause is for 2.00

[steve55]

yes but you're talking about the first financing which has an acceleration clause on warrants; I don't know why there's no acceleration clause on the second financing they just closed;i think LIO has exponential potential but we're stillunder the radar. Gold up $20 today on Powell comments,as stupid as it is.

[roberto146]

Now that's interesting - it's not actually the first financing, it's the bought-deal financing announced May 3rd, and the news release states that optional acceleration takes place at $2.00. In the news release of May 11th, 'Update to warrant listing', they state NO warrant acceleration. That's good news! Maybe it was a condition by the buyers to eliminate acceleration.

[cyber37]

BUT....its' a start

[TheCardinal]

After you've called the Company and asked them all the questions you're asking here, be sure to let us know what they say.