Eric Coffin commented on Lion One Metals Ltd In a recent interview with Streetwise Reports, Eric Coffin commented on Lion One Metals Ltd. In order to make wise investment decisions, gold investors must coldly assess economic realities, says Coffin. As the publisher of Hard Rock Analyst Advisories, Coffin tracks a range of gold explorers with the bling to weather the long capital drought. He has figured out how to separate the winners from the losers and, in this interview with The Gold Report, he shares the names of some strong ventures.
Eric Coffin is the editor of the HRA (Hard Rock Analyst) family of publications. Responsible for the "financial analysis" side of HRA, Coffin has a degree in corporate and investment finance. He has extensive experience in merger and acquisitions and small-company financing and promotion. For many years, he tracked the financial performance and funding of all exchange-listed Canadian mining companies and has helped with the formation of several successful exploration ventures. Coffin was one of the first analysts to point out the disastrous effects of gold hedging and gold loan-capital financing in 1997. He also predicted the start of the current secular bull market in commodities based on the movement of the U.S. dollar in 2001 and the acceleration of growth in Asia and India.
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Eric Coffin's Comments:
"Another company I follow [is] called Lion One Metals Ltd. The company has a gold project in Fiji called Tuvatu, which hosts a gold resource of about 650,000 ounces at about 6.5 g/t gold. Work by Lion One has shown the veins that host the resource are still open along strike and there are several other gold bearing structures that have not been brought into the resource. There are workings in place on much of the resource and a feasibility study from the 1990s that indicates the project should be quite profitable at current prices. The company is well funded with over $15M at Sept. 30. Lion One recently made a takeover offer for a small Aussie explorer, Avocet Resources Ltd. This deal would bring another $4M onto the balance sheet, several good-looking gold and iron ore projects in Australia and a strong technical team that could help accelerate work at Tuvatu. It looks like a smart deal." View Article