My guess$651.00 Just kidding. I'd be pleased with anything below $800 US cost per oz and $50 million US Capex.
I see trading by the seller(s) is more careful today where they keep adding asks at .295. (Like Monday) Yesterday was the big sale day it seems. CIBC is the main seller, as they have been. There has only been about $370,000 in trades since the halt and a portion of that was day trading... chump change really. Most of the holders of this stock have no interest in selling, for some very good reasons.
I too think there is likely millions of ounces to be mined down there. Apparently Emperor did too if they thought of mining 80,000 oz per year. This will be a discover as you mine type of mine. Joe Gray, their IR guy said they may put an adit in diagonally to the 1600 meter one they already have.
Tuvatu is on the same fault line as other monster deposits in the south Pacific, with similar chacteristics, and only 32 km from the closest elephant. There is a good chance that this could be another. Investors that have sufficient patience will be well rewarded, I think. I hope LION doesn't even think of selling out for years to come.