Kwantes says why to buy Lion One Metals
Kwantes says why to buy Lion One Metals
2015-05-27 21:47 ET - In the News
James Kwantes, in the May 18, 2015, edition of Resource Opportunities, tells readers why to buy Wally Berukoff's Lion One Metals Ltd., recently 49.5 cents. A previous editor of the newsletter, Lawrence Roulston, said buy four times from July 27, 2011, to Aug. 26, 2014, at prices ranging from 41 cents to $1.23. Assuming a $1,000 investment for each of the four buys, the $4,000 position is now worth $2,890. Lion One holds the small but high-grade Tuvatu project in Fiji. Tuvatu's closest neighbour is Vatukoula, which is 40 kilometres to the northeast and is Fiji's largest gold mine, having produced more than seven million ounces of gold over a 75-year history. Lion One expects to have a preliminary economic assessment on Tuvatu before the end of the month. It already has a mining permit and environmental approvals, so investors seem to be expecting good news; they have sent the stock up from 32 cents on May 7. Mr. Kwantes has a "high degree of confidence" that Lion One's management, particularly chairman and CEO Berukoff, will be able to finance a small producing mine and use cash flow to keep building it. He reckons that Tuvatu is "the right kind of gold project" even for today's market.