Lion One Metals Ltd V.LIO

Value and forward potential

[ctoivo]

Good post, Canuck, and I agree with you for the most part, and have always looked at the company as a long term hold.
   However I don't think WB is holding off because of risk, but he is still looking for good, small dilutive financing.  PR has said there is a lot of interest which I'm sure of, but in this environment, would be financiers feel they may be able to strike a tough bargain in their favor.  If neither side moves much, or if Wally and a few of his cronies don't loan the company the funds, then it will be a while.
   Even at $1100 gold, Lion makes a lot of money. (AISC costs at a low $779 per oz.) One of the things I think Wally feels he can't speculate on, but would like to,  is mine longevity.  I think there is no way he believes this will be just a 6 year, high grade mine, and from all indications he's likely right. (and possible financiers likely think that too.)
   In the first 3 years of established production LIO is estimated to be able to produce approximately 250,000 ounces of AU at a grade of about 15.5 g/ton.  Compare that to the following table from this summer's Mining.com site and you can see why the interest in LION is warrented. There are very many indications that the company will keep finding a lot more high grde as they mine so as to add many years of mine life.  (Both the table's numbers and Lion's reflect indicated and inferred)