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Lion One Metals Ltd V.LIO

Alternate Symbol(s):  LOMLF | V.LIO.WT

Metals & Mining Gold
Lion One Metals Limited is a Canadian gold producer. It is in the business of mineral exploration and evaluation and is focused on the development of mineral resources in Fiji. The Company is the owner and operator of the Tuvatu Gold Mine located on the island of Viti Levu in the Fiji Islands. The Tuvatu Gold Project has been fully permitted for development, construction, and mining by the Government of Fiji with the grant of a Special Mining Lease (SML 62). The Tuvatu project comprises the high-grade Tuvatu Alkaline Gold Deposit, the Underground Gold Mine, the Pilot Plant, and the Assay Lab. The Property comprises four special prospecting licenses (SPL 62), with a total area of 20,170.5 hectares. It also has an extensive exploration license covering the entire Navilawa Caldera, which is host to multiple mineralized zones and highly prospective exploration targets. It holds four exploration licenses for the Tuvatu properties as granted by the mineral resources department.


TSXV:LIO - Post by User

Lion One Metals Ltd
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Comment by newsimon1707on Aug 29, 2016 1:58pm
116 Views
Post# 25187745

RE:RE:WHY, WHY, WHY?

RE:RE:WHY, WHY, WHY?

Personnaly I prefer a loan at 7% then the issuing of 90 million new shares... we were at 62 million and are now at 150 over the weekend!

The mine has a payback time of 16 months... and shorter everytime the price of gold goes up!  So let's say they would have want to use the money to repay the loan instead of investing in drilling... we would have paid interest for not even a year and a half!

Funny that when I criticized the IR I got so many answers from new posters and new SH member... but none of these guys are giving their opinion on what I wrote...

I mean c'mon... you argue when I saw that IR is bad, but when the float goes from 62 million shares to 150 million nobody has anything to say???  This is material change big big time... !
 

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