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Lion One Metals Ltd V.LIO

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

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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Post by ctoivoon May 09, 2017 8:20pm
142 Views
Post# 26223668

WIW

WIW
I don't know if a lot of folks caught the import of some of this news release.

" If an independent third party engineering firm is able 
to materially increase the tonnage and grade of the mineralized zones "

Then it may add years to mine life.

Mining cash costs are less than $600 an ounce US. Say, 60,000 ounces a year x $600 ($1,200 US gold price minus cost per ounce) = $36 million US. (before taxes/royalties)

$49 million Canadian.  Per year of extra mine life.

LION's total market cap is  $71 million CA.  Crazy low when you do a little math, not only with all we have at present, (net cash flow of $153 million Canadian) but with the possibilities for the future.

Fun with figures.


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