Q4The new slides are a really good study, same ones as in Joe's virtual presentation. Slides 10, 11, 12 (Great hits on the edge and outside of major lodes) - Ongoing drilling from surface and underground; focusing on extensional targets of resource; regional exploration inside mining lease
- "Confirming Upside – Drilling programs mobilized at surface and underground; upside confirmed with 8.46 m @ 71.41 g/t Au from recent drilling."
- 18 month construction schedule; 18 month payback on capital"
It seems like they need at least one additional drill if they plan on mining and exploring at the same time. (
sure hope they plan on getting one or more)' Next Steps - Completion of detailed engineering for processing plant and site infrastructure.
- Completion of EPC Contract for Engineering, Procurement, Construction, and Project Financing
If they can announce an expanding high grade resource at the same time as Lion starts mining the existing one, then the trading should get very interesting.
They put in kind of a funny paragraph at the end:
TIMING IS EVERYTHING "LOMLF is trading near it’s 52-week low ($0.90 - $0.41) Your interests aligned with management and institutions" Yup, thats the ticket guys. (
File it under the "I would certainly hope so" file) lol
Shareholders should contact the company and let them know that Our interests lie in their promoting, full tilt, this important new news and timetable.!
They're right though. I think what they mean in that paragraph is:
the stock......it's way cheap...time to buy.