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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

Bullboard Posts
Post by forwardflashon Nov 14, 2017 1:12pm
109 Views
Post# 26960861

US on the cusp of the world's

US on the cusp of the world'sgreatest oil and Ng boom in the history of the world.  What does that have to do with gold?  If you look at a historical oil and gold chart overlap, you will see gold almost always follows oil prices, the reason is oil prices is the indicator of future inflation or deflation.   This abundance of oil will insure that inflation stays in check, couple that with increases in automation that is keeping labor costs from rising,  the latter also an indicator of inflation. The two things that cause inflation seem to be in check.  Now what about the 20,000,000,000,000 trillion US debt?   How will that effect gold prices moving forward?   I'm thinking the powers that are does not want the USD to weaken, because the US imports so much from around the world, if the USD weakens  that would drive up costs of things in the US, and through millions of their citizens into poverty, because many can hardly make it now.  Point is other than the astronomical US debt, I'm thinking there is not reason gold should move higher.  Any insight would be appreciated.  Maybe Dent who is a gold bear has a point?
Bullboard Posts