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 Heywood_Silverson Sep 28, 2019 7:01pm

117 Views

Post# 30174285

RE:RE:RE:RE:RE:I Pity The Fool

Correct, the juniors offer the most upside and they are the bulk of my portfolio. I will probably take a small stake in LIO as a pure speculation play. Nobody knows how much AU is located within their jurisdiction, this could be a home run but time will tell.

Posters talking about 20 mm ounces will have only a few to choose from. one of my favourites is WRN which is on the cusp of breaking through 20mm ounes of delineated AU. Funny thing is, WRN is trading at the same price as LIO. Classic bird in the hand is worth two in the bush scenario here. With speculation plays such as LIO it is advisable not to make it more than 10% of your portfolio.

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