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 ittwoon Oct 17, 2019 10:26am

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Post# 30239772

RE:How Long To Prove Up To 3 Million Oz.

ok. what's the future resource potential worth today... without drill results?

drill results aren't anticipated until Christmas or later and LIO is probably years away from a resource update.

is the company fairly valued for its current ~1M oz resource? gold in the ground is worth roughtly $70/oz in good jurisdictions - less in riskier jurisdictions. that would value LIO at roughly C$0.70/share at today's price. LIO has been sitting on the current resource for a while now and is trading at a premium to its current value.

it looks like the plan is to borrow money and pay for drilling with future gold sales. they will likely need more money for drilling so i see more dilution here before we know how big this resource is. how long it takes and where the share price goes in the meantime is at best a guess. lets hope they figure it out.

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