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.

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Lion One Metals Ltd > down trend

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Comment by BearKilleron Apr 07, 2021 1:50pm

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Post# 32950372

RE:RE:RE:RE:RE:down trend

Long term gold price is determined by money supply. Shorter term interest rates can cause a negative correlation. One that correlation breaks, a la the '70's, then gold will go up with rates.

There's a lot of pressure by global CB's to keep the lid on gold. The equivalent of all of last years gold production is traded every few days on paper and IMO that is unsustainable in the long term. But who knows how long the down draft will be. In the 90's the yen carry trade kept a lid on gold until it was unwound after 9/11 and gold caught back up to and overshot the money supply.

It's just a matter of time.

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