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 > Fiji Gold Pour Ceremony

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Comment by 2b7f6fabon Oct 27, 2023 11:40am

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Post# 35704143

RE:Fiji Gold Pour Ceremony

I've been thinking about modeling the cash flow LIO will produce once the ramp to 500 T/day mid 2024.

500 T/day x 14 grams x 365 days = 82,000 ounces/year @ $2,000/oz = $164 million.

There are two royalties payable - 5% to Fijian govt, and 2% to the chairmans private firm.

If I remember correctly the $25 million loan was at 9% interest.

I don't know production cost and G&A. Anything around $800/oz combined and this miner will be throwing off some big cash flow.

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