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 > Back at 0,50 ,

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Comment by Puma1backon May 30, 2024 5:16pm

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Post# 36065267

RE:RE:Back at 0,50 ,

Yeah, book value is more like 75 cents a share and some 90% of the assets are tangible property or cash and near cash.

we are producing gold, and if it is just a breakeven on cash basis i would expect to see 80 cents pretty fast

reddog11 wrote: Hard to understand normally. Its the PP.

At some point IF gold production ends up actually happening then the share price will have to rise even with all the overhanging PP shares. Hopefully back to where we were BEFORE the PP at least.

The markt cap is far below the investment in mine construction and drilling so there is an obvious value.

Frustrting, yes.

jmo

RD