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Lion One Metals Ltd V.LIO

Alternate Symbol(s):  LOMLF | V.LIO.WT

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

Post by Atonon Aug 27, 2024 5:21am
366 Views
Post# 36197202

Road ahead to 100.000oz per year.

Road ahead to 100.000oz per year.They have managed to squeeze out 1700oz per month from the 300 ton per day plant, now they are ramping up the plant to 600 tons per day and expects it to be in full swing mid 2025. We can all speculate about the grades that LIO will recover, but let's not get too over positive until they reach the 500 level so I assume that LIO double production from here to mid 2025. From 2025 H1 3400oz per month => 40.800oz per year before reaching 500zone. When the 500 zone is reached in 2026 we can probably calculate with more that double grades => around 100.000 oz per year. A high grade, fully automated mine with 100.000oz per year will probably be worth 10x-20x from today's m-cap. Place your bets, I'm using the dips to buy more shares.
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