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.

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Lion One Metals Ltd > Big Question

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Post by reddog11on Dec 03, 2024 12:28am

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Post# 36342034

Big Question

Can someone explain to me how with "bonanza" grades that it costs us $2800/ oz to produce 1 oz of gold?

Even the worst producing miners cost is 1600-1800 per oz.

Only people making any money here are the employees and government of Fiji.

I dont see how this company ever developed a mine. What cost was used in the initial mine plan?

Unreal. Unless I am missing something.

RD

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