Whereas you can click on his handle microcapmetals and see and trace his lies, (shorting LIO ...what a joke-lie) .
You can also click on my handle and it will take you into the wayback machine to show for 8 years and more I’ve been a a LION fan.
Certainly not a pumper, but somewhat of a town crier, sayng, Wakeup!! What a deal this is!! ( STILL IS!)
It’s still true. For whatever reason the share price was recently weirdly crashed by the financing but the fundamentals are a screaming buy.
No one has done more research on Fiji gold and Lion one than I have over the years, and I’m sure the few other ‘old timers’ here will attest to that.
To see the old posts you can click on my handle, scroll down, hit the number 20 page, and then hit page 28 when it switches. I have earlier LION posts but this page starts right after Fiji announced the mining permits for Lio and slightly before the excellent PEA was announced in the spring of 2015. To follow the posts is to follow a very interesting time line and to learn.
“The way to become rich is to put all your eggs in one basket and then watch that basket.” -Andrew Carnegie
(the old conniving monopolist said. )
I thought that when the permits came out the SP would explode to at least a $1.00 and never, ever look back but obviously it didn’t. Instead when it didn’t explode, I sold many stocks to buy more LION.
There were periods there when I bought more shares than everyone else combined. (as shown in the old posts)........ (Eventually I owned 500 K shares at less than $.30 Canadian.)( all this with a share count then, a third of today’s)
If you are interested in buying or buying more shares, consider looking at all of my research which you can find on SH done over the years. (watching that basket)
Fascinating and compelling stuff. The company , LIO, and Wally have never cared much about sharing all of this vital information.
After all the years, after all the changes, the increase in share count etc, after the peccadillos of the CEO , Berukoff, this situation is still a screaming buy. (In my not so humble O.)
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ctoivo (
December 02, 2014 -
LIO flying way under radar 25 % bump on about $300 traded. . (I should have bumped it to 50% with another couple hundred bucks .LOL) This babe will have its day.
March 19, 2015 -
Halted today One of the last pieces of the puzzle? With only a $12 mill market cap, good news will make this shine--lots of gold in those volcanoes.
(The "Fiji Times" reports that Lion One has received its production permit.)
ctoivo
April 10, 2015 - 02:20 AM
165 Reads
While we're waiting HISTORY Discovered in 1987, the Tuvatu gold deposit was “fast-tracked” to development in the late 1990’s by the Emperor Gold Mining Company as an additional source of high-grade feed for its mill at its nearby Vatukoula Mine. Over US$20 million in expenditures were incurred in the initial exploration and development of the deposit. By mid-2000, work completed included over 80,000 meters of drilling (60,000 meters of core and over 20,000 meters of reverse circulation), completion of a 1,630 meter decline, bulk sampling and test mining, metallurgical testing, reserve and resource estimation, mine design and optimization, and completion of a feasibility study (FS or historical feasibility study) in conjunction with Bateman Engineering. A preliminary mine plan was developed based upon production of 80,000 oz. Au per annum at a rate of 400,000 tonnes per annum, with overall operating cost estimates of A$67.81 (US$37.47) per tonne or A$317.91 (US$185.02) per oz. (based on year 2000 average conversion rates of US$0.582 to A$1.00 and average gold prices of US$279.11 or A$480.06). The FS concluded that the project was profitable, even at what was then a challenging economic environment for commodities. Further deterioration of gold prices however, led to the project being placed into care and maintenance in late 2000."
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Of course a lot has changed since this 'ancient' history of 15 years ago, including the resource estimate going way up. The US dollar has gone up 50% from inflation since then so that would put their operating cost at $300 US per ounce (which would be unbelievably cheap-$600 would be cheap. They were basing their 80,000 oz per year on milling twice the tonnage than the mill LIO is ordering can handle, but it doesn't mean Lion can't pick up another modular mill (or 2) as needs be. I still can't believe the cheapness and low trading of LION. Guess I'll have to buy more tomorrow. Somebody may as well do it. (April 2015) ___________________________________________________