Post by
reddog11 on Sep 14, 2023 10:00am
Question
I have noticed (who could miss it) that all the latest drill results seem to far exceed the g/ton used as the inferred resource per the website.
The wesite indiates about 1 million oz inferred.
Usiing some quick simple math from latest resuts, it would seem to be closer to 2-3 million oz.
Anyone else seeing this or am I wrong?
Thanks,
RD
Comment by
steve55 on Sep 14, 2023 3:47pm
the new results are not included yet in the calculation.
Comment by
geolteacher on Sep 14, 2023 9:05pm
it's pretty speculative right now, but I agree with you, these numbers look great! I also like that they post something every few weeks. I have high hopes for Lion One, (1)per the map(s) in the presentations that show rock chip sample Au content from various locations of the caldera, and (2)comparison to the mined/mineable Au content of other alkaline caldera systems.
Comment by
goldstd69 on Sep 15, 2023 12:24am
the Lion One story is just beginnng...it could be massive...production begins in Q4...a takeover eventually in the cards...great property and great management....jmho
Comment by
reddog11 on Sep 15, 2023 10:30am
I agree that it could be massive. All latest drill results are 2-3x the website inferred. Maybe when / if they update the inferred we could see a nice stock price move. Not sure about a buyout. No real major in the neighborhood that I know of. ..yet. jmo RD
Comment by
cyber37 on Sep 15, 2023 2:56pm
No major but KNT is not that far away....in PNG & they are looking. G37
Comment by
reddog11 on Sep 15, 2023 8:12pm
Thanks. When the miners turn, LIO should do very well. We really have it all. Actual mine built / exploration. RD