Lion One Metals Ltd V.LIO

Fiji Gold Pour Ceremony

[goldstd69]

most impressive and interesting....Lion One does things the right way....and new 3D model of Tuvatu online on their website also....I am a buyer on corrections holding long term   jmho

[2b7f6fab]

I've been thinking about modeling the cash flow LIO will produce once the ramp to 500 T/day mid 2024. 500 T/day x 14 grams x 365 days = 82,000 ounces/year @ $2,000/oz = $164 million. There are two royalties payable - 5% to Fijian govt, and 2% to the chairmans private firm. If I remember correctly the $25 million loan was at 9% interest. I don't know production cost and G&A. 

[goldstd69]

and aside from your numbers dont forget the large number of exploration targets all showing promise....huge upside here imho

[2b7f6fab]

Yes I've seen those drills.  I find it interesting that our Chairman went ahead and built a full mine complex and took it into production without having completely drilled the hell out the entire Island.  I suspect but not absolutely positive that he has better knowledge of these things than I do.  :) I've heard he's built a couple or more very productive mines in his

[roberto146]

"... built a full mine complex and took it into production without having completely drilled the hell out the entire Island." Drilling has been going on continuously for over 10 years, and a revised 43-101 was issued in June 2014, with construction beginning about 2018. It seems like a measured approach to me.

[2b7f6fab]

well, things that make you go umhf.  do you have a link to  a news release to drill results?  after all I am a shareholder with stock certificate in hand and willing to buy more.:)

[roberto146]

"... do you have a link to  a news release to drill results?" There are many, but probably the easiest way is to click the 'news' link near the top of the bullboard page ... there are several releases a year for many years. They usually summarize results in the news releases. Their web site is current, polished, and quite informative too.

[reddog11]

....and based on latest drilling, 14 g/tonne is light. Surprised we are still in this range. RD

[2b7f6fab]

Conservative thought processes.  Keep your expectations low and you'll only be surprised on the upside.  My suspricsion is this mine will spit out cashflow like you can't imagine.  I don't want to commit to any numbers until I've talked with a mine manageer/engineer I know.

[lumpy13]

Or go to Profile and then click on the website for the company itself.  You can probably sign up to get emails of any news releases.