Lion One Metals Ltd V.LIO

NR Gold now Copper

[WisGuy1]

We knew the caldera would offer more gold, this is an interesting development of a copper gold porphyry.  Puts it more on the radar of a major like Barrick.  A twofer:  High-grade alkaline gold mine and a copper gold porphyry?  Grades as high as 1% Cu seen in the first hole.  Mineralisation also at surface and deep!  LIO with its low drilling costs/m can easily keep drilling holes here and poking into this literally for little cost.  I would say this is a very, very big development.  This is potentially a very significant addition of value to the company.  I mean BIG has a higher market cap for what they hit, if LIO hits some interesting holes, we have two companies in one in great jurasdiction.  Note they also did not disclose gold grades in holes, just the Cu.

 

 This kind of development is what helped k92 achieve their valuation...  with their Blue Lake Porphyry.    

[Puma1back]

i think we now knowwhy  they just raised $12 million. You can't drill this out with bank debt & waiting for positive cash flows doesn't make sense.    

[reddog11]

I agree this is great news. I still believe the stock offering and a full warrant was a give away at $.50 C. The Copper wasnt going anywhere and with gold where it is, the stock offering could have been at a mucjh better price had we just waited a month. ..but then again I dont have all information and just have to trust. jmo RD