TICKER: LIO:TSX.V; LOMLF:OTCQX; LY1:FSE
Lion One Metals Ltd. is a North Vancouver-based mineral exploration and development company focused on the acquisition, exploration and development of mineral resource properties. In June 2013, Lion One merged with Avocet Resources Ltd. of Perth, Australia, and is focused on advancing the Tuvatu gold project in Fiji, the Olary Creek iron ore project in South Australia, and additional gold and uranium projects in Western Australia and Argentina.
The information provided below is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.
"Tuvatu is the kind of low-capex, straightforward deposit that the majors are looking for these days. Tuvatu is not big enough for that, but maybe it will be at some point. Even if it isn't, it is the sort of project that can be developed by a smaller company. Capex for that sort of small underground operation runs at about $100M+, not billions like the vast low-grade operation may of the majors were focused on until recently. After the merger with Avocet, Lion One's got about 60M shares out and probably $15M in the bank. It has to work its way through a PEA and a feasibility plan for Tuvatu but a previous operator took Tuvatu all the way to feasibility so Lion One has a lot of data in hand already. A new resource number should be out in a couple of months, and I would think it's probably up around 1 Moz now."
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