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Industry Insider Shares His 3 Picks in Mineral-Rich Fiji
http://www.theaureport.com/article/2018/03/06/industry-insider-shares-his-3-picks-in-mineral-rich-fiji.html
LION finds 503 g/t gold over .7 meters
At Jomaki Ridge, A km from the Tuvatu Mine.
https://liononemetals.com/2018/02/lion-one-confirms-high-grade-gold-1-km-from-planned-mill-site-at-tuvatu/
Veteran Precious Metals Newsletter Writer Brien Lundin Reveals His Next Picks
Read more at http://www.stockhouse.com/companies/bullboard/v.lio/lion-one-metals-ltd?postid=27629462#4l4wFklldG7ytPAm.99
Gold Mine Construction Progress at Tuvatu in Fiji
http://www.stockhouse.com/companies/bullboard?symbol=v.lio&postid=27379362
Good new presentation
https://liononemetals.com/wp-content/uploads/2017/12/LIO-PPT-DEC-2017.pdf
Good new presentation
https://liononemetals.com/wp-content/uploads/2017/12/LIO-PPT-DEC-2017.pdf
Scarsdale Equities Analyst Mike Niehuser comments on Lion One http://www.theaureport.com/pub/co/3674
Great New Website Section. Tuvatu Project-Overview!........https://liononemetals.com/tuvatu-project/overview/.......focused on building production of 100,000 oz. per year over ten years.
''''I don't understand what investors don't understand about this great new mining opportunity......They will....Shares are selling for a song...
Lion One Completes Data Review of the Banana Creek Target
Read more at http://www.stockhouse.com/companies/bullboard?symbol=v.lio&postid=27061919#demF14qABtmMpmHh.99
LOMLF Morning Star Report
https://www.otciq.com/common/showMorningstarReport?symbol=LOMLF
Lion One Drills 11m of 9.1 g/t Gold at Tuvatu in Fiji
https://www.juniorminingnetwork.com/junior-miner-news/press-releases/1480-tsx-venture/lio/37202-lion-one-metals-drills-11-metres-of-9-1-g-t-gold-at-tuvatu-project-in-fiji.html
LION ONE Metals hits new shallow zone outside of current resource estimate. 9ft of 2.7 oz p/t gold. https://liononemetals.com/wp-content/uploads/2017/08/07.17-LIO-NR-New-Zone-of-Mineralisation-08.22.2017.pdf
Lion One is featured in Resource World http://bit.ly/2uvYCNz
Lion One is featured in Resource World’s Aug-Sept issue http://bit.ly/2vOU5FC
Scarsdale Equities Reiterates their buy rating for LION
Lion One Metals Limited updates Tuvatu Gold Project development, including contractor selection, awarding an underground mine contract and completing a financing decision. Drilling continues to infill, expand and step-out, increasing the definition of the high-grade gold resource.
We maintain our Buy rating. Tuvatu gold project profile: Lion One Metals Limited’s“Lion One”) 100% owned Tuvatu Gold Project is located only 17 kilometers from the Nadi International Airport, on the main island of Viti Levu, in Fiji. The project is in a caldera setting, along trend with the caldera-situated Vatukoula gold mine, which has produced 7 million ounces of gold in the last 82 years. The Tuvatu Gold Project has an Indicated resource of 1.1 Mt, grading 8.46 g/t, for 299,500 oz of gold; and an Inferred gold resource of 1.1 Mt, grading 9.7 g/t, for 468,000 ounces of gold, at a 3 g/t Au cutoff grade.
The PEA assumes modest capital costs and efficient mining of high-grade gold resources, resulting in significant cash flow, which may rapidly repay capital and fund mine development and additional exploration of prospective gold targets.
Summary of highlights for the first half of 2017:
•Received three competing bids for final EPC services for the Tuvatu processing plant and supporting infrastructure.
•Issued a tender for underground mine services to complete the majority of the decline and level development.
•Expanded project development and mine construction team.
•In process of concluding financial arrangements.
•Pending award of SPL 1412 exploration permit for balance of Navilawa Caldera.
We anticipate updates on selecting an EPC for project construction and underground mine services in the next 30 days, and additional drill results supporting conceptual near-term mining and stockpiling to support the mine plan.
Expansion and step-out drilling has the potential of expanding near and longer-term mining operations. While the award of SPL 1412 is now later than we expected, these activities may bring the selection process to conclusion.
We maintain our Buy rating and price target of C$1.40 per share. Thesis: The Tuvatu Gold Project is Possibly Fiji’s Next Long-lived Gold Mine We believe that Lion One Metals Limited is advancing the Tuvatu gold deposit to become Fiji’s next long-lived gold mine. The nearby Vatukoula gold mine (“Vatukoula”) in the last 80 years has produced 7 million ounces of gold.
We believe that Lion One’s planned Tuvatu gold mine (“Tuvatu”) may be superior to the Vatakoula for a number of reasons. Both projects share characteristic high grades of gold, but the widths of mineralized lodes at Tuvatu are over one meter as compared to narrower veins at Vatukoula. In addition, the angle of Tuvatu’s lodes are at a steeper angle amenable to the long-hole stoping method as opposed to Vatukoula’s shallower angle mineralized veins which are mined by the breast-stoping method.
A combination of these characteristics suggests that mining at Tuvatu may be more efficient than at Vatukoula, reducing mining dilution (handling waste rock) and with a more cost-effective mining technique. In addition, Vatukoula’s ore is understood to be refractory, requiring additional treatment in order to recover the gold, as opposed to Tuvatu which has better metallurgy, and may be recovered by a simple carbon-in-leach (CIL) process. We believe for these reasons that an operation at Tuvatu has the potential to be more profitable than operations at Vatukoula. We anticipate that the potential to expand the current resource estimate at Tuvatu may double as additional surface and underground drilling is completed over the life of the project.
Should Lion One secure SPL 1412 for the exploration of the Navilawa caldera, we believe that Tuvatu may have the opportunity to expand its mining activities, and indeed have the potential to become Fiji’s next long-lived mine.
Update on Progress of Development in the First Half of 2017
Lion One has received three competing bids for engineering, procurement and construction (EPC) services for the Tuvatu processing facility. This is described as a 210,000 tpa CIL gold processing facility. This includes customary surface infrastructure with dry stack tailings storage, diesel power generation system, water supply and water treatment facility, and operations infrastructure (assay lab, truck stop, warehouse, dry room and a central administration complex). The components of the facility are to be fabricated in China. We had expected a more rapid conclusion to this process given the relative high level of area infrastructure and the modest scale of the Tuvatu project relative to larger mines built in more remote locations. This accounts for the project’s reasonable capital costs.
It is apparent that any delays may primarily be attributed to Lion One’s desire for competitive bidding and insistence that the project be constructed in compliance to western standards and the Fijian Building Code. Lion One has said that they are satisfied with the quality of bids and we suspect the vetting process will be concluded in the coming weeks. Lion One has issued a request for an underground mining contract. This will be for initial rehabilitation, development and stockpiling ore for initial production to be completed in 18 months. This includes enlarging the existing exploration portal (and constructing a second production portal), expanding the existing exploration decline (from 3.5x3.5 meters to 4.5x4.5 meters), completing the extension of the existing decline with level development and ventilation raises. They also are expected to complete initial stope production available from the existing exploration portal which targeted for the fourth quarter of 2017. Lion One said that the first 500 meters of the 700-meter exploration decline has been dewatered. They anticipate the arrival of a more powerful pump in the near term will ensure complete dewatering within 30 days.
Precious Metals Mining 3 Summary of Current Drill Program Progress Lion One commenced the current drill program in October of 2016. This was initiated with a surface diamond drill rig in 2016 and followed with an underground drill rig in January of 2017. On May 9, 2017, Lion One had reported that it had completed a total of 6,493 meters of diamond drilling has been completed, consisting of 5,744 meters in 28 holes from the surface and 739 meters from 7 underground drill holes. This included drilling for metallurgical purposes.
In our opinion, the drill results reported by Lion One in 2017 continue to intersect gold mineralized lodes at widths and grades attractive for underground mining. As we are optimistic for the project’s longer-term prospects for developing gold resources, we believe that the ongoing resource definition of gold lodes to be mined early in the mine life to be the priority over expanding the resource or to report high-grade gold intercepts. Having said this, Lion One has intercepted a number of impressive intercepts which are located near the existing portal and above the existing exploration decline.
Highlights near the decline on the margins of the existing resource includeTUDDH407, 409 and 410 and “well outside existing stopes” including TUDDH408, 419 and 425.While not expected to be “true widths,” these intercepts represent the potential for expansion of near-term mining, which is positive for mine economics, and evidences the potential to locate additional gold mineralization upon commencement of underground drilling.
Though drill assays may be delayed by the time required to clear customs and transport samples to Australia, drilling is ongoing and we anticipate another release of drill results in the coming weeks.
Concluding Comments
Lion One shares are currently at close to one half the 52-week high and below our target price. While the development schedule has been delayed beyond our initial expectations, Lion One is advancing the project, is building a management team, increasing the depth of the team and proceeding with care. While the gold sector is not as strong as the first half of 2016, the gold price is reasonably stable and above levels included in the company’s Feasibility Study. In our opinion, this is about the size of market caps of other companies in the junior market sector that are at the inferred resource or PEA stage. We see this as a good point to acquire additional shares of Lion One and retain our Buy Rating and target price of C$1.40 per share.
Read more at http://www.stockhouse.com/companies/bullboard/v.lio/lion-one-metals-ltd?postid=26456977#qRdaumptpIQ9xuJi.99
Scarsdale Equities Reiterates their buy rating for LION
This update by Scarsdale was put out a couple of weeks ago. Like many of us, they had expected faster development, but also like many of us, they see the value, the possible blue sky future, and know the mine is a-coming.
Lion One Metals Limited updates Tuvatu Gold Project development,
including contractor selection, awarding an underground mine contract and completing a financing decision. Drilling continues to infill, expand and step-out, increasing the definition of the high-grade gold resource.
We maintain our Buy rating. Tuvatu gold project profile: Lion One Metals Limited’s“Lion One”) 100% owned Tuvatu Gold Project is located only 17 kilometers from the Nadi International Airport, on the main island of Viti Levu, in Fiji. The project is in a caldera setting, along trend with the caldera-situated Vatukoula gold mine, which has produced 7 million ounces of gold in the last 82 years. The Tuvatu Gold Project has an Indicated resource of 1.1 Mt, grading 8.46 g/t, for 299,500 oz of gold; and an Inferred gold resource of 1.1 Mt, grading 9.7 g/t, for 468,000 ounces of gold, at a 3 g/t Au cutoff grade.
The PEA assumes modest capital costs and efficient mining of high-grade gold resources, resulting in significant cash flow, which may rapidly repay capital and fund mine development and additional exploration of prospective gold targets.
Summary of highlights for the first half of 2017:
•Received three competing bids for final EPC services for the Tuvatu processing plant and supporting infrastructure.
•Issued a tender for underground mine services to complete the majority of the decline and level development.
•Expanded project development and mine construction team.
•In process of concluding financial arrangements.
•Pending award of SPL 1412 exploration permit for balance of Navilawa Caldera.
We anticipate updates on selecting an EPC for project construction and underground mine services in the next 30 days, and additional drill results supporting conceptual near-term mining and stockpiling to support the mine plan.
Expansion and step-out drilling has the potential of expanding near and longer-term mining operations. While the award of SPL 1412 is now later than we expected, these activities may bring the selection process to conclusion.
We maintain our Buy rating and price target of C$1.40 per share. Thesis: The Tuvatu Gold Project is Possibly Fiji’s Next Long-lived Gold Mine We believe that Lion One Metals Limited is advancing the Tuvatu gold deposit to become Fiji’s next long-lived gold mine. The nearby Vatukoula gold mine (“Vatukoula”) in the last 80 years has produced 7 million ounces of gold.
We believe that Lion One’s planned Tuvatu gold mine (“Tuvatu”) may be superior to the Vatakoula for a number of reasons. Both projects share characteristic high grades of gold, but the widths of mineralized lodes at Tuvatu are over one meter as compared to narrower veins at Vatukoula. In addition, the angle of Tuvatu’s lodes are at a steeper angle amenable to the long-hole stoping method as opposed to Vatukoula’s shallower angle mineralized veins which are mined by the breast-stoping method.
A combination of these characteristics suggests that mining at Tuvatu may be more efficient than at Vatukoula, reducing mining dilution (handling waste rock) and with a more cost-effective mining technique. In addition, Vatukoula’s ore is understood to be refractory, requiring additional treatment in order to recover the gold, as opposed to Tuvatu which has better metallurgy, and may be recovered by a simple carbon-in-leach (CIL) process. We believe for these reasons that an operation at Tuvatu has the potential to be more profitable than operations at Vatukoula. We anticipate that the potential to expand the current resource estimate at Tuvatu may double as additional surface and underground drilling is completed over the life of the project.
Should Lion One secure SPL 1412 for the exploration of the Navilawa caldera, we believe that Tuvatu may have the opportunity to expand its mining activities, and indeed have the potential to become Fiji’s next long-lived mine.
Update on Progress of Development in the First Half of 2017
Lion One has received three competing bids for engineering, procurement and construction (EPC) services for the Tuvatu processing facility. This is described as a 210,000 tpa CIL gold processing facility. This includes customary surface infrastructure with dry stack tailings storage, diesel power generation system, water supply and water treatment facility, and operations infrastructure (assay lab, truck stop, warehouse, dry room and a central administration complex). The components of the facility are to be fabricated in China. We had expected a more rapid conclusion to this process given the relative high level of area infrastructure and the modest scale of the Tuvatu project relative to larger mines built in more remote locations. This accounts for the project’s reasonable capital costs.
It is apparent that any delays may primarily be attributed to Lion One’s desire for competitive bidding and insistence that the project be constructed in compliance to western standards and the Fijian Building Code. Lion One has said that they are satisfied with the quality of bids and we suspect the vetting process will be concluded in the coming weeks. Lion One has issued a request for an underground mining contract. This will be for initial rehabilitation, development and stockpiling ore for initial production to be completed in 18 months. This includes enlarging the existing exploration portal (and constructing a second production portal), expanding the existing exploration decline (from 3.5x3.5 meters to 4.5x4.5 meters), completing the extension of the existing decline with level development and ventilation raises. They also are expected to complete initial stope production available from the existing exploration portal which targeted for the fourth quarter of 2017. Lion One said that the first 500 meters of the 700-meter exploration decline has been dewatered. They anticipate the arrival of a more powerful pump in the near term will ensure complete dewatering within 30 days.
Precious Metals Mining 3 Summary of Current Drill Program Progress
Lion One commenced the current drill program in October of 2016. This was initiated with a surface diamond drill rig in 2016 and followed with an underground drill rig in January of 2017. On May 9, 2017, Lion One had reported that it had completed a total of 6,493 meters of diamond drilling has been completed, consisting of 5,744 meters in 28 holes from the surface and 739 meters from 7 underground drill holes. This included drilling for metallurgical purposes.
In our opinion, the drill results reported by Lion One in 2017 continue to intersect gold mineralized lodes at widths and grades attractive for underground mining. As we are optimistic for the project’s longer-term prospects for developing gold resources, we believe that the ongoing resource definition of gold lodes to be mined early in the mine life to be the priority over expanding the resource or to report high-grade gold intercepts. Having said this, Lion One has intercepted a number of impressive intercepts which are located near the existing portal and above the existing exploration decline.
Highlights near the decline on the margins of the existing resource includeTUDDH407, 409 and 410 and “well outside existing stopes” including TUDDH408, 419 and 425.While not expected to be “true widths,” these intercepts represent the potential for expansion of near-term mining, which is positive for mine economics, and evidences the potential to locate additional gold mineralization upon commencement of underground drilling.
Though drill assays may be delayed by the time required to clear customs and transport samples to Australia, drilling is ongoing and we anticipate another release of drill results in the coming weeks.
Concluding Comments
Lion One shares are currently at close to one half the 52-week high and below our target price. While the development schedule has been delayed beyond our initial expectations, Lion One is advancing the project, is building a management team, increasing the depth of the team and proceeding with care. While the gold sector is not as strong as the first half of 2016, the gold price is reasonably stable and above levels included in the company’s Feasibility Study. In our opinion, this is about the size of market caps of other companies in the junior market sector that are at the inferred resource or PEA stage. We see this as a good point to acquire additional shares of Lion One and retain our Buy Rating and target price of C$1.40 per share.
Issuance of Tender for Tuvatu Mining Contract and Receipt of Competing Bids for EPC Contract http://bit.ly/2s8R6Hg
Gold Newsletter - Lion One Update
Lion One Metals (LIO.V; LOMLF.OB; C$0.70) continues to ply its Tuvatu gold project in Fiji with a surface drill and an underground rig. Since October 2016, the company has completed 6,493 meters of diamond drilling comprised of 5,744 meters of surface drilling and 739 meters of underground drilling. Current drilling is testing areas that have hosted high-grade intercepts like 252.64 g/t gold over 4.22 meters (Hole 160) and 14.09 g/t
gold over 8.85 meters (Hole 207). Work continues on the development front at Tuvatu as well, with a dewatering program on an exploration decline and secured contracts for engineering studies. Lion One remains a smart play on gold exploration and development in a safe mining jurisdiction. It’s still a buy.
IMO its only a matter of time until LION doubles their high grade gold resource--likely much more.
NEWS + MEDIA
Lion One Announces Drilling and Development Update for the Tuvatu Gold Project in Fiji
PDF
North Vancouver, B.C., May 9, 2017. Lion One Metals Limited (TSX-V: LIO) (ASX: LLO) (OTCQX: LOMLF) (FSX: LY1) (the “Company”) is pleased to announce the following drilling and development update for its 100% owned and fully permitted high grade underground Tuvatu Gold Project located near Nadi on the island of Viti Levu in the Republic of Fiji.
About Tuvatu
The Tuvatu Gold Project is located 17 km from the Nadi International Airport on the main island of Viti Levu in Fiji. Discovered in 1987, Tuvatu is a high grade, low sulphidation, epithermal gold deposit hosted inside a South Pacific style volcanic caldera. The deposit occurs along the Viti Levu lineament, Fiji’s own corridor of high grade gold deposits. Tuvatu is situated upon a 5 hectare footprint inside a larger 384 hectare mining lease. The project contains numerous high grade prospects proximal to Tuvatu, at depth, and up to 1.50 km along strike from the resource area, giving near-term production potential and further discovery upside inside of one of Fiji’s underexplored volcanic goldfields.
Tuvatu was advanced by previous owners through underground exploration and development from 1997 through to the completion of a feasibility study in 2000. Acquired by Lion One in 2011, the project has over 100,000 meters of drilling completed to date in addition to 1,600 meters of underground development.
In January 2016 the Hon. Prime Minister of Fiji, Mr. V. Bainimarama, formally presented the previously granted Tuvatu Mining Lease to Lion One. This concluded the permitting process for the development of an underground gold mine and processing plant at Tuvatu, demonstrating strong government support for Fiji’s 85 year-old gold mining industry.
As per its independent June 1, 2015 NI 43-101 PEA Technical Report on the Tuvatu Gold Project, the Company envisages a low cost underground gold mining operation producing 352,931 ounces of gold at head grades of 11.30 g/t Au over an initial 7 year mine life. This includes production of 262,000 ounces at 15.30 g/t through to the end of year three. Estimated cash cost is US$567 per ounce with all-in sustaining cost of US$779 per ounce. Total capex of US$48.6 million includes a contingency of US$6.1 million with an 18 month preproduction schedule and 18 month payback on capital. At a US$1,200 gold price, the project generates net cash flow of US$112.66 million and an IRR of 52% (after tax). The Company is not basing its production decision on a feasibility study of mineral reserves demonstrating economic and technical viability; as a result there is increased uncertainty and economic and technical risks associated with its production decision.
Drilling and Development
Mine engineering and underground development is progressing alongside final detailed engineering for the Tuvatu processing plant and site infrastructure. The 2016-2017 drilling program continues with one diamond drill rig operating at surface, and one underground. Drilling has successfully intersected high grade zones of mineralization proximal to, and outside the current resource. Consequently the Company has appointed an independent third party engineering firm to model the incoming results. The Company believes the drilling currently underway has the potential to materially increase the tonnage and grade of the mineralized zones targeted for extraction in the initial years of the Tuvatu mine plan.
The Company commenced drilling at Tuvatu in October 2016 with one surface rig, followed by the addition of an underground rig in March 2017. A total of 6,493 meters of diamond drilling has been completed to date consisting of 5,744m from 28 surface drill holes, and 739m from 7 underground drill holes. An additional 520m of drilling has been completed for geotechnical purposes in the area of the proposed processing plant, and to confirm stability of the monzonite host rock underground. High grade highlights include the following drilling results (see Table 1 below for a summary of 2016-2017 results):
TUDDH 406 (8.41m @ 71.41 g/t Au from 96.10m, inc. 4.56m @ 126.67 g/t Au);
TUDDH 407 (4.05m @ 12.32 g/t Au from 53.57m);
TUDDH 409 (3.92m @ 12.54 g/t Au from 80.78m),
TUDDH 410 (2.42m @ 24.07 g/t Au from 86.94m),
TUDDH 419 (9.07m @ 14.89 g/t Au from 32.83m, inc. 5.57m @ 21.04 g/t Au from 36.33m).
Current drilling is following up on several very high grade intercepts and potential extensions of zones identified in previous campaigns:
TUDDH 160 (4.22m @ 252.64 g/t Au from 332m; 4.12m @ 19.61g/t Au from 403.20m)
TUDDH 207 (8.85m @ 14.09g/t Au from 418.90m; 1.45m @ 19.78g/t Au from 418.90m)
Drilling targeting the northern, shallow extensions on the Tuvatu, SKL 3-8, and UR2 lodes. Minimal diamond drilling has been undertaken on these lodes in the northern part of the deposit and as such, there remains a high probability of extending mineralized lodes into these areas. This area includes three reverse circulation drill holes which had previously not been followed up including TURC 142 (5m @ 22.5g/t Au), TURC 156,(2m @ 11g/t Au) and TURC 171, (6m @ 6.3 g/t Au)
Follow up of extensions of the east-west oriented Snake and Murau lodes to the west of the exploration decline.
Plan and section views of the reported drilling areas are shown in Figs. 1 and 2.
The underground diamond drill rig has targeted the area north of the Core Shed Fault, where very little previous drilling has been undertaken. Surface mapping and sampling has highlighted continuation of those mineralized lodes to the north, in addition to a number of other zones of mineralization previously untested. The main known lodes being tested include the UR2, Tuvatu and H lodes.
The current drilling program has identified a number of very high grade intercepts from outside the proposed ore stopes planned in the 2015 Preliminary Economic Assessment. In particular, the intercepts in TUDDH 408, 419 and 425 fall well outside existing stopes, whilst TUDDH407, 409, 410 and others, returned intersection on the margins of existing planned stopes. Other diamond drill holes have confirmed the existing mineralization in many of the other proposed stopes.
The most significant results received from all drilling to date have previously been reported (see news releases dated November 28, 2016, December 21, 2016, February 14 2017, and in the Management Discussion and Analysis for Period Ending March 31st 2017. Below is a summary of select results from the drilling undertaken in the 2016-2017 drill programs (Table 1):
Table 1: Select Tuvatu Drilling Results, May 2017
DRILL HOLE (M) FROM (M) TO (M) INTERVAL (M) AU (G/T) ZONE
TUDDH 406 48.42 51.30 2.88 5.30 GRF/ SKL 2
70.93 71.23 0.30 23.30 SKL 4
72.30 73.55 1.25 10.16 SKL 4
96.10 104.51 8.41 71.41 UR 2
including 96.10 100.66 4.56 126.67 UR 2
and 102.71 104.51 1.80 12.58 UR 2
116.55 117.27 0.72 36.20 SKL 8
TUDDH 407 53.57 61.60 8.03 4.68 SKL 3/4
including 55.76 61.60 5.84 6.26 SKL 3/4
71.43 75.48 4.05 12.32 SKL 6
TUDDH 408 41.60 41.90 0.30 76.60 SKL 4/ Snake
63.49 63.80 0.31 6.69 Nasivi
88.04 91.07 3.03 3.35 Murau 2
TUDDH 409 78.93 85.70 6.77 7.83 Murau 1
including 80.78 84.70 3.92 12.54 Murau 1
91.40 94.80 3.40 4.29 Murau 1 split
TUDDH 410 86.94 89.36 2.42 24.07 Murau 1 HW
124.20 125.70 1.50 9.16 Murau 1 FW2
TUDDH 412 48.46 49.85 1.39 8.46 Tuvatu 2
TUDDH 418 201.30 202.60 1.30 13.02 Murau 3
171.20 171.49 0.29 16.60 URW 3
TUDDH 419 32.83 41.90 9.07 14.89 UR 2
including 36.33 41.90 5.57 21.04 UR 2
71.36 72.80 1.44 19.65 SKL 3
83.66 85.78 2.12 14.28 SKL 5
103.18 103.64 0.46 14.00 SKL 7
TUDDH 420 75.19 76.50 1.31 11.57 SKL 3
TUDDH 421 115.23 117.15 1.92 16.89 UR 4
TUDDH 425 46.35 49.20 2.85 19.78 UR 2
TUDDH 427 64.67 65.11 0.44 48.00 SKL 4
TUDDH 428
191.96 195.64 3.68 5.86 UR 2
Quality Control (QAQC)
All samples for this drilling program is marked, logged, and cut with a diamond saw onsite, placed in sealed bags and sent to the Company’s Nadi office. Following inspection by the regulators in Fiji and receipt of an export license, samples are then shipped to Brisbane, Queensland for customs clearance, and then couriered to the facilities of ALS Chemex in Townsville, also in Queensland, for sample preparation and gold analysis by fire assay and multi-element ICP analysis. A Quality Control/Quality Assurance program, including the insertion of standards, blanks and duplicates is ongoing.
Development Update
The Company continues to work alongside its EPC partner Ansteel to complete the design and financing of the Tuvatu Gold Project (see “Ansteel MOU” news release dated August 24, 2016). Under mutual agreement with Ansteel, The Company has contracted Yantai Jinpeng Mining Machinery Co Ltd, based in Shandong Province, PRC, to complete the final detailed engineering design plans for the Tuvatu processing plant, tailings dam, and surface infrastructure. The detailed design plans include the laboratory, office complex, dry area, workshop for light vehicles and heavy underground machinery, warehouse, conference facilities and mine site offices. The detailed engineering design is nearing completion with site plans scheduled for delivery to Lion One in June 2017.
The Company has also contracted Canenco Consulting Corp., a Vancouver based process engineering company, to manage Front End Engineering Design (FEED), including equipment specifications, engineering plans, and design documentation for the processing plant to be constructed in the PRC to North American standards. The procurement process of mining equipment and processing plant components is progressing with all equipment and long term lead items having been identified and priced.
The Company has now dewatered the existing Tuvatu exploration decline past the 375m mark from the portal down the decline. The decline was completed in the year 2000 by Emperor Gold Mines, comprising 1,430 meters of underground development including drives, cross cuts and raises. In conjunction with the dewatering, ventilation fans and lighting have been installed and are running 24 hours per day. Minor slippage inside the Core Shed Fault area 140m inside the decline has now been cleared and reinforced to ensure permanent and safe access past that area to areas further down the decline for future drilling programs. The rehabilitation of this area has been approved by Mine Inspectors from Fiji’s Mineral Resource Department.
Lion One's Tuvatu Gold Project to be Fiji’s next gold mine
http://fijisun.com.fj/2017/04/29/sabeto-could-be-next-mine/
SEEKING ALPHA ARTICLE ON LION ONE METALS GOOD READ
http://www.stockhouse.com/companies/bullboard?symbol=v.lio&postid=26174768
[urlhttp://www.stockhouse.com/companies/bullboard?symbol=v.lio&postid=26174768][/url][tag]insert-text-here[/tag]
Lion One Metals (LIO, TSX-V) has appointed Ian Chang as Chief Development Officer…significantly, from 2011 until 2016, Chang was Vice-President, Project Development for Pretium Resources (PVG, TSX) where he managed the feasibility study and subsequent development of Brucejack…Chang will lead the advance of Lion One’s fully permitted high-grade underground Tuvato Gold Project in Fiji
How the Rich Invest: Mark Creasy & LIO
insert-text-here
http://www.stockhouse.com/companies/bullboard?symbol=v.lio&postid=26009511
LION ONE METALS ON BNN
[urlhttp://www.stockhouse.com/companies/bullboard?symbol=v.lio&postid=25938852][/url][tag]insert-text-here[/tag]
Gold Newsletter feat Lion One
Lion One Metals (LIO.V; LOMLF.OB ; C$0.89) is drilling its Tuvatu project in 2017 with the goal of infilling and extending the material targeted for the first two years of production. Hole 419 from this effort intersected 9.07 meters od 13.52 g/t gold. This assay bodes well for Lion One’s ability to quickly turn Tuvatu’s high-grade ore into cash flow, once production begins. The company is also in the process of dewatering an exploration decline on the property. Once complete, it will allow for underground drilling to complement the surface drilling at Tuvatu. Lion One continues to trade in an attractive range for accumulation and is a buy for those looking for a good, leveraged play on higher gold prices.
Read more at http://www.stockhouse.com/companies/bullboard/v.lio/lion-one-metals-ltd?postid=25922256#u8Jgivswx4QRGOe5.99
Yup, now lets see about getting the next 196% return.
Current market cap US $70 million.
I can see the way forward to a couple hundred million or a lot more.
Let's get mining already!! (talkin to you, Wally
Lion One Metals has been included in the 2017 OTCQX Best 50
52-week High/Low ($0.90 / $0.23)
Change in Avg Daily Volume 294.32%
2016 Total Return 196.47%
http://web.otcmarkets.com/otcqx-best-50/
Most Undervalued and Under the Radar Developer: Lion One
Vancouver Resource Investment Conference 2017 in Review
Friday January 27, 2017 14:27
]
Most Undervalued and Under the Radar Developer: Lion One Metals (LIO.V) This company controls one of the top 10 highest grade gold mines in the world. The Tuvatu Gold Project in Fiji boasts a narrow vein mineral resource with an average grade in excess of 8 g/t Au. The Tuvatu property lies within Viti Levu Lineament, a north-west trending belt that hosts a number of alkaline volcanic centers. These include the world-class Vatukoula Gold Mine, which lies approximately 50 km’s to the north east. Low sulphidation, epithermal gold veins at Tuvatu occur along the margins of the eroded Navilawa volcanic center in a multi-phase geologic environment that also hosts porphyry copper-gold and VMS style mineralization. The nearby Vatukoula mine has over 4m/oz in reserves and has been in operation for over 75 years.
The company is run by Walter Berukoff, whom I have been fortunate enough to benefit from in 2 of his past 3 successful company takeovers. Mr. Berukoff was the founder and C.E.O of Miramar Mining Corporation, Northern Orion Resources, and La Mancha Resources, and has operated or commissioned gold mines in seven countries. I was in both Northern Orion and Miramar Mining when they were acquired by majors at a substantial premium.
The retail float in the company is only 42% of 101m shares outstanding with management owning 21%. They recently completed a $38m private placement above market and have over 41m warrants out @ $1.35 which expire in March of 2018. The company is working on a debt finance deal in order to construct the Tuvatu Gold Mine. Investor Relations Manager Joe Gray informed me at VRIC the finance should be completed in Q1 of this year. Full Disclosure: I own shares in LIO.V purchased in December of last year in the open market.
The next conference I attend will be the PDAC in Toronto, March 5-8, 2017. I will post a review in my column after I return.
By David Erfle Contributor to Kitco News
newsfeedback@kitco.com
image: http://www.kitco.com/ind/Daviderfle/images/DavidErfle.jpg
David Erfle is a 52 year old self-taught mining sector investor. He stumbled upon the mining sector in 2003 as he was looking to invest into a growing sector of the market. After researching the gains made from the 2001 bottom in the tiny gold and silver sector he became fascinated with this niche market. So much so that in 2005 he decided to sell his home and invest the entire proceeds from the sale into junior mining companies. When his account had tripled by September, 2007, he decided to quit his job as the Telecommunications Equipment Buyer at UCLA and make investing in this sector his full time job. He personally survived two bear markets, witnessed incredible sector changes and had to alter his investment philosophy numerous times in order to adapt to changing market conditions."
Read more at http://www.stockhouse.com/companies/bullboard?symbol=v.lio&postid=25766333#Khx8PLxRqksaGvTF.99
http://www.kitco.com/commentaries/2017-01-27/Vancouver-Resource-Investment-Conference-2017-in-Review.html
Those are amazing grade sampling numbers.
Been here almost 3 years now, never thought it would take so long.
Hanging on, but I'm getting old. Hurry!!
Underground
I spoke with IR last week--Hopefully they're just dotting I's and crossing T's with Ansteel. Experience shows that Investor's need patience with this company.
The decline is more than half dewatered and its looking good down there after 16 years under water.. Nice hard rock.
They were planning on starting undergound infill drilling this week in the Nasivi zone where mining is planned to start according to the PEA Potential Mine Plan..
Here's a listof some of the splendid high grade sampling that they'll be targeting, located approximately 250m inside the decline, at a vertical depth of 80m from surface.
2.40 meters of 74 grams per ton AU
3.30 meters 79g/t
3.40 meters 79g/t
3.00 meters 83g/t
3.45 meters 84g/t
2.95 meters 92g/t
3.60 meters 109g/t
3.10 meters 116g/t
2.95 meters 118g/t
2.50 meters 122g/t
2.80 meters 203g/t
2.35 meters 290 g/t
The results of drilling should be 'interesting'.
And then later on, perhaps even more interesting when they go after more of these results elsewhere on site:
1,614 g/t 0.5 meter
1,185 g/t 0.5 meter
463 g/t 0.5 meter
430 g/t 0.4 meter
Patience is a virtue--be right and sit tight.
The present market cap of $87 million CA, or $66 mill US , is way, way to small and LION's a great buy.
LION Mission Statement:
Create a cash machine and build up a multi-million ounce gold resource.
Here is my high level review of Lion One
After some homework and talking with the company regarding my investment in Lio, here is my summary on what's ahead for Lion One:
Ongoing drill results
• Ongoing exploration within the 384 hectare mining lease
• Contemplating the Ansteel MOU for 80% of the US$50M capex (development funding)
• Once development funding is secured there will be an approximate 18-month buildout to production
• Could begin producing gold in 2018
• Navilawa Caldera tender (potential to increase highly prospective land package to +30,000 hectares)
Lion One commenced an ongoing drill program targeting both infill and extensional targets. They have one surface rig currently operating and have one underground rig onsite ready to be deployed once the dewatering progresses (initial infill results intersected 8.41m @ 71 g/t Au). Due to the fact they raised $38M in Sept, they now have the budget for an aggressive exploration program to expand the resource and continue to enhance the mine life. The exploration potential is significant both within the Tuvatu deposit and the surrounding mining lease prospects. The potential increases exponentially with the consolidation of the Navilawa Caldera complex. The current deposit only extends approx. 250m from surface while the neighbouring operation (11m oz Vatukoula gold mine) has mined to a depth of 1300m+.
Gold Price Sensitivities for Tuvatu:
$1100 gold
Profit: US$533/oz
IRR: 43%
Payback: 21 months
NPV after-tax: $US65.50M
CF after-tax: US$87M
$1200 gold
Profit: US$633/oz
IRR: 53%
Payback: 18 months
NPV after-tax: $US86M
CF after-tax: US$112M
$1300 gold
Profit: US$733/oz
IRR: 62%
Payback: 16 months
NPV after-tax: $US108M
CF after-tax: US$138M
$1400 gold
Profit: US$833/oz
IRR: 71%
Payback: 15 months
NPV after-tax: $US129M
CF after-tax: US$163M
Read more at http://www.stockhouse.com/companies/bullboard/v.lio/lion-one-metals-ltd?postid=25577619#2MVXtPLYmDHoIMWY.99
Lion One featured on Sprott Money
https://www.sprottmoney.com/News/a-lion-in-fiji-berukoff-touts-buried-gold-out-of-country-peter-diekmeyer.html?platform=hootsuite
Lion One Intersects 71.41 g/t Gold over 8.41 Meters at Tuvatu
Drilling, Dewatering, and Development Commences at Tuvatu Gold Project in Fiji
NORTH VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 23, 2016) - Lion One Metals Limited (TSX VENTURE:LIO) (ASX:LLO) (OTCQX:LOMLF) (FRANKFURT:LY1) (the "Company") is pleased to announce that drilling, dewatering, and development has begun at the Company's 100% owned and fully permitted Tuvatu Gold Project located on the island of Viti Levu in Fiji.
Initial drilling results include 71.41 g/t Au over 8.41 meters from infill drill hole TUDDH 406, including 126.67 g/t Au over 4.56 meters, drilled from surface to a vertical depth of 92 meters.
Lion One has commenced ongoing drilling of infill and extensional targets of the Tuvatu gold deposit, with one surface drill rig currently operating, and one underground drill rig onsite and ready to be mobilized as the dewatering of the Tuvatu decline progresses.
"These initial infill drilling results further confirm the high grades and continuity of near surface mineralization at Tuvatu", said Stephen Mann, Lion One's Managing Director. "Our objective with our ongoing drilling programs is to extend and increase confidence in the resource ahead of mine development at Tuvatu."
http://www.marketwired.com/press-release/-2178109.htm
LINKinsert-text-here
CLICK link above and Scroll down and have a look at LION ONE METALS, apart from the 2 placements it looks like they have quietly bought another 1 000 000 shares on the open market.
Don't rock the boat and quietly buy from unsuspecting and weak hands. The PROS know how to play this game very well............At this very moment the real pros are gobbling up the good companies including and especially LION ONE METALS.
;)
Cg2
Read more at http://www.stockhouse.com/companies/bullboard?symbol=v.lio&postid=25458588#VSw2CxcZK0BkWGth.99
The hidden treasure in Fiji
The hidden treasure in Fiji
Dear investors, analysts, media representatives and friends,
some of you will certainly recall the famous adventure novel “Treasure Island” written by the Scottish author Robert Louis Stevenson and published in 1883 narrating a tale of buccaneers and the search of a legendary gold treasure, worth £700,000 in gold ducat, buried on a South Sea Island. Since many generations this story around the secret of Captain Flint, his old pirate crew and the exciting journey of the 14-year old Jim Hawkins fascinates children all over the world…
Now, this story about a Canadian junior gold miner sounds a bit like such an adventure story we dream of since our old childhood days. Today, I like to invite you all to a journey to a South Sea Island and I will report about a hidden gold treasure which makes hearts of gold mining investors around the globe leap for joy. But, this is actually no tale – it is indeed a true story:
Our story takes place on Viti Levu which is the largest island in the Republic of Fiji located 1,100 nautical miles northeast of New Zealand's North Island in the South Pacific Ocean. This story deals with the Canadian junior gold exploration company Lion One Metals Ltd. (TSX-V: LIO; OTCQX: LOMLF; ASX: LLO – CDI’s; FSE: LY1) which has identified and developed a high-grade, near surface gold deposit within a prolific epithermal gold corridor: The exciting Tuvatu Gold Project.
The company which is based in North Vancouver, B.C. shows pictures of the impressive entrance of their Tuvatu Gold Mine on the corporate website: A more than four meters high concrete wall says in big carved block letters: “Tuvatu Gold 1997”. Behind this scene, a 600 meter decline, excavated and build in 1997, extends down to a depth of 240 meters. Inside we find an advanced stage developed gold deposit with cross cuts, raises and drill stations.
Recently, a significant Special Mining Lease (SML) has been granted by the Ministry of Land and Resources to Lion One Metals Ltd. as the company has announced on March 23rd , see:
http://www.liononemetals.com/assets/docs/nr/2015-03-23_NR.pdf
Now, this green light from the government for the construction of the Tuvatu Gold Mine is a very significant step forward in the company history! The vision of the company’s Chairman and CEO, Walter H. Berukoff is now to become a low-cost gold producer.
Before we take a closer look at Lion One Metals and their exciting project, we need to answer the question: Is there a significant history of gold mining on Fiji?
In fact, the presence of gold was already evidently known to the early Fijians several hundred years ago. The islands of Fiji are geologically located on the “Pacific Ring of Fire” which is the active tectonic boundary between the Pacific and Indo-Australian Plate. Today this boundary is known to host several world-class porphyry copper-gold and epithermal gold deposits. But if we think of other rich gold deposits around the globe – e.g. along the Carlin Trend in Nevada, USA or within the Abitibi Greenstone Belt that spans over Ontario and Quebec in Canada – I am convinced, mining investors still underestimate the true value of high-grade gold zones in the South West Pacific Region. On the Fiji islands, these zones are buried within a regional structure called the Viti Levu Lineament. This epithermal gold corridor trends from southwest to northeast across both major islands.
There are two significant gold mines in Fiji: The active Vatukoula Gold Mine situated northeast of Nadi on Viti Levu, owned and operated by Vatukoula Gold Mines plc, and the historic Mount Kasi Mine near Dawara on Vanua Levu which is currently under exploration by Newcrest Exploration Ltd.
Together with Vatukoula and Mount Kasi, the Tuvatu Gold Mine of Lion One Metals lies within the Viti Levu Lineament and is located approx. 30 miles southwest of the Vatukoula Gold Mine. This map gives a good overview of the project location:
http://www.liononemetals.com/assets/img/Fiji_Location_Map.jpg
Historical records show that the first discovery of gold in the area of today’s Vatukoula Mine was made by Baron A. B. de Este in 1872. Sixty years later in 1932, an economic gold deposit has been found on Lololevu Creek by Bill Borthwick. A further investigation of this discovery under consideration of the tertiary Vatukoula volcanic caldera led to the development and activation of the significant Emperor Mine in 1935. Renamed into Vatukoula Gold Mine some years ago, it has produced more than seven million ounces of gold since nearly 80 years and is still in production. The mine contains 4.1 Mill. oz in Mineral Resources plus 750,000 oz in Mineral Reserves. Currently there is an open pit as well as an underground mining operation ongoing in depths exceeding 1,300 meters. The former operator Emperor Gold Mines compared Vatukoula with Porgera and Lihir in Papua New Guinea. The company suspected significant geological similarities between these mines including the Tuvatu Gold Mine. In these days Vatukoula is still recognized as one of the major high grade gold systems in the South West Pacific Region.
…to be continued…
Release date: March 26th 2015
Author: Dipl.-Kfm. Maurice Hoewler, Hoewler International Investor Relations and Consulting, Bremen, Germany.
Email: hoewler2000@yahoo.de
With best wishes
Maurice Hwler
___________________________
Hwler International Investor Relations and Consulting
- Finanzkommunikation und Unternehmensberatung -
Inh. Dipl.-Kfm. Maurice Hwler
email: hoewler2000@yahoo.de
Disclaimer - Haftungsausschluss
Die von dem Unternehmen Hoewler International Investor Relations and Consulting (Inh. Dipl.-Kfm. Maurice Hoewler), nachfolgend die „Agentur“ genannt, bereitgestellten Dienstleistungen (nachfolgend „Services“ genannt) stellen keine Anlageberatung dar. Die Services drfen daher keinesfalls als persnliche oder auch allgemeine Beratung aufgefasst werden. Investoren, die aufgrund von Informationen der Agentur Anlageentscheidungen treffen bzw. Transaktionen durchfhren, handeln vollstndig auf eigene Gefahr. Die von der Agentur bereit gestellten Informationen, auch anderweitig damit im Zusammenhang stehende Informationen begrnden keinerlei Haftungsobligo. Die Agentur bernimmt keine Verantwortung fr die Richtigkeit und Verlsslichkeit der Informationen und Inhalte, insbesondere in Bezug auf Unternehmensprsentationen (nachfolgend „Info-Materialien“ genannt), die von der Agentur versendet werden, und auch bezglich jener Informationen und Inhalte, die durch Links erreicht werden knnen. Die Agentur schliet jede Gewhrleistung fr Info-Materialien und Services aus und Sie nutzen diese auf eigenes Risiko. Die Agentur kann nicht fr Fehler oder Verzgerungen im Zusammenhang mit der Lieferung dieser Info-Materialien oder fr Entscheidungen, die auf diesen Daten basieren, haftbar gemacht werden. Das vollstndige Risiko, welches aus der Inanspruchnahme von Services und der Verwendung von Info-Materialien entsteht, verbleibt bei Ihnen. Die Agentur kann nicht fr mgliche konkrete, zufllig entstandene oder indirekte Schden oder fr Folgeschden (z.B. bezglich eines mglichen entgangenen Gewinns, oder andere Vermgensschden), welche aus der Inanspruchnahme der Services und dem Verwenden der Info-Materialien, bzw. der Unmglichkeit, diese Services und Info-Materialien zu nutzen, entstanden sind, haftbar gemacht werden. Beachten Sie, dass eine Verffentlichung, bzw. Weiterverbreitung von Emails ohne die Zustimmung der Agentur nicht gestattet ist.
Mgliche Interessenkonflikte nach § 34 WpHG i.V.m. FinAnV:
Die Agentur erbringt Investor Relations- (IR), Marketing- sowie Beratungsdienstleistungen fr brsennotierte Unternehmen. In einem Email-Newsletter, in bestimmten Nachrichtenportalen oder in sozialen Medien verffentlicht die Agentur journalistische Arbeiten in Form von Text-, Bild-, Audio- und Videomaterial ber Unternehmen aus der Rohstoffbranche sowie zu aktuellen Finanzmarktthemen. Ausdrcklich weist die Agentur darauf hin, dass es sich bei den verffentlichten Beitrgen um keine Finanzanalysen im Sinne des deutschen Kapitalmarktrechts handelt.
Folgende Interessenkonflikte knnen bei der Agentur im Zusammenhang mit den Services grundstzlich auftreten:
- Der Inhaber der Agentur, Herr Maurice Hoewler kann Aktien von Unternehmen (oder unmittelbar darauf bezogene Derivate) ber die im Newsletter berichtet wird, halten. Herr Hoewler behlt sich das Recht vor, jederzeit Long- oder Shortpositionen von Unternehmen einzugehen oder diese zu veruern.
- Die Agentur steht in entgeltlichen Auftragsbeziehungen mit bestimmten, im Newsletter vorgestellten Unternehmen (IR Mandate). Zudem strebt die Agentur grundstzlich eine Fortfhrung solcher entgeltlichen Auftragsbeziehungen mit verschiedenen Unternehmen an.
Ein Kurszuwachs bei Aktien der vorgestellten Unternehmen kann zu einem Vermgenszuwachs beim Inhaber der Agentur, Herrn Maurice Hoewler fhren. Hieraus entsteht ein Interessenkonflikt. Ferner behlt sich Herr Hoewler das Recht vor, jederzeit die o.g. Finanzpositionen ganz oder teilweise aufzulsen und die entsprechenden Wertpapiere zu veruern. Hierdurch knnen Kursverluste des entsprechenden Wertpapiers und damit ein Vermgensverlust entstehen.
Entgeltliche Auftragsbeziehungen:
Derzeit oder in den letzten 12 Monaten steht bzw. stand die Agentur mit folgenden Unternehmen in einer entgeltlichen Auftragsbeziehung (insbesondere IR Mandate). Hieraus kann ein potentieller Interessenkonflikt entstehen:
1. NioCorp Developments Ltd.
2. West Red Lake Gold Mines Inc.
3. Excalibur Resources Ltd.
4. Lion One Metals Ltd.
Ferner erbringt die Agentur auch situativ einzelne vergtete Dienstleistungen fr alle o.g. Unternehmen. Hieraus kann ebenfalls ein potentieller Interessenkonflikt entstehen.
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Only visible to XING members - 11/04/2015, 2:09 am
An entrepreneur’s vision to build sustainable growth: Walter H. Berukoff
Lion One Metal’s Chairman and CEO Walter H. Berukoff holds a 30-year lasting track record as a successful entrepreneur, merchant banker, real estate developer and financier. In the global mining industry Berukoff is known as one of the “big game hunters” since he was responsible for the discovery of some world-class gold- and copper deposits both in North- and South America. Through his privately held merchant bank Red Lion Management Ltd. he was involved in the foundation and building of several famous mining companies such as Miramar Mining, Northern Orion Resources and La Mancha Resources.
In 1993 Red Lion Management purchased the Con Mine in the Canadian Northwest Territories for $25 million CAD from Kennecott Exploration, which is today a subsidiary of the Rio Tinto Group. Subsequently Berukoff’s private company sold the mine to Miramar Mining. And under his chairmanship the Con Mine became a very significant gold mine in Canada with over 730,000 produced ounces during the years 1993-2000. Finally in 2007, Miramar Mining was sold to Newmont Mining for $1.5 billion USD.
Back in 1998, as Chairman of Northern Orion Resources, Mr. Berukoff initiated the first foreign mining venture of its kind in Cuba since the revolution: The successful activation of the Mantua open pit gold- and copper mine.
Mr. Berukoff was in charge of another significant transaction in the year 2006 which has made a great stir in the mining industry: Within a reverse takeover, the gold producing and exploration assets of Areva NC – a subsidiary of the French Areva Group which is today a global leader in nuclear energy and major player in renewable energies, were moved into La Mancha Resources. As a result, this reverse takeover created a very successful global gold producer on the Toronto Stock Exchange. La Mancha was sold for $493 million USD to Weather II Investments owned by the Egyptian billionaire Naguib Sawiris in 2012.
But Walter Berukoff also holds a significant track record within various exploration projects around the globe. At Northern Orion he developed the Aqua Rica deposit in Catamarca, Argentina. One day the rich ore body could be recognized as the largest copper producer in the world. The deposit has a measured and indicated resource of 14 billion pounds of copper and 8.9 million ounces of gold. Northern Orion was sold to Yamana Gold for $1.07 billion USD in 2007.
During his career Walter Berukoff has raised over one billion dollars for global mining projects and in these days he also has a clear vision for Lion One Metals Ltd. and the Tuvatu Gold Project: Building a world-class low-cost producing gold mine in the South West Pacific Region.
In 2007 Emperor Mines Ltd., the former operator of Vatukoula in Fiji had been taken over by South African based Durban Roodepoort Deep Gold Ltd. Their minority interest in the Porgera Gold- and Silver Mine in Papua New Guinea (PNG) was sold to Barrick Gold for $250 million USD. Emperor could settle all is debt and was keeping $130 million USD, but not before selling off their Fijian assets including the mining rights to Westech Gold Pty Ltd. They wrapped up this transaction and moved on. Mr. Berukoff recognized this opportunity and through his merchant bank he funded the Westech purchase.
The explanation why the Tuvatu Gold Project had been placed on care and maintenance instead of preparing it for a mining operation is very simple: Emperor had been forced to conserve cash to manage its margins and service debt when gold prices dipped below $300 USD per ounce in the late 1990s and early 2000s. By the time gold prices recovered in 2004-2006 the company was preparing to exit Fiji. Tuvatu was put on the shelf and this enabled Red Lion Management to acquire Emperor’s assets in Fiji. Afterwards Mr. Berukoff decided to sell his interest in Vatukoula and vended Tuvatu and Emperor’s exploration assets into Lion One Limited Fiji. At that time he reviewed Emperor’s positive feasibility study for Tuvatu and visited the project site with Emperor’s best Fijian geologists. He finally came to the conclusion that it is a great geologic environment: The Tuvatu Gold Project, as a typical high-grade, low-sulphidation epithermal gold deposit in the South West Pacific Region hosted in a volcanic-intrusive sequence within a postulated collapsed caldera setting, has some ideal attributes a “big game hunter” in the gold mining industry is looking for.
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Only visible to XING members - 11/04/2015, 2:11 am
During the first three years Walter Berukoff funded Lion One Limited Fiji privately, prior to the formation of Lion One Metals Ltd. in early 2011 through a reverse takeover at the TSX Venture Exchange (TSX-V) between X-Tal Minerals Corp. and American Eagle Resources Inc. From the beginning Mr. Berukoff has been focused on obtaining the necessary permits in order to start with the exploration workings and to get the Tuvatu Gold mine into production. Today Lion One Metals holds the approval for the Environmental Impact Assessment (EIA), has secured a 21-year Surface Lease Agreement in 2014 and just recently, a Special Mining Lease has been granted by the Ministry of Land and Resources. At the present time the management is looking forward to the results of a pending Preliminary Economic Assessment (PEA).
Lion One’s capital structure is still intact with over $5 million CAD in working capital. The company follows a multifaceted approach: On the one hand initiating production within scalable, modular mining operations, and on the other hand funding further exploration and development. This combined strategy is not new in the mining industry. Harmony Gold and Newcrest Mining are jointly developing the giant Wafi-Golpu gold- and copper project in PNG. In late 2012 they had to change direction due to a new feasibility study which estimated the total capital expenditures over the entire mine life at $9.8 billion USD. Instead they are now concentrating on low risk and expandable modular mining operations, funding further development expenses through cash flow.
For Lion One Metals the Tuvatu Gold Project represents a very unique situation: It is extremely difficult for a junior gold miner to discover, develop, finance, and permit a gold mine. There are a lot of factors out of your control. Often the market remains irrational and behaves very ambivalent over a time period much longer than you can stay solvent - which is a typical inherent risk for junior gold mining companies. But the Tuvatu Gold Project was already significantly de-risked when it was acquired and Lion One was steadily focused to do the same.
In these challenging times it is important to know that regardless of market conditions or sentiment in the industry, there will always be a demand for new gold mines as the established ones must replace their ounces and the market will pay more for less risk. Lion One Metals has a great positioning and visibility in the industry with permitted mining operations on a high-grade gold deposit in a very stable jurisdiction that actively supports mining.
…to be continued…
Release date: April 10th 2015
Author: Dipl.-Kfm. Maurice Hoewler, Hoewler International Investor Relations and Consulting, Bremen, Germany.
Email: hoewler2000@yahoo.de
With best wishes
Maurice Hwler
___________________________
Hwler International Investor Relations and Consulting
- Finanzkommunikation und Unternehmensberatung -
Inh. Dipl.-Kfm. Maurice Hwler
email: hoewler2000@yahoo.de
Disclaimer - Haftungsausschluss
Die von dem Unternehmen Hoewler International Investor Relations and Consulting (Inh. Dipl.-Kfm. Maurice Hoewler), nachfolgend die „Agentur“ genannt, bereitgestellten Dienstleistungen (nachfolgend „Services“ genannt) stellen keine Anlageberatung dar. Die Services drfen daher keinesfalls als persnliche oder auch allgemeine Beratung aufgefasst werden. Investoren, die aufgrund von Informationen der Agentur Anlageentscheidungen treffen bzw. Transaktionen durchfhren, handeln vollstndig auf eigene Gefahr. Die von der Agentur bereit gestellten Informationen, auch anderweitig damit im Zusammenhang stehende Informationen begrnden keinerlei Haftungsobligo. Die Agentur bernimmt keine Verantwortung fr die Richtigkeit und Verlsslichkeit der Informationen und Inhalte, insbesondere in Bezug auf Unternehmensprsentationen (nachfolgend „Info-Materialien“ genannt), die von der Agentur versendet werden, und auch bezglich jener Informationen und Inhalte, die durch Links erreicht werden knnen. Die Agentur schliet jede Gewhrleistung fr Info-Materialien und Services aus und Sie nutzen diese auf eigenes Risiko. Die Agentur kann nicht fr Fehler oder Verzgerungen im Zusammenhang mit der Lieferung dieser Info-Materialien oder fr Entscheidungen, die auf diesen Daten basieren, haftbar gemacht werden. Das vollstndige Risiko, welches aus der Inanspruchnahme von Services und der Verwendung von Info-Materialien entsteht, verbleibt bei Ihnen. Die Agentur kann nicht fr mgliche konkrete, zufllig entstandene oder indirekte Schden oder fr Folgeschden (z.B. bezglich eines mglichen entgangenen Gewinns, oder andere Vermgensschden), welche aus der Inanspruchnahme der Services und dem Verwenden der Info-Materialien, bzw. der Unmglichkeit, diese Services und Info-Materialien zu nutzen, entstanden sind, haftbar gemacht werden.
Mgliche Interessenkonflikte nach § 34 WpHG i.V.m. FinAnV:
Die Agentur erbringt Investor Relations- (IR), Marketing- sowie Beratungsdienstleistungen fr brsennotierte Unternehmen. In einem Email-Newsletter, in bestimmten Nachrichtenportalen oder in sozialen Medien verffentlicht die Agentur journalistische Arbeiten in Form von Text-, Bild-, Audio- und Videomaterial ber Unternehmen aus der Rohstoffbranche sowie zu aktuellen Finanzmarktthemen. Ausdrcklich weist die Agentur darauf hin, dass es sich bei den verffentlichten Beitrgen um keine Finanzanalysen im Sinne des deutschen Kapitalmarktrechts handelt.
Folgende Interessenkonflikte knnen bei der Agentur im Zusammenhang mit den Services grundstzlich auftreten:
- Der Inhaber der Agentur, Herr Maurice Hoewler kann Aktien von Unternehmen (oder unmittelbar darauf bezogene Derivate) ber die im Newsletter berichtet wird, halten. Herr Hoewler behlt sich das Recht vor, jederzeit Long- oder Shortpositionen von Unternehmen einzugehen oder diese zu veruern.
- Die Agentur steht in entgeltlichen Auftragsbeziehungen mit bestimmten, im Newsletter vorgestellten Unternehmen (IR Mandate). Zudem strebt die Agentur grundstzlich eine Fortfhrung solcher entgeltlichen Auftragsbeziehungen mit verschiedenen Unternehmen an.
Ein Kurszuwachs bei Aktien der vorgestellten Unternehmen kann zu einem Vermgenszuwachs beim Inhaber der Agentur, Herrn Maurice Hoewler fhren. Hieraus entsteht ein Interessenkonflikt. Ferner behlt sich Herr Hoewler das Recht vor, jederzeit die o.g. Finanzpositionen ganz oder teilweise aufzulsen und die entsprechenden Wertpapiere zu veruern. Hierdurch knnen Kursverluste des entsprechenden Wertpapiers und damit ein Vermgensverlust entstehen.
Entgeltliche Auftragsbeziehungen:
Derzeit oder in den letzten 12 Monaten steht bzw. stand die Agentur mit folgenden Unternehmen in einer entgeltlichen Auftragsbeziehung (insbesondere IR Mandate). Hieraus kann ein potentieller Interessenkonflikt entstehen:
1. NioCorp Developments Ltd.
2. West Red Lake Gold Mines Inc.
3. Excalibur Resources Ltd.
4. Lion One Metals Ltd.
Ferner erbringt die Agentur auch situativ einzelne vergtete Dienstleistungen fr alle o.g. Unternehmen. Hieraus kann ebenfalls ein potentieller Interessenkonflikt entstehen.
image: https://www.xing.com/assets/frontend_minified/img/users/nobody_m.32x32.jpg
Only visible to XING members - 02/05/2015, 1:13 am
Lion One Metal’s extraordinary position in a challenging gold price environment
In these challenging times with gold prices around 1,200 USD per ounce senior gold producers are forced to reassess their current mining operations. Each day they are focused on a cost-cutting strategy in order to generate free Cash Flow and ultimately deliver sustainable dividends to shareholders. Mine plans are constantly being revised and new calculations lead to adjusted mine lives. Currently the largest declines in global gold production, which are triggered by economic challenges, come from senior mining companies. Mining executives strictly follow a conservative and prudent strategy to sustain a healthy balance sheet and to remain a going concern. They often decide to defer previously planned mine development with significant long term effects. While budgets for exploration expenditures shrink, new meaningful gold discoveries are less likely. As a result of the current gold price environment, these large companies are sometimes even forced to announce an impairment of reserves.
Therefore the actual possibilities for senior gold producers to follow a sustainable growth trajectory are limited. Assuming gold prices will not improve in the mid-term, we need to ask ourselves: Where could the growth come from in the future? It seems like the only reasonable strategy for the seniors in order to deliver shareholder value is to look at worthwhile acquisitions.
With that said, I like to illuminate the current situation of junior gold miners. In fact the gold exploration and development companies are in a difficult situation too: First and foremost they have to deal with significant barriers in accessing fresh capital. Company executives who are working on a financing to conduct new exploration programs, to complete resource and economic studies or to fund development expenditures in order to build a mine are directly dependent on the market sentiment which remains challenging at the moment. Due to limited access to capital, many junior miners have left the stage during recent years. Some have been acquired by larger companies and others became insolvent and have been delisted on their home exchanges.
Against this backdrop of weak market conditions, I am convinced that in comparison to producers, junior miners have real advantages which often go unrecognized by mining investors: Smaller companies are able to react very flexible in a changing gold price environment. Provided that it’s balance sheet is still in a healthy condition, a junior miner can simply flip the switch to a silent “sleep mode” by cutting all unnecessary expenses: This way the company is able to survive for many months, even for some years. In the meantime the stock price drops to new record lows. At some point the loyal shareholders are in such a “sleep mode” as well and it seems like there is almost no interest from new investors who consider to seize a possible investment opportunity. The trading volumes in the sector of junior gold mining stocks are very low in these days. Sometimes even the fully funded and advanced gold juniors with a potential, near-term production scenario in place are traded below their relevant book value per share. However, if a junior miner could successfully survive a certain period of time, the company is also able to get active again very quickly once it has access to fresh capital and when market conditions improve.
It is a matter of fact that the valuation gap between gold producers and advanced junior gold miners has widened significantly during the last years. From an investor perspective it is important to draw the right conclusions of this development. I am convinced, provided that gold prices and market conditions in the industry remain the same over the next few years, there could be a realistic chance that this valuation gap will shrink in the mid-term, in fact once more investors realize that the growth strategy of gold producers has changed towards a generation of shareholder value through acquisitions. Assuming that large gold producers will be forced to focus on worthwhile acquisitions to replace their existing mines and ultimately to remain going concerns, those undervalued advanced junior exploration and development companies with a potential, near-term gold production scenario in place could be an attractive investment for smart investors.
In terms of Lion One Metals and it’s Tuvatu Gold Project, an advanced-stage developed high-grade and near surface gold deposit in a stable jurisdiction, in due consideration of the company’s experienced management team with a significant track record, the healthy balance sheet (5 MM CAD in working capital and no debt), the completed permitting process and a pending Preliminary Economic Assessment (PEA), this junior gold miner could soon be recognized as an extraordinary positioned developing company with high visibility on many radar screens within the mining industry around the globe.
…to be continued…
Release date: May 1st 2015
Author: Dipl.-Kfm. Maurice Hoewler, Hoewler International Investor Relations and Consulting, Bremen, Germany.
Email: hoewler2000@yahoo.de
With best wishes
Maurice Hwler
___________________________
Hwler International Investor Relations and Consulting
- Finanzkommunikation und Unternehmensberatung -
Inh. Dipl.-Kfm. Maurice Hwler
email: hoewler2000@yahoo.de
Disclaimer - Haftungsausschluss
Die von dem Unternehmen Hoewler International Investor Relations and Consulting (Inh. Dipl.-Kfm. Maurice Hoewler), nachfolgend die „Agentur“ genannt, bereitgestellten Dienstleistungen (nachfolgend „Services“ genannt) stellen keine Anlageberatung dar. Die Services drfen daher keinesfalls als persnliche oder auch allgemeine Beratung aufgefasst werden. Investoren, die aufgrund von Informationen der Agentur Anlageentscheidungen treffen bzw. Transaktionen durchfhren, handeln vollstndig auf eigene Gefahr. Die von der Agentur bereit gestellten Informationen, auch anderweitig damit im Zusammenhang stehende Informationen begrnden keinerlei Haftungsobligo. Die Agentur bernimmt keine Verantwortung fr die Richtigkeit und Verlsslichkeit der Informationen und Inhalte, insbesondere in Bezug auf Unternehmensprsentationen (nachfolgend „Info-Materialien“ genannt), die von der Agentur versendet werden, und auch bezglich jener Informationen und Inhalte, die durch Links erreicht werden knnen. Die Agentur schliet jede Gewhrleistung fr Info-Materialien und Services aus und Sie nutzen diese auf eigenes Risiko. Die Agentur kann nicht fr Fehler oder Verzgerungen im Zusammenhang mit der Lieferung dieser Info-Materialien oder fr Entscheidungen, die auf diesen Daten basieren, haftbar gemacht werden. Das vollstndige Risiko, welches aus der Inanspruchnahme von Services und der Verwendung von Info-Materialien entsteht, verbleibt bei Ihnen. Die Agentur kann nicht fr mgliche konkrete, zufllig entstandene oder indirekte Schden oder fr Folgeschden (z.B. bezglich eines mglichen entgangenen Gewinns, oder andere Vermgensschden), welche aus der Inanspruchnahme der Services und dem Verwenden der Info-Materialien, bzw. der Unmglichkeit, diese Services und Info-Materialien zu nutzen, entstanden sind, haftbar gemacht werden. Beachten Sie, dass eine Verffentlichung, bzw. Weiterverbreitung von Emails ohne die Zustimmung der Agentur nicht gestattet ist.
Mgliche Interessenkonflikte nach § 34 WpHG i.V.m. FinAnV:
Die Agentur erbringt Investor Relations- (IR), Marketing- sowie Beratungsdienstleistungen fr brsennotierte Unternehmen. In einem Email-Newsletter, in bestimmten Nachrichtenportalen oder in sozialen Medien verffentlicht die Agentur journalistische Arbeiten in Form von Text-, Bild-, Audio- und Videomaterial ber Unternehmen aus der Rohstoffbranche sowie zu aktuellen Finanzmarktthemen. Ausdrcklich weist die Agentur darauf hin, dass es sich bei den verffentlichten Beitrgen um keine Finanzanalysen im Sinne des deutschen Kapitalmarktrechts handelt.
Folgende Interessenkonflikte knnen bei der Agentur im Zusammenhang mit den Services grundstzlich auftreten:
- Der Inhaber der Agentur, Herr Maurice Hoewler kann Aktien von Unternehmen (oder unmittelbar darauf bezogene Derivate) ber die im Newsletter berichtet wird, halten. Herr Hoewler behlt sich das Recht vor, jederzeit Long- oder Shortpositionen von Unternehmen einzugehen oder diese zu veruern.
- Die Agentur steht in entgeltlichen Auftragsbeziehungen mit bestimmten, im Newsletter vorgestellten Unternehmen (IR Mandate). Zudem strebt die Agentur grundstzlich eine Fortfhrung solcher entgeltlichen Auftragsbeziehungen mit verschiedenen Unternehmen an.
Ein Kurszuwachs bei Aktien der vorgestellten Unternehmen kann zu einem Vermgenszuwachs beim Inhaber der Agentur, Herrn Maurice Hoewler fhren. Hieraus entsteht ein Interessenkonflikt. Ferner behlt sich Herr Hoewler das Recht vor, jederzeit die o.g. Finanzpositionen ganz oder teilweise aufzulsen und die entsprechenden Wertpapiere zu veruern. Hierdurch knnen Kursverluste des entsprechenden Wertpapiers und damit ein Vermgensverlust entstehen.
Entgeltliche Auftragsbeziehungen:
Derzeit oder in den letzten 12 Monaten steht bzw. stand die Agentur mit folgenden Unternehmen in einer entgeltlichen Auftragsbeziehung (insbesondere IR Mandate). Hieraus kann ein potentieller Interessenkonflikt entstehen:
1. NioCorp Developments Ltd.
2. West Red Lake Gold Mines Inc.
3. Excalibur Resources Ltd.
4. Lion One Metals Ltd.
Ferner erbringt die Agentur auch situativ einzelne vergtete Dienstleistungen fr alle o.g. Unternehmen. Hieraus kann ebenfalls ein potentieller Interessenkonflikt entstehen.
Read more at http://www.stockhouse.com/companies/bullboard?symbol=v.lio&postid=25458515#Rr8vZPht2RF4aARb.99
Thanks for the warm welcome ! I truely believe that Lion One is an easy 5 bagger and that is with $1200 gold , anything higher and the ratios change for the better. Don't want to get too ahead of myself but please folks , do your research here. This is too good to pass up! A few weeks from now you may look back and regret not doing some DD and maybe pulling the triggers! GLTA! Patience is a virtue but the time is VERY near for the LION to roar!
Cg2
Welcome aboard colorisgreen2!
Great posts, I'm on the company email list so I saw the article already, yes, very promising.
Been here a couple years been buying up and down from .18 to .36.
I'm a happy long term investor, just being patient may be the key,
Hope next year is the break out.
IMAGINE WHAT WILL HAPPEN WHEN THE ANSTEEL DEAL IS COMPLETED
Catching a LION by the TAIL? Get in before the heard!!!! READ BELOW....Chinese investors are about to flood the gold sector with BILLIONS of $$$$, what do you think they will do when they find out that one the biggest Chinese steel company will be backing LION ONE! Chinese investors love GOLD.....get in before the heard folks.....its the difference between making money and chasing money...GLTA
quote from recent NR "The Company and Ansteel will proceed to preparing definitive binding agreements for the transactions contemplated by the MOU, and are targeting completing the transaction in the fourth quarter of 2016."
Please feel free to check out the entire NR @ www.liononemetals.com
Is This Why The Smash In Gold & Silver Is Happening? A Shocking Game-Changer For Gold & Silver Is Now Unfolding…
November 11, 2016
image: http://kingworldnews.com/wp-content/uploads/2016/08/King-World-News-The-Panic-That-Will-Be-A-Game-Changer-For-World-Financial-Markets-864x400_c.jpg
Is This Why The Smash In Gold & Silver Is Happening? A Shocking Game-Changer For Gold & Silver Is Now Unfolding
With gold down over $31 and silver plunging $1.08, is this why the smash in gold and silver is happening? Today King World News is reporting on a shocking game-changer in the gold and silver markets that is now unfolding.
Eric King: “Keith, you are a legend in the business and you have been on a long road trip that’s taken you around the world, including into Asia and Europe. You are in London currently but talk about about what you discovered in Hong Kong? I understand that a huge transformation is coming to the gold and silver sector.”
A Game-Changer For Gold & Silver Is Now Unfolding
Keith Neumeyer: “That’s correct, Eric. I have been building relationships in Hong Kong for many, many years, but up to now there has been no way for Chinese investors to invest in North American companies. But for the first time ever Chinese investors can set up an account through Interactive Brokers, which has just opened an office in Hong Kong. This is going to be a massive game-changer for the gold and silver sector…
IMPORTANT:
To hear which legend just spoke with KWN about $8,000 gold and the coming mania in the
gold, silver, and mining shares markets CLICK HERE OR ON THE IMAGE BELOW.
image: http://kingworldnews.com/wp-content/uploads/2016/02/KWN-Faber-I-2192016.jpg
KWN Faber I 2:19:2016
Keith Neumeyer continues: “What this means, Eric, is that for the first time ever Chinese investors will now be able to directly buy U.S. and Canadian mining stocks.”
Eric King: “When you talk about the Chinese coming into the mining share market, even though the sector is currently experiencing the final stages of a correction, you are talking over time about a radical flow of money into the mining shares, aren’t you?”
image: http://kingworldnews.com/wp-content/uploads/2016/11/KWN-Neumeyer-II-11112016.jpg
kwn-neumeyer-ii-11112016The Tip Of The Iceberg
Keith Neumeyer: “Yes, and it will just be the tip of the iceberg compared to what is coming. This is a new phenomenon and as more and more Chinese investors open up new accounts through brokerage firms in both China and Hong Kong, they are going to be looking to add to their exposure in the gold and silver space and they will now be able to do that by investing in mining stocks for the first time ever.
We are in the beginning stages of a new bull market in gold and silver and the mining shares, so that will translate into huge money flowing into North American, and Canadian companies specifically, from China.”
Eric King: “I know you are familiar with the mania that took place in the mining shares in the late 1970s and into 1980 time frame. Despite the pullback, like the one we are seeing today and this week, what we will eventually see is a super-charged mania in gold, silver, and the mining shares because of the ocean of money that will be part of the secular bull market in gold and silver, this time around from China and the rest of Asia. Pierre Lassonde has spoken with me in the past about this but it was in relation to physical gold and silver prices. However, what you have uncovered now opens the door for oceans of money to eventually pour into the mining shares. Meaning, this mania will see upside moves that are difficult to comprehend because the Chinese are notoriously aggressive gamblers.”
image: http://kingworldnews.com/wp-content/uploads/2015/08/King-World-News-Chaos-In-China-Economic-Suicide-Shenanigans-From-The-Fed-And-3-Ominous-Warnings.jpg
King World News - Nomi Prins: China Is Angry At Western 'Criminal (Banking) Institutions' - Does Not Want To See A Global Stock Market Crash
Keith Neumeyer: “The key thing you and Pierre have discussed many times is the fact that the Chinese are gamblers. They love to play the stock market now and that will add a new dynamic to the gold and silver mining share market that we have never seen in the North American marketplace.
We have experienced bull runs in the mining share market over the last 15 or so years but it has never had the Chinese buyer coming in as part of the whole equation. What that means is that over the next few years in this new bull market in the mining sector we will see these new buyers, the Chinese, coming into the market and setting the stage for a major run in the mining shares.
China has a huge population, the largest population on the planet, and they are getting wealthier by the day. The Chinese are very familiar with the gold and silver markets and they love the physical metal. For them to be able to buy mining stocks, which generally trade at 3 – 5 times the move in gold and silver, they will be all over that upside leverage in the gold and silver markets.
Chinese Buying Causes A Major Silver Stock To Skyrocket!
As I said earlier, Eric, this is a new phenomenon. I was just in Hong Kong with some of my staff and we met a large number of investors who are already shareholders in First Majestic Silver and First Mining Finance. This is quite interesting and it represents the beginning of what is going to be massive change in the mining share industry. We all know what happened to First Majestic Silver in the first six months of this year when it went from $4 Canadian to nearly $25 a share (see stunning 10-year chart below of First Majestic Silver).
image: http://kingworldnews.com/wp-content/uploads/2016/11/KWN-I-11112016.jpg
kwn-i-11112016
Yes, the share price has corrected over the past couple of months but you can be assured that the massive spike to nearly $25 was due in part to Chinese buying.”
Eric King: “Keith, when I saw that move in First Majestic Silver I knew it was a short squeeze combined with new money entering the stock and I was trying to figure out where that money was coming from because the stock essentially went back to the all-time highs when the price of silver was around $50. Now I know where that new money was coming from — China. And of course this time the price of silver was only $20 and change when the Chinese money helped propel the stock back to the previous all-time high. Was that just a preview of what is to come in the mining sector and in First Majestic Silver? Because I am trying to figure out what happens to the share price of First Majestic Silver when the price of silver goes to $25 or $30 or even higher.”
Keith Neumeyer: “Eric, you mentioned an important point about short covering. First Majestic had 14 million shares short in January when the stock was $4 Canadian. The short position dropped to only 4 million shares by July. That’s when the stock peaked at nearly $25 Canadian. That was indeed a huge, huge move. And now today the short position is back to 18 million shares, which is ridiculous but it’s the highest short position in the First Majestic Silver’s history.
Interestingly, the price of silver went from $13.50 (U.S.) to around $21 in late July. But the price of First Majestic Silver went from a low of $2.40 (U.S.) to over $19 a share. You have to remember that is only with a little more than a $7 move in the price of silver. That was a pretty amazing move. So when we look forward to $25 or $30 silver, you will see some pretty interesting prices for First Majestic Silver.”
image: http://kingworldnews.com/wp-content/uploads/2016/03/King-World-News-Gerald-Celente-Issues-Trend-Forecast-For-Gold.jpg
King World News - Gerald Celente Issues Trend Forecast For Gold As Global Economy Falters
Neumeyer added: “Eric, we have also seen a very nice move in gold, even with the correction here, and I think this is a great opportunity for investors to take advantage of this down-move in gold and take a look at high-quality equities. One of those companies is First Mining Finance (symbol FF in Canada and FFMGF in the U.S.). I believe First Mining Finance has the best portfolio of development projects in the world. I don’t believe that the market fully understands what the company has achieved as a business.
The company has amassed 14 million ounces of gold in the ground with projects in great jurisdictions in the province of Ontario, Quebec, Newfoundland. If a major is looking for a portfolio of gold projects, this portfolio will make their mouth water looking at what First Mining Finance possesses. The company has about 25 projects throughout Mexico, the U.S. and Canada.
As I said earlier, it is probably the best assembly of projects in the world and the company’s share price is highly undervalued at current levels. At 68 cents a share (Canadian) we are talking about roughly $21 for every ounce of gold in the ground. And in a healthy market the price for gold in the ground should be priced at 3, 4 or 5 times that amount.”
Eric King: “Keith, where do you see the price of silver trading in 2017?”
image: http://kingworldnews.com/wp-content/uploads/2015/02/KWN-Maguire-I-2282015.jpg
King World News - James Turk - Silver's Huge Multi-Decade Base And 'Mammoth Cup & Handle'Price Of Silver To Soar By The End Of The Year And Into 2017
Keith Neumeyer: “I would never have believed that the price of silver would have traded down from $50 to $13.50 an ounce and it happened for all kinds of ridiculous reasons, from manipulation and short selling to sentiment and other things your guests have pointed out on King World News.
I projected the price of silver would end at $21 an ounce by the end of 2016. The price of silver hit $21 in July of this year, which was a fantastic move, and has since pulled back. This has positively impacted First Majestic Silver with cash flows that we haven’t seen for 5 or 6 years and our treasury is building every week — at new record highs — and our balance sheet is extremely strong.
But getting back to the price of silver and the fact that it hit $21 in July of this year, I wouldn’t be surprised to see $21 to $23 by the end of 2016. And while we have seen about a $100 move down in the price of gold in the last couple of days, the price of silver has pulled back but it has remained much stronger and I think that bodes very well for the price going forward. So I am expecting $25 – $30 silver in 2017.” ***Within hours KWN will be releasing Andrew Maguire’s powerful interview, where he discusses what to expect next after the gold and silver smash.
***ALSO JUST RELEASED: For People Who Are Worried About Druckenmiller Selling His Gold… CLICK HERE.
© 2015 by King World News®. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. However, linking directly to the articles is permitted and encouraged.
Read more at http://www.stockhouse.com/companies/bullboard?symbol=v.lio&postid=25450569#MHdwaAJ0DvxCo4vl.99
Robust PEA and Gold Price Sensitivity
Lion One is fully permitted to develop the low cost, high grade underground gold operation in Fiji. The current market cap is C$18 million, the project NPV is C$140 million, and our founder has sold his last three mining companies for an aggregate of $3 billion.
PEA Highlights (US$1,200 per oz. Au base case)
- Capital costs of US$48.6 million; 15 month pre-production schedule
- 1.5 year payback, IRR of 52% (after tax), NPV5% of US$86 million (after tax)
- 352,931 oz. gold production over first 7 years at average grade of 11.31 g/t gold
- Operating costs of US$567/oz Au | AISC costs of US$779/oz Au
FANTASTIC ARTICLE TODAY ON LION ONE AND MR. BERUKOFF
Looks like LION ONE will TRUMP all other GOLD PLAYS.....GOOD READ here boys and gals, here's the link to the original artilce as well as posted below.
www.peterdiekmeyer.com/161109.html
A Lion in Fiji: Berukoff touts buried gold, out of country
Despite recent pullbacks, junior miners, like Lion One Metals, have made big gains this year. Many provide surprising diversification characteristics and upside leverage to metal prices. But there are risks.
November 9, 2016
Walter Berukoff, CEO of Lion One Metals, illustrates in two sentences his fondness for precious metals. “My grandparents came here from Eastern Europe,” he explains. “What they brought with them was their gold.”
Berukoff’s grandparents weren’t alone. Decedents of slews of political and economic refugees relate similar experiences.
They explain in part Berukoff’s penchant for international opportunities, the latest of which is the Tuvatu gold play in the South Pacific Fiji island chain.
Despite recent pullbacks, junior mining stocks, like Lion One Metals, - which is up nearly 300% since January - have made big gains this year. Many provide surprising diversification characteristics and excellent upside leverage to price increases in the underlying metals.
Lion One Metals stock price. (LIO:CN)
“The value of paper money is disappearing and I own physical bullion.” says Berukoff. “I don’t keep it in a vulnerable place where governments can take control. That gold in the ground (Tuvatu) is my (money) in the bank.”
A Lion in Fiji: buried gold
Berukoff’s parallel between an undeveloped gold resource like Tuvatu, and metaphorical “buried gold,” is a useful one.
That’s particularly true for precious metals investors, for whom the collective memory of FDR’s seizure of Americans’ gold during the Great Depression – the country’s last period of “secular stagnation” - is forcing them to be increasingly creative in their hedging strategies.
Junior mining stocks, - despite recent pullbacks, - are thus emerging as increasingly popular diversification options.
GDXJ as at November 4th, 2016
Big opportunities: but not for everyone
Yet while junior mining stocks have excellent qualities, they are not for everyone. Fiji, for example, where Lion One Metals’ Tuvatu play is located, underwent a coup as recently as 2006. The situation has stabilized somewhat. Elections held in 2014 were reported by a multinational observer group to have been conducted fairly.
Yet while international investors fled the country in the wake of the coup, Berukoff headed straight there.
“I got the deposit for pennies on the dollar,” said Berukoff, who has done business in areas ranging from developed economies to trouble spots like Russia, Sudan, East Africa and Cuba. “Fiji has a long history as a British colony and a rule of law tradition. There is political risk anywhere you go. But I had a good feeling.”
Berukoff’s patience looks to be paying off.
During recent months Lion One Metals officials claim to have significantly de-risked Tuvatu, which is located adjacent to the Vatukoula gold mine, one of the oldest and best producing mines in the South Pacific.
In August Lion One Metals inked a memorandum of understanding with Ansteel-CapitalAsia, which would see the China-based player finance 80% of the capital expenditures needed to get the project up and running. In September Lion One Metals announced a $38 million private placement, by several large institutional investors, to help fund the rest.
Upside leverage to gold price increases
That said, starting up a gold mine, even a fully permitted one like Lion One Metals’ Tuvatu project, which is next door to a long-term producer, and thus can benefit from considerable existing road and other infrastructures, is no easy task. Input costs can go up, gold prices could fall, and even a minor official, who is slow to stamp the most mundane piece of paperwork, could prohibitively derail the process.
Experts thus say that when you buy stock in a junior mining firm, what you are really buying is not the asset itself, but the management team.
CEOs like Berukoff, who owns nearly 20% of Lion One Metals, and thus has “skin in the game,” are particularly prized, because – unlike the bonus-bumped “hired help” that runs the majors - they ride in the same car as shareholders.
Berukoff also has another asset prized by investors: strong hands-on experience in the sector. He was an early investor in a slew of projects and companies ranging from La Mancha, to Northern Orion and Miramar. “I do everything,” says Berukoff. “I put together my management team, talk to local officials, make sure we get power (electricity access is a major issue in much of the developing world) … I even go underground.”
In fact, even Berukoff’s most public challenge – his ill-fated investment in Leisure Canada, which sought to develop hotels and other properties in Cuba, - isn’t necessarily the setback it may appear to be. In fact one of the best predictors of entrepreneurial success… is a previous failure.
The good news, is that once first pouring approaches, juniors, - particularly those like Lion One Metals that don’t sell their production streams away – generally have strong upside leverage should the price of gold increase.
For example Lion One Metals officials project that the Tuvatu play will produce an internal rate of return of 52% if gold trades at USD $1,200 per ounce. However at USD $1,300 – an 8% increase – the company’s projected IRR rises to 62% - a 20% increase.
As if that was not enough, that upside leverage doesn’t include exploration opportunities on adjacent properties, which in the case of Lion One Metals, Berukoff believes are substantial.
Few good deposits being discovered
Whether Berukoff can keep the Tuvatu project moving forward remains to be seen. If he does, early investors, particularly those who participated in the company’s private placements and will thus generate increased upside from the warrants they were issued, will benefit big time.
Brent Cook, editor of Exploration Insights summarizes the stakes. “Very few deposits that are identified are eventually developed, due to costs, complexities and political hurdles,” says Cook. “That means you need access to a good independent assessment of the geology of a formation before you decide to invest. However there are few good deposits being discovered so the upside can be substantial.
LION Futures,,,Lon One metals
It seems like LION will have the strong hand in receiving the Navilawa tenement from Fiji's MRD. They're already there, they have good relationships with the government and the locals, and they're willing to put up a lot of money for exploration. They're also environmentally conscious in regards to lovely Fiji, which I've always appreciated about the company.
From the PEA ...."Previous exploration by Mincor had established significant potential for bonanza grade epithermal deposits similar to the Tuvatu style deposit at the Banana Creek, Tuvatu North, Kingston and Vatume Hill prospects." The latest news release lists a lot of others.
Of particular interest are the spectacular numbers from ore mined at the Kingston Mine 110 years ago and then 60 years ago.
It's reported that two shipments of ore were made, the initial shipment being 5 to 7 tons assaying 33% Cu and 85 g Au and 130 g silver per ton. The second shipment contained an unknown tonnage of ore averaging 40.6% Cu and 176 g of Au and 130 g of silver per ton. .
In 1952, one ton of selected ore containing 20.3 % Cu and 460.3 g of silver and 98.9 g of gold per ton was extracted. They mined that only 15 meters down....you gotta wonder whats beneath and around the old mine. (Vatakoula has been mined down to 8-900 meters)
The Ring of Fire's old volcanoes in the South Pacific that have gold, often have a great deal of it. (like little brother Vatakoula). We couldn't have a better guy than our director and chief geologist, Steven Mann, to sniff it out--he seems to have a nose for the yellow metal.
Jomaki Ridge. If they're right that extensions of Tuvatu's Upper Ridge lodes 1 and 2 could extend 1.5 km to Jomaki, that would really be something. Maybe Lion's first satelite mining operation?
Mineralization also extends along a north-south corridor aligning the Upper Ridges Lodes of Tuvatu with the Kingston Mine 2 km to the north.
(from their prospecting to God's inbox).
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We're now seeing the outlines of how Berukoff and company hope to show they have his best project ever. More power to them.
I think the next few years may be quite the ride for Lion owners.
Mission Statement:
Create a cash machine and build up a multi-million ounce gold resource.
Excellent News from LION ONE METALS
New Discovery Underway at the Jomaki Ridge Prospect
Tender Submitted for Adjoining Navilawa Tenement
Dewatering and Drilling Contractors Mobilized at Tuvatu
North Vancouver, B.C., October 12, 2016. Lion One Metals Limited (TSX-V: LIO) (ASX: LLO) (OTCQX: LOMLF) (FSX: LY1) (the “Company”) is pleased to announce that it has submitted a tender for the acquisition of the Navilawa tenement directly adjoining the Company’s 100% owned and fully permitted Tuvatu Gold Project, located on the island of Viti Levu in Fiji. The Company also announces that exploration on a new discovery is underway at the Jomaki Ridge Prospect inside the Tuvatu Mining Lease, and that dewatering and drilling contractors have been retained and mobilized for the next phase of development at Tuvatu.
Navilawa Tender
Fiji’s Mineral Resources Department (MRD) publically solicited expressions of interest for the new Navilawa tenement in July and August of 2016 after the lapse and expiry of the previous holder’s exploration license. The Navilawa tenement directly adjoins the northern boundary of Lion One’s tenements at Tuvatu, which if combined, would consolidate ownership of the entire Navilawa mineral complex under a +30,000 hectare exploration license package with Tuvatu’s 384.5 hectare Mining Lease (SML 62) and mining and processing operation, currently under development, at its center. The Company has submitted a tender for the Navilawa tenement with $15 million of initial exploration expenditures proposed over five years.
The Navilawa project area has at least 10 well defined prospects including the Kingston Mine, Banana Creek, and Tuvatu North. The most significant historic results returned were surface rock chip samples of 46.30 g/t Au from Banana Creek; 176.27 g/t Au from the Kingston Mine, and 8.50 g/t Au from Tuvatu North, where a rock chip sample was taken from just inside SPL 1296 and adjacent to the Tuvatu resource. Although little systematic historical exploration has been undertaken in the area, six of the prospects have historic workings with short shafts or adits up to 15 meters deep or manual workings on copper and gold bearing rocks as is the case at the Central Ridge prospect. Mapping, sampling and geophysics clearly demonstrates that the Tuvatu gold deposit extends north into the Navilawa tenement area.
On a macro scale there is mineralization evident from the Banana Creek prospect, well within the Navilawa tenement, all the way to the Jomaki Ridge Prospect at the south end of Lion One’s tenements, demonstrating a NE to SW extent of over 5.5 km. Mineralization also extends along a north-south corridor aligning the Upper Ridges Lodes of Tuvatu with the Kingston Mine 2 km to the north. Navilawa hosts a multi-phase monzonitic intrusive system exhibiting epithermal styles of mineralization, with some porphyry affinities. The MRD has advised that Lion One should be notified of the result of its tender proposal before the end of October 2016.
Jomaki Discovery
Exploration of a new discovery is underway at the Jomaki Ridge Prospect situated within SML 62, 1.50 km south-west of the planned processing plant site at Tuvatu. Lion One’s Fiji exploration team has discovered significant extensions of a pervasively altered and densely veined zone situated between the contact of volcanic units and the micro-monzonite intrusive. Visible gold has been detected at the surface and in some recently dug trenches. Trenching and sampling has begun to test outcrops and near-surface mineralization, with initial rock chip sampling returning results up to 125 g/t Au. An extensive NE-SW veinset at Jomaki Ridge is cross cut by additional NS veins which are thought to be extensions of the UR1 and UR 2 Lodes already recognized at Tuvatu. Further sampling results are expected by late October, with 183 samples already dispatched to Townsville, Qld. for analysis, and will be followed by more samples collected from the extensive trenching program across the width and strike length of the mineralized zone currently underway.
Dewatering, Decline, Drilling
The Company also reports that its prime contractors and suppliers have been retained and equipment has been purchased for dewatering, drilling, and rehabilitation of the existing decline. A new diesel powered pumping station has been delivered and is scheduled to become operational in late October. Based on prior testing, the Company estimates that less than 30 days of pumping will be required to dewater past the Core Shed Fault, 150 meters inside the decline. The Company plans to have diamond drill rigs operating on surface by late October and underground by late November, to focus on numerous infill and extensional targets of the existing mineralized lodes at Tuvatu.
Comparable?
I've been looking for a comparable mining company and the Gold Resource Cor, GORO, may be one.
Its been a producing gold and silver mine in Mexico for six years, ( base metal credits also). with an AISC cost of $916 vs Lion's projected cost of under $800.00. They have some other quite promising exploration properties in Mexico and Nevada.
They paid off their Capex in a short period of time as LIO is expected to do. Their proven resources of AuEq ounces at the mine is about 200,000 oz with perhaps another 30 % in base metal equivalents making it somewhat less than Lion's starter mine. Their AuEq gold grade of 5.31 g/t is much smaller than LIO's projected grade.
GORO is a good company. One reason I like the cut of their jib is that they've paid out more than $100 million in dividends, redeemable in gold or silver, (which I'm hoping will be in our company's future).
Their share count is a tight 63 million, though the important number is their market cap of CA $500 million vs Lion's of $100 million.
Although I'm biased , of course, I see more upside for LION.
http://www.goldresourcecorp.com/content/grc-presentation.pdf
Septehttps://www.liononemetals.com/assets/docs/lio-september-2016.pdfmber 2016 Presentation
Our Strategic Objective: Create a cash machine and build up a multi-million ounce gold resource. (Hear, Hear!!)
Build ROM stockpile using existing decline to access year 1 stopes; • Extract 86,000 tonnes @ 10.40 g/t for 25,000 oz. Au at cost of US$47.52 per tonne; • Drive 2nd decline from plant site portal.
A high grade, low cost underground gold project with over $50M previous development, de-risking, and sunk costs.
Short 18 month construction schedule and 16 month payback on capital; US$100 million cash flow through year 3.
$38.2 Million Institutional Private Placement -
Major Shareholders: • Donald Smith & Co. 14% • Franklin Gold and Precious Metals Fund 9.9% • JP Morgan Gold Fund 5.88% • MacKenzie Financial 2.8% • Walter H. Berukoff 22%
(some major investors , these)
Ansteel-CapitalAsia EPC MOU Signed for Construction of Tuvatu Gold Project US$45-55 Million Total Project Value EPC Includes up to 80% Vendor Financing. Ansteel: Global Fortune 500 Corporation in 2015
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Investors
"Donald Smith & Co., Inc. is a deep-value manager employing a strict bottom-up approach."
"Our process begins with quantitative screening to identify low price-to-tangible book value investment opportunities. Within this universe we conduct intensive fundamental research to identify which stocks have the greatest potential for outperformance."
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The current share price is equal now to the financing price. These major investors didn't put in all that money with the idea that they won't show appreciation.
Also in the presentation they copy an Ivanoe Mines report from 1997:
Emperor has identified a significant resource at Tuvatu, also located on the island of Viti Levu, where operations are expected to begin as early as 1999 at a capacity of more than 100,000 ounces of gold a year.
Looks like a sweet deal for shareholders.
Private placement with a company that also wants to expand the infrastructure of Fiji.
A perfect fit, nice job Wally!!
http://www.kitco.com/pr/2692/article_08292016111300.pdf
Dear Lion One Subscriber,
The Company announces MOU for EPC Contract and Vendor Financing with Ansteel-CapitalAsia for construction of the 100% owned and fully permitted Tuvatu Gold Project in Fiji.
The scope of the EPC contract covers the design, construction, start-up testing, and commissioning of the Tuvatu gold processing plant. Ansteel will also furnish all materials, equipment, machinery, tools and consumables, provide quality control and administration, and will develop the Project Health and Safety Plan at the Project Site. In addition to the EPC Contract, Ansteel will also provide vendor financing for up to 80% of the anticipated value of the EPC Contract in the form of a Deferred Payment Amount of approximately US$39,000,000-$44,000,000. The Company will fund a minimum of US$10,000,000 or approximately 20% of the anticipated value of the EPC Contract. The Deferred Payment will be a senior secured obligation of the Company guaranteed by the Company’s assets, to be serviced through a Deferred Payment Plan with 7% annual interest payable in quarterly installments. In connection with the Down Payment, Lion Onewill issue, subject to TSX-V approval, warrants in the amount of approximately 10% of the Loan Facility at a price of $1.42 per share for a period extending to the maturity date of the earlier of the final scheduled payment under the Deferred Payment Plan or 5 years from closing. Early repayment of the Deferred Payment Amount may occur any time without charge.
Click here to view today’s complete news release on the Lion One website.
For more information on Lion One and Fiji Gold please click on the following links:
Fiji Gold | Tuvatu | News Releases | Investor Info
Financing---hear tell within a couple of weeks, (Take with salt)
If share count stays at 100 mill or lower, the SP should have a good revaluation. MC now at $44 mill US, which is probably around what Emperor and LIO has already spent on Tuvatu.
I can see it at MC of $100 mill pretty readily, and pretty soon.
Bonne Chance
Today was high volume for LOMLF
We are overdue for a press release and this little spike of interest could mean news is on the way.
Rumor has it--rumor only-- that the financing will come out soon--very favorably.
Gather your shares while ye may.
Now at $43 million US market cap, seems like a steal on my end.
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