Lion One Metals Ltd (LOMLF)

[simon1707]

@CTOIVO

I think the PEA will come by mid-June... someone stated here that the IR said it takes a bit more longer then expected... might be beginning of June... if they said that, I assume it's gonna be in June! I just hope it won't be end of June... it's freaking summer and everybody is in vacation... so I hope they can issue that pretty quickly!

I think you did the calculation once on this forum... but let's assume a 8,46 g/t... if they have a mill that can run 600 tons a day, let's say they are working hard for a total of 300 days... that would give us around 53 000 onces in a year... approximatively 6 years with the proven ressource and almost an extra 9 years with the inferred ressource and that without any increase of the ressource at all...

Now let's assume a low cost per once of 700$ to produce it... we are talking between 25-27 million $ of pure profit short short term... Like I told you, market should move in advance on those estimates...I understand that part of this profit might be use to explore potential spots on the property... but we are only talking about the tip of the iceberg here... if it's a porphyry you can multiply that ressource multiple time easily...

I hope Coffin is right saying this can be valued at a 100 million $ as soon as the PEA is out if it shows good numbers... and I hope it will...

Now, how much can a major pay? How much is Walter willing to sell for? That is the question... but if I am a big company with deep pocket, that is a play I want to buy sooner then later and save few 100 millions easily!

Time will tell... I really hope the PEA gets out soon!