Lion One Metals Ltd (LOMLF)

[ctoivo]

Very good numbers

The numbers were good but it was a conservative PEA. They have another 400,000 inferred ounces they didn't emphasize, and I wish they would have touted the exploration potential more. This will be an explore by mining type of operation. Anyone that has studied this mine will see the great liklihood of a much longer mine life and a much greater amount of gold that will be mined. (More longevity will lower the AISC costs too).
The ability to produce 91,000 ounces in year two is very impressive as is the short pay back period. Once they start mining, exploring, and turning inferred into indicated, they likely will sustain a high rate of production for many years past the mine life stated in the report.
I was surprised they put in only $4.89 per ounce for exploration when it should be much more, particularly in the next couple of years. (Its time to drill down to and past that 4 meters of 8 ounce per ton gold.)
This PEA doesn't give investors a picture of the true potential of LION. Management now needs to aggressively follow through with futher explanation of their plans and the true blue sky possibilities of this operation. A conference call with stake holders and would-be investors would be a great place to start.

Time to market and mine--the future indeed, looks 'robust' and bright and the word needs to be spread.