Sunday, September 18, 2016 10:54:05 PM
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.
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