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Lion One recently announced aggressive plans to explore its recently consolidated property, with the aim of demonstrating its potential to host an expansive alkaline epithermal gold system, analogous to the nearby Vatukoula (7Moz Au) deposit. The company is back-stopped by the robust, high grade (739Koz at 9.5 g/t Au) Tuvatu gold project in Fiji, which steadily continues to be advanced to production.
We are revising our valuation to better reflect the significant potential we think could be revealed as drilling ramps-up.
We recently took the time to dig deeper into Lion One Metals Ltd. (TSXV:LIO, $0.54) and are publishing our initial estimates. We came to the conclusion
that Lion One is an undervalued gold developer on the path to production and we believe it currently trades at a discount based on the current project
plus there is substantial exploration upside that could be game-changing for the company and its share price. Key reasons we like Lion One:
Lion One has entered into an indicative term sheet with Sinosteel Equipment & Engineering Co. Ltd. of China and Baiyin International Investment Ltd to secure debt Financing for construction of its high-grade Tuvatu Gold Project in Fiji.
Recently, we visited Lion One’s Tuvatu Gold Project in Fiji and were generally impressed with this permitted high-grade project.
Red Cloud Klondike Strike Inc. is registered as an Exempt Market Dealer (EMD) in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, New Brunswick, Nova Scotia, Prince Edward Island, Newfoundland & Labrador, and Yukon.
Red Cloud Klondike Strike Inc. connects mining companies with suitable investors that qualify under available regulatory exemptions. For example, in Canada, according to National Instrument 45-106, Prospectus and Registration Exemptions. Similar laws and regulations apply in other jurisdictions. Companies presented on this website are considered to be highly speculative and, as such, are suitable only for purchasers who can tolerate the highest level of risk including the loss of their entire investment.
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