Veteran Precious Metals Newsletter Writer Brien Lundin Reveals His Next Picks and Lion One Metals is featured. See below for an excerpt:
The Gold Report: Would you tell us about some companies that you are excited about?
Brien Lundin: One area that’s particularly interesting to me is Fiji. It’s not known for its geological potential, but in fact for over 100 years it’s been known as a premier mining destination with some large-scale discoveries. At the present time, though, there are only two junior companies that are really well-positioned for investors to take advantage of this relatively new frontier in modern day mining exploration.
The one that was first really in Fiji and is most advanced, is Lion One Metals Limited (LIO:TSX.V). It has the Tuvatu deposit, which is a high-grade, underground deposit that currently has about 750,000 ounces (750 Koz) in all resource categories. The key with Lion One is that it is rapidly advancing toward production, actually building that mine on its own. It is not in a joint venture with anyone. It is advancing toward production because it has a very adequate resource base to begin production.
That said, it also boasts tremendous exploration potential. It has not found the boundaries of the mineralization in that deposit. It’s open in all directions and at depth. In addition, it has considerable land holdings in outlying targets it has yet to explore. So there’s tremendous upside potential for Lion One.
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source: Streetwise Reports