While many juniors find current market conditions difficult to bear, Lion One Metals (LIO-V) is brimming with optimism and bracing itself for a bountiful year.
Such bullishness can be attributed to the company’s enviable position amongst juniors: not only does it have a highly prospective project in the heart of elephant country, but it also has the cash it needs to push ahead on exploration and development without having to worry about turning to fickle markets.
Lion One’s flagship project is its wholly owned Tuvatu gold property in Fiji, and while it is early days, the company’s CEO Walter Berukoff is confident that the caldera the property covers will yield the kind of mega ounces that other calderas in the South Pacific have brought forth over the years.
The project was acquired by Berukoff’s Red Lion Management back in 2007 in a deal that also included the Vatukoula gold mine, which has been a producer for 70 years.
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