17:48:29 EDT Thu 25 Apr 2024
Enter Symbol
or Name
USA
CA



Lion One Metals Ltd
Symbol LIO
Shares Issued 60,175,608
Close 2015-10-01 C$ 0.29
Market Cap C$ 17,450,926
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Kwantes refreshes Lion One Metals buy

2015-10-02 21:25 ET - In the News

James Kwantes, in the Sept. 22, 2015, edition of Resource Opportunities, refreshes his buy of Wally Berukoff's Lion One Metals Ltd., recently 30.5 cents. Mr. Kwantes said buy on May 18, 2015, at 49.5 cents, and a previous editor of the newsletter, Lawrence Roulston, said buy four times from July 27, 2011, to Aug. 26, 2014, at prices ranging from 41 cents to $1.23. A $1,000 investment for each of the five buys would now be worth $2,396. Lion One is trying to find enough money to build a mine at its high-grade Tuvatu gold project in Fiji. The capital cost will be small, about $50-million (U.S.), and the project already has permits, points out Mr. Kwantes. He adds that a recent preliminary economic assessment showed a 1.5-year payback on capital and an after-tax internal rate of return of 52 per cent. Founder, chairman and chief executive officer Berukoff seems confident, having bought 50,337 shares at 29 cents on Sept. 17. He already owns more than one-third of Lion One's outstanding shares. Although no one else seems to be buying the stock, Mr. Kwantes reckons that this lack of interest "offers speculators the chance to buy shares alongside the founder and chairman, the executive who will be lining up the financing."

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