Another breakout for Lion One Metals after excelent drill resultA lot of gold with the drill results
Also their production is ramping up this year from 300tpd to 600tpd
LIO trade ideas
Lion One Metals doing the zigzag 0.41 target GOLD PRODUCERLion One Metals doing the zigzag 0.41 target GOLD PRODUCER
This producers will aim at 500 tonnes per day crushing in 2025
When each tonne deliver 3gr + gold => 1500 gram => 50 ounce worth a day.
With each ounce at a 2800+ this money machine is in the top league of gold producers.
50% is their margin and dilution has taken place, hence the low entry
From 0.3 -> 0.4 = 25% return in a short amount of time 1-3 months for speculators
SPECULATION A PROFITABLE PROFESSION
EHMAC
A decade of gold is coming up.Lion One is THE Fuji miner, nowhere in the world higher grades.
This should be valued as a B2Gold @ 2.00 instead of 0.36
Ready to bouncePatience with this junior is about to be rewarded. RSI bottomed, and bouncing off lower trend line.
Near term (as a trader), I predict similar explosive price action like May '22 or Dec '19 (overlaid here) - which interestingly would get us a topside breakout (and retest) from the pennant formation its in now. Or maybe we continue to bounce around in this pennant thru next summer.
As an investor, imagine what the share price will be for this Fiji jurisdiction miner when gold *finally* rallies above $2,500 and it becomes obvious that their Tuvatu project has 1M+ ounces of shallow depth, high (to bonanza) grade Au ?! That's a ride I want to be on :) Sure, lots of juniors will do well during the next gold bull run, but few like this!
backtest completecould be a completed backtest after a strong burst past the 3 month resistance line.
