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carswell



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Msg  31046 of 37385  at  7/5/2012 12:18:29 AM  by

carswell


Lundin says buy Lion One Metals

 

Lundin says buy Lion One Metals

2012-05-29 19:13 ET - In the News

Brien Lundin, in the May, 2012, edition of the Gold Newsletter, says buy Lion One Metals Ltd. (formerly X-Tal Minerals Corp.), recently 76 cents. Mr. Lundin said buy in December, 2010, at $1.35 and again in August, 2011, at $1.21. Assuming a $1,000 investment for each buy, the $2,000 position is now worth $1,190. Lion One owns the Tuvatu gold project in Fiji, near the 11-million-ounce Vatukoula mine. Mr. Lundin says Tuvatu and Vatukoula have the same gravity signature and the same geological evidence indicating the presence of high-grade gold. He notes Tuvatu lies on the Pacific Ocean's Ring of Fire, which hosts world-class gold projects. Lion One has $18-million of cash, no debt and a $30.35-million market cap. The editor says $30.35-million does not reflect the huge potential of the Tuvatu project. The company hopes Tuvatu contains a large, open-pittable, high-grade porphyry system. Mr. Lundin says little work is needed to bring Tuvatu to production, because previous owners have already completed 60,000 metres of core drilling, as well as a feasibility study. He says Lion One must simply substitute today's gold prices to update the feasibility study. Buy the stock for its near-term potential.



 
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