Company Updates From Management – Wed 20 Jan, 2021

Lion One Metals – Recapping the recent high grade gold results and ongoing exploration strategy

On Tuesday, Lion One Metals (TSX.V:LIO – OTCQX:LOMLF) released 2 drill hole results, 1 deep and 1 shallow, from the Tuvatu Project in Fiji. To provide more information on the results I am joined by Quinton Hennigh, Technical Advisor for Lion One Metals. We discuss the high grade results balanced with the narrow widths and how this could all play into a mining scenario.

If you have any follow up questions regarding Lion One Metals please email me at Fleck@kereport.com.

Click here to visit the Lion One Metals website and read over the drill results news release.


Comments:
  1. On January 20, 2021 at 10:12 am,
    bonzo says:

    Yesterday I bought AUCUF@.31 and today I bought more USAS@2.68 and IRVRF@1.60
    Biden should take gold to 8K and silver to 200.

    • On January 20, 2021 at 11:14 am,
      bonzo says:

      My order to buy BBBXF@.17 just filled.

  2. On January 20, 2021 at 2:02 pm,
    Excelsior says:

    Thanks guys for the update on Lion One Metals. I’m a happy shareholder, and still believe that going deep in that alkaline system could prove up a monster deposit over time. LIO already has plenty to get into gold production and grow organically, but Tuvatu could end up developing into one of the largest undeveloped gold deposits from the existing crop of Gold developers. It will be fascinating to watch this project grow in width as well as depth as they have the whole caldera to explore.

    As the ounces in the ground continue to grow, the value of Lion One will grow, and I’m sure the big boy producers are also watching with keen interest. Every other significant large alkaline deposit of size has been scooped up by the Senior producers, so if LIO can develop their resource to a fraction of those larger deposits, I’m sure they’ll be on the takeover menu. (for the record, I hope that is still a ways off and that the team at Lion One have a long enough runway to keep expanding the resource with the drill bit, before any of the big boys pick them off).

    • On January 20, 2021 at 2:45 pm,
      bonzo says:

      Ex, I think you are right about LOMLF and own a lot of it. Do you own FURY, BBBXF, AUCUF, and NKOSF? I hope NUG.V will find an elephant.

      • On January 20, 2021 at 3:14 pm,
        Excelsior says:

        Hi bonzon. I own Fury Gold, but not Inflection Resources or Labrador.

        As for Brixton, I sold my position into the mining froth last Summer near the highs, but then made the error in judgement of getting back positions in it in the latter part of last year, and sold it December as a tax loss, only retaining a tiny tracking position in it. That tracking position confirmed I was glad to have sold it as it has only fallen in price even further and lagged most of the other Silver & Gold explorers and developers for the last 6 months. Now, I’m past the holding period, and free to buy it back, so I’m considering adding my position back in Brixton tomorrow or Friday, as it is at a much better value proposition at today’s low prices. It has more of an opportunity to rerate higher now than other stocks that have already run much harder, but they didn’t get as much love as hoped for on their Copper exploration at Thorn. Still, buying today like you did is a very good area to accumulate IMO.

        As for Nulegacy I don’t own it either.

        • On January 20, 2021 at 3:16 pm,
          Excelsior says:

          bonzon = bonzo (sorry about the type o)

          Let me make it up to you by posting this 8 second clip of the team mining at Novo Resources:

          https://cdn-ceo-ca.s3.amazonaws.com/1g0h1kr-IMG_0123.mov here is the movie

          • On January 20, 2021 at 3:29 pm,
            Excelsior says:

            As for the companies where Quinton is offering technical consultation, my positions are in Lion One, Precipitate Gold, Novo Resources, Goliath Resources, and Defiance Silver.

            It is nice to see new life breathed back into Defiance Silver, and it’s been on a tear lately.

          • On January 20, 2021 at 3:32 pm,
            Excelsior says:

            The company where Quinton is involved that I most regret not getting into when it popped on my radar is Eloro Resources. Boy that ELO has just been in absolute beast mode going higher and higher. Impressive!

          • On January 20, 2021 at 4:14 pm,
            Excelsior says:

            (DEF) (DNCVF) Defiance Silver Corporate Presentation – January 2021

            https://www.defiancesilver.com/assets/docs/presentations/2021-01-19-CP-DEF.pdf

          • On January 20, 2021 at 4:17 pm,
            Excelsior says:
          • On January 20, 2021 at 4:20 pm,
            Excelsior says:
          • On January 20, 2021 at 4:21 pm,
            Excelsior says:

            (ELO) (ELRRF) Eloro Resources Corporate Presentation:

            https://elororesources.com/site/assets/files/3620/presentation-jan-2021.pdf

          • On January 20, 2021 at 4:33 pm,
            bonzo says:

            Hi Ex, fortunately I did buy Eloro last summer, but my ELRRF and CNRIF have done even better than ELO.v. I also own Precipitate, Fury, Novo, Irving, Aurania, NFGFF, Kuya, Timberline, CBGZF, and Tristar, etc. Also White Gold, Banyan, White Rock, and 3 dozen more. Maybe you should look at NULGF while it is still under a dime as Quinton thinks it might be as big as Betze-Post. Let it be!

          • On January 20, 2021 at 4:40 pm,
            Excelsior says:

            Bonzo – ELO is Eloro so it is the same as ELRRF (which is just the OTC for Eloro). Did the OTC outperform the main ticker over the last year?

            Yes, I need to relook at Nulegacy, but am already stocked up on Nevada gold plays in the portfolio.

          • On January 20, 2021 at 4:42 pm,
            bonzo says:

            Ex, I meant to say that my ESKYF has done much better than my ELO.v, but I am hoping that my NULGF does much better than my ESKYF.

          • On January 20, 2021 at 4:45 pm,
            Excelsior says:

            Oh, well yes, Eskay Mining has just had an absolute rocket ride higher, and has had fantastic exploration success, but I do question the current market cap of $269 million at this earlier stage, which is more than many producers actually pulling the metal out of the ground. Still Eskay has been a true success story, and I congratulate you on the great investment.

            Ever Upward!

        • On January 21, 2021 at 12:15 am,
          Excelsior says:

          Bonzo – you had also mentioned Fury Gold, and so I’m sure you also hold shares like I do in the yet-to-be-listed Tier One Silver (one of the 2 spin out companies).

          There was a very good overview of their direction and expected newsflow from this recent virtual Cambridge House event.

          _______________________________________

          The 2021 VRIC: Mining investing, Silver stocks, Gold stocks, Copper stocks & Uranium stocks for 2021

          Cambridge House International Inc. – Jan 18, 2021 (start at 52 min 22 sec mark)

          https://youtu.be/Qnm0DoManiM?t=3143

          • On January 21, 2021 at 7:35 am,
            bonzo says:

            Ex, thanks for the interview with Ivan. Can’t wait to see what Sombrero and Tier 1 will sell for when the start trading. I may buy more FURY today.

          • On January 21, 2021 at 7:55 am,
            Excelsior says:

            Ditto bonzo.

    • On January 20, 2021 at 4:10 pm,
      Excelsior says:
      • On January 20, 2021 at 4:58 pm,
        Dick Tracy says:
        • On January 20, 2021 at 6:00 pm,
          Excelsior says:

          Thanks for the heads up DT. Do you own Kore Mining? I’ve been considering it for some time, but only follow it from afar. That is interesting about them spinning out the assets into Karus Gold, and appreciate you posting that for the heads up.

          • On January 20, 2021 at 6:54 pm,
            Dick Tracy says:

            Hi Ex, I don’t own Kore Mining but I thought you might be interested. It’s one those stocks that I’ve heard about through their affiliation with Eric but I haven’t followed. DT

          • On January 20, 2021 at 8:17 pm,
            Excelsior says:

            Roger that DT. I have considered it a few times and have it with about a dozen other gold companies to track that are not part of my portfolio, but haven’t ever pulled the trigger as I’m way over-allocated to gold stocks as it is. I love a good spin-out opportunity though, so the time for me to get positioned may have arrived.

  3. On January 20, 2021 at 6:29 pm,
    Excelsior says:

    (MQR) Monarch Gold Receives Final Court Approval for the Plan of Arrangement With (AUY) Yamana Gold

    @newswire on 20 Jan 2021

    https://ceo.ca/@newswire/monarch-gold-receives-final-court-approval-for-the

  4. On January 20, 2021 at 8:25 pm,
    Excelsior says:

    Resource Investing in 2021 with Rick Rule

    MiningStockEducation – Jan 20, 2021

    0:15 Recent events in U.S. affect Sprott’s view on how investors should plan for 2021?
    4:54 Rick’s take on “The Great Reset”
    7:21 How instrumental are your geologists to assessing early-stage exploration plays?
    10:24 A.I. in exploration
    11:59 Sustainable breakout in lithium miners now?
    13:14 Green energy
    15:01 Narrative & niche metals
    16:57 What Sprott lending requires re: hedging for a CAPEX loan?
    19:35 Sprott Inc. catalysts
    21:12 Sprott Symposium virtual in 2021?

    https://youtu.be/MwV43iMdT2k

    • On January 20, 2021 at 9:28 pm,
      Excelsior says:

      This disruptive tech will transform every industry says O’Leary’s right-hand man (Pt. 2/2)

      Kitco News – Jan 20, 2021

      The future is already here, and that lies in artificial intelligence, said Alex Kenjeev, president of O’Leary Ventures.

      “Pick your sector, and you can start to see how artificial intelligence is going to transform it,” Kenjeev said. “My favorite is healthcare. You just think about the potential…in the future, and not the distant future, in the near-term future you’ll be able to go see a registered nurse and she or he will have an artificial device of some sort and that device will do a significantly better and more accurate job diagnosing you.”

      0:00 – The new “pandemic” economy
      4:50 – Tech startups
      8:10 – Is the tech sector overvalued?
      11:40 – The next transformative technology
      14:53 – Universal basic income
      16:39 – How startups should pitch to investors

      https://youtu.be/8QKUsf-STfE

  5. On January 20, 2021 at 9:33 pm,
    Excelsior says:

    Silver To Outperform Gold This Year Says Darren Blasutti; How miner (USAS) (USA) Americas Gold and Silver will double production

    Kitco News – Jan 19, 2021

    Silver is expected to perform better than gold for the near to medium-term, and Americas Gold and Silver’s production strategy will evolve around this thesis, said CEO Darren Blasutti.

    “I think silver is going to outperform gold this year and for the next couple of years. I’m bullish on gold too by the way, but we’ve had a really nice run on gold, I think there’s still a ways to go on silver. I think industrial demand on the silver side gives you a little more torque,” Blasutti said.

    0:00 – Company performance in 2020
    6:13 – Relief Canyon goes into production
    12:08 – Future plans for capital expenditures
    14:01 – Capital raising for the industry
    17:08 – Silver vs gold
    18:53 – M&A outlook

    https://youtu.be/m5QSvye1Yf4

    • On January 20, 2021 at 9:37 pm,
      Excelsior says:

      Gold & Silver Price Update + US Dollar Collapse

      iGold Advisor – Christopher Aaron – January 20, 2021

      https://youtu.be/Y91dZex2OJg

      • On January 20, 2021 at 10:03 pm,
        Excelsior says:

        Here’s a good chart from Goldfinger with a bullish flag on the Gold in Euro’s chart:

        ____________________

        @Goldfinger – “We are always focused on the US dollar gold price, but the eurozone actually dwarfs the US in population and is extremely close on total GDP.”

        “#Gold in euro terms shows a bullish flag consolidation on the monthly chart as price continues to consolidate above the previous all-time high from 2011-2012”

        https://cdn-ceo-ca.s3.amazonaws.com/1g0hjm5-Gold%20Euro%20Monthly%201.20.2021.png

  6. On January 20, 2021 at 10:42 pm,
    Excelsior says:

    Two Centuries Of National Debt In One Year: Putting 2020 In Perspective

    January 17, 2021 – Daniel R. Amerman

    https://goldseek.com/article/two-centuries-national-debt-one-year-putting-2020-perspective

    • On January 20, 2021 at 11:20 pm,
      Excelsior says:

      Fed Gone Wild: This Is a War of the Financial Worlds Warns Ex-Goldman Sachs MD

      Stansberry Research – January 20, 2021

      “We are living in a financial war of the worlds, this according to best-selling author and former Goldman Sachs Managing Director Nomi Prins. In this interview with our Daniela Cambone, Prins explains that the Federal Reserve has been overstepping its boundaries since 2008. The question is, can it be tamed and how? The former banker also weighs in on the recent bitcoin clampdown from HSBC and other regulatory bodies.”

      https://youtu.be/pDwxHW9xmPA

  7. On January 20, 2021 at 10:46 pm,
    Excelsior says:

    President Biden To Boost US Mining, Green #EnergyMetals

    Cecilia Jamasmie | January 20, 2021

    “Biden has said he’d back bipartisan efforts to foster a domestic supply chain for Lithium, Copper, Rare Earths, Nickel and other strategic materials that the US imports from China and other countries.”

    https://www.mining.com/president-biden-to-boost-us-mining-green-energy-metals/

  8. On January 20, 2021 at 10:50 pm,
    Excelsior says:

    How Long Will This Gold Bull Run Last?

    Nelson Bennett – Business in Vancouver | January 20, 2021

    “When gold prices go up 1%, gold company stock can rise 3% to 5%. An 11% increase in gold prices can translate into 30% more cash flow for the companies that produce the gold, according to Imaru Casanova, deputy portfolio manager for VanEck investment management company.”

    “So with gold prices breaking records in 2020, one would assume that investors were buying up a lot of gold mining stock.”

    “That hasn’t necessarily been the case during the current gold bull market, which Casanova predicted could run for a few more years, with gold prices hitting $3,000 per ounce or more.”

    ““The gold mining sector that we have today looks very different from the sector we had during the last bull market” Casanova said. “So we’re optimistic and bullish on the outlook of the gold miners, not just because of the higher gold price environment, but also the shape these companies are in.”

    https://www.mining.com/how-long-will-this-gold-bull-run-last/

  9. On January 21, 2021 at 12:18 am,
    Dick Tracy says:

    Hi Ex, there is a global coal boom going on but not in the west, they have signed on to the Paris Climate Accord. I thought you might find this article interesting because China, India, and Africa are busy building coal fired power plants, maybe it is time to look into coal stocks remember the contrarian dream that caught me unawares. Seriously! DT

    https://financialpost.com/opinion/terence-corcoran-tiny-keystone-vs-the-global-coal-boom

    • On January 21, 2021 at 1:04 am,
      Excelsior says:

      Thanks for the heads up DT. Overall I’m not a huge fan of coal, and haven’t invested directly in coal, but as mentioned when you had your dream, I’d be fine with a base metals & energy royalty company (like Altius, Anglo Pacific, Morien), where the company may have royalties on coal production, along-side uranium, copper, nickel, silver, gold, oil etc…

      That’s the only interest I have in it, although admittedly, it may be the most hated energy asset and potentially an interesting contrarian play for a bit longer as the demand will still be there, but the supply is getting more constrained.

      Good luck to you, and dare to dream big!

      I’m much more active in the uranium sector, and believe the small modular reactors represent a more compelling opportunity. Also there are still big trends evolving in the antithesis of coal with clean energy, although, solar/wind/hydro aren’t as green or clean as many present them to be.

      • On January 21, 2021 at 3:49 am,
        Wolfster says:

        Hey Ex. Since you’re a royalty fan and uranium fan,have you looked at uranium royalty at all???

        • On January 21, 2021 at 8:12 am,
          Excelsior says:

          Hi Wolfster – Yes, I’ve looked at URC but haven’t pulled the trigger yet. They have been pumped by Katusa and Rick Rule since its got some of the UEC guys on the board & management (like Amir Adnani & Scott Melbye). They have the big asset with Yellow Cake (the Kazakhstan public company), and also have a few different royalties with UEC, along with Paladin, Laramide, Azarga, Peninsula, and a development project at Energy Fuels.

          It’s an interesting assortment of development stage assets, and longer term they may keep consolidating more royalties, so I may jump in, but wanted to get my individual mining companies in place first, as I believe they have the potential to outperform.

          As for other U vehicles, I’ve been vocally against the ETF (URA) for some time as a bad proxy to the U miners, because they put in Gold, Base Metals, and Manufacturing companies (although over time the portfolio of assets and weighting has improved some). However, that newer ETF (URNM) Northshore Global Uranium Mining ETF has a much better basket of Uranium companies, better weightings, and is well done, so I may pick up some URNM as another iron in the fire on the Uranium sector.