Kootenay Silver

fast track exploration - Canada & Mexico Promontorio Silver Project - mineral rich Sierra Madre trend of Mexico.

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over 9 years ago

Hi all,

just a short note to advise that I have just started a new hub Lion One Metals Ltd (http://agoracom.com/ir/LionOneMetals ). They have a high-grade gold deposit in Fiji. Although the resource is small in size there is a lot of upside exploration potential. Their recent PEA (5/31/2015) was quite robust (AFTER-Tax IRR of 53% using a base case gold price of $1200 US/ oz) with CAPEX expectected to be under $50 million. Project is fully permitted. Decently tight share structure (<65 million ) and management has a lot of skin in the game (~33% insider ownership) . Deep board in terms of prior mine development experience. ~ $5million in the kitty.

Disclosure: I only recently took a position in the comapny at ~$0.50.

I will not be posting about this company on this hub again.

Cheers,

Luker