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Analyst Says Mining Junior Well Positioned To Ride Out Gold Bear Market

Source: Felix Shafigullin   09/14/2022

The company has numerous elements working in its favor, including a fully permitted gold project only…

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This article was originally published by Streetwise Reports

Source: Felix Shafigullin   09/14/2022

The company has numerous elements working in its favor, including a fully permitted gold project only 12 months away from initial production, noted an Eight Capital report.

Lion One Metals Ltd. (LIO:TSX.V; LOMLF:OTCQX; LLO:ASX; LY1:FSE) is well-poised to endure the current gold bear market and emerge from it stronger, Eight Capital purported in a September 12, 2022 equity research note.

Also, Eight capital highlighted that Lion One has an entirely permitted gold project only 12 months away from the first production. That, along with the deposit being open along multiple feeder structures, makes Tuvatu stand out among all of the gold exploration projects in Eight Capital’s coverage universe.

 

 

 

 

 

 

To its benefit, the Canadian explorer boasts a “unique combination of strengths, including a high-grade ore body, plenty of upside resource potential, proven management, good jurisdictional exposure, and a visible path to production,” wrote Eight Capital, which has a Buy rating and CA$3 per share target price on the company.

Also, Eight capital highlighted that Lion One has an entirely permitted gold project only 12 months away from the first production. That, along with the deposit being open along multiple feeder structures, makes Tuvatu stand out among all of the gold exploration projects in Eight Capital’s coverage universe.

The junior gold miner continues to advance Tuvatu by taking three tacks. One is to conduct expansion drilling to gain a better understanding of the deposit’s feeder structures. Another is to carry out infill drilling in advance of the upcoming resource update (expected in late 2022-early 2023). The third is to test regional targets in the Navilawa Caldera.

“Lion One’s management also sees the potential to realize an early cash flow opportunity at Tuvatu by building a 300 ton per day pilot milling facility and starting to mine while continuing to learn about the Tuvatu ore body,” Eight Capital noted. Then after production commences, the company would expand it to 500 tons per day.

A final noteworthy fact about Lion One, Eight Capital pointed out, is it outperformed its peers thus far in 2022, down only 2% year to date versus their 31%.

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1) Doresa Banning wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.

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Disclosures For Eight Capital Equity Research, Lion One Metals Limited, September 12, 2022

This research report (as defined in IIROC Rule 3400) is issued and approved for distribution in Canada by Eight Capital. Eight Capital accepts responsibility for the dissemination of this report. Non-client recipients of the research report should not rely solely on the investment recommendations contained herein and should consult their own professional advisors. Eight Capital will not treat any non-client receiving this report as its own. Institutional clients who require additional information on securities discussed in this report should contact a qualified sales person at Eight Capital. Eight Capital accepts no liability whatsoever for any loss arising from any use or reliance on this research report or the information contained herein.

This research report is being provided only to institutional clients of Eight Capital and is intended for informational purposes only. This research report is not an offer to sell or the solicitation of an offer to buy any of the securities discussed herein. The information contained in this research report is prepared from publicly available information, internally developed data and other sources believed to be reliable, but has not been independently verified by Eight Capital. Eight Capital makes no representations or warranties with respect to the accuracy, correctness or completeness of such information and they should not be relied upon as such.

All estimates, opinions and recommendations expressed herein constitute judgments as of the date of this research report and are subject to change without notice. Eight Capital does not accept any obligation to update, modify or amend this research report or to otherwise notify a recipient of this research report in the event that any estimates, opinions and recommendations contained herein change or subsequently become inaccurate or if this research report is subsequently withdrawn.

Past performance is not a guarantee of future results, and no representation or warranty, expressed or implied, is made regarding future performance of any security mentioned in this research report. The price of the securities mentioned in this research report and the income they generate may fluctuate and/or be adversely affected by market factors or exchange rates, and investors may realize losses on investments in such securities, including the loss of investment principal. Nothing in this research report constitutes legal, accounting or tax advice. Investors should consult with his or her independent legal or tax adviser in this regard.

Neither VIII Capital Corp. nor Eight Capital is affiliated in any way with Eight Capital Management LLC, an India-focused investment firm.

US Residents: VIII Capital Corp. is a U.S. registered broker-dealer, a member of FINRA and an affiliate of Eight Capital. VIII Capital Corp. accepts responsibility for the contents of this research report and its dissemination in the United States to certain U.S. institutional investors.

Research produced and distributed by VIII Capital Corp. is distributed to persons who are “major U.S. institutional investors” which is defined as a U.S. institutional investor or any other entity which owns or manages at least $100 million in financial assets (as such term is defined in SEC 15a-6 and Section 15 of the Securities Exchange Act of 1934, as amended). U.S. residents seeking to effect a transaction in any security discussed herein should contact an VIII Capital Corp. qualified person directly.

Conflicts of Interest: Eight Capital has written procedures designed to identify and manage potential conflicts of interest that arise in connection with its research and other businesses. The compensation of each Research Analyst/Associate involved in the preparation of this research report is based competitively upon several criteria, including performance assessment criteria, the quality of research and the value of the services they provide to clients of Eight Capital. The Research Analyst compensation pool includes revenues from several sources, including sales, trading and investment banking. Research analysts and associates do not receive compensation based upon revenues from specific investment banking transactions.

Eight Capital generally restricts any research analyst/associate and any member of his or her household from executing trades in the securities of a company that such research analyst covers, with limited exception. Should this research report provide web addresses of, or contain hyperlinks to, third party web sites, Eight Capital has not reviewed the contents of such links and takes no responsibility whatsoever for the contents of such web sites. Web addresses and/or hyperlinks are provided solely for the recipient’s convenience and information, and the content of third party web sites is not in any way incorporated into this research report. Recipients who choose to access such web addresses or use such hyperlinks do so at their own risk.

Unless publications are specifically marked as research publications of Eight Capital, the views expressed therein (including recommendations) are those of the author and, if applicable, any named issuer or Investment Dealer alone, and have not been approved by, nor are they necessarily those of, Eight Capital. Eight Capital expressly disclaims any and all liability for the content of any publication that is not expressly marked as a research publication of Eight Capital. Forward-looking statements are based on current expectations, estimates, forecasts and projections based on beliefs and assumptions made by the author. These statements involve risks and uncertainties and are not guarantees of future performance or results and no assurance can be given that these estimates and expectations will prove to have been correct, and actual outcomes and results may differ materially from what is expressed, implied or projected in such forward-looking statements.

Research Analyst Certification:  Each Research Analyst and/or Associate who is involved in the preparation of this research report hereby certifies that:

• the views and recommendations expressed herein accurately reflect his/her personal views about any and all of the securities or issuers that are the subject matter of this research report;

• his/her compensation is not and will not be directly related to the specific recommendations or views expressed by the Research Analyst in this research report;

• they have not affected a trade in a security of any class of the issuer whether directly or indirectly through derivatives within the 30-day period prior to the publication of this research report;

• they have not distributed or discussed this Research Report to/with the issuer, investment banking at Eight Capital or any other third party except for the sole purpose of verifying factual information; and

• they are unaware of any other potential conflicts of interest. The Research Analyst involved in the preparation of this research report does not have any authority whatsoever (actual, implied or apparent) to act on behalf of any issuer mentioned in this research report. 

Idea of Interest: Eight Capital has not initiated formal and continuous coverage of the companies mentioned in these publications, and maintain no recommendation, price target or earnings forecast. Statements and analysis in these publications are introductory in nature and may be published from time to time based on publicly available information.

( Companies Mentioned: LIO:TSX.V; LOMLF:OTCQX; LLO:ASX; LY1:FSE,
)

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lion one metals limited

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