Atrium Research analyst Ben Pirie maintained a Buy rating on Lion One Metals yesterday and set a price target of C$0.60.
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Ben Pirie’s rating is based on the promising prospects of Lion One Metals, primarily due to its high-grade gold production capabilities at the Tuvatu mine in Fiji. The mine has a significant gold resource of 514Koz with an impressive average grade of 7.89 g/t, indicating strong potential for future growth and profitability.
Furthermore, Lion One Metals is trading at a lower valuation compared to its peers, at 0.2x NAV versus 0.5x NAV, suggesting an undervalued opportunity for investors. The company’s strategic plans to ramp up production rates and expand exploration efforts both underground and regionally further support the positive outlook, making it an attractive investment option.