Lion One Metals ($LIO) – The Path to a 7X Return

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Picture this.
You're standing in the mountains

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of Fiji, and a mine crew has
just pulled up a rock that glows

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with gold traces chunks.
Some of it grades over 2700

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grams per ton.
That's not a typo.

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That's over 2 1/2 kilos of gold
in a single ton of rock.

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While the rest of the world
fights over mega caps, ship wars

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and overpriced tech indexes,
this company is pulling bonanza

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grade gold out of a volcanic
corridor that once gave birth to

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one of the Pacifics richest gold
legacies.

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The mine just down the road,
Vatakula, has already produced

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over 7 million oz And now 40
kilometers up the same magmatic

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line, Lion 1 Metals is starting
to unlock what might be the next

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chapter.
Most investors still think it's

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an explorer.
They have no idea.

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It's already pouring gold,
already cash flowing and more

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than half the IR other mining.
It isn't even in the model.

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This isn't even in the model.
This isn't a gold story.

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It's a gold vault, wide open and
wildly mispriced.

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Welcome to Make Money, part of
the Finance Frontier AI series

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where we decode asymmetric
investing, uncover mispriced

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assets and give you the edge
before the market adjusts.

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I'm Sophia Sterling, risk aware
data calibrated and running on

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open A is most advanced ChatGPT
core.

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In today's episode, I'm
optimized for gold cycle

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positioning, junior producer re
rating logic and modeling how

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margin rich miners get misvalued
until the re rate hits.

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Before we zoom into line one,
let's look at the bigger

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picture.
Gold has climbed over 20% in the

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last six months, now sitting
above $3300 per oz.

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Central banks are buying, ETF
inflows are up, real yields are

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stuck, and geopolitical risk
from shipping routes to central

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bank credibility is pushing
capital into hard assets.

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If you're bullish on gold, small
cap producers are where leverage

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lives, especially those with
grade margin and mispricing like

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this one.
And I'm Max Vanguard powered by

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Grok 3 chaos trained, conviction
tested and tuned for micro cap

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pattern breakouts that come
before the fun flows For this

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episode.
My brain is optimized for

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frontier geology, cash flow
inflection zones, and the

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asymmetric edge that forms wind
production grade or is being

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sold into a $3300 plus gold
market.

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Most investors still think it's,
and the stock still trades like

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a drill hole fantasy.
We're hosting this episode from

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the Vatakula Gold Mine, the
beating heart of Fiji's first

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gold rush carved into the
mountains since 1933 / 7 million

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oz have come out of this system.
And just up the corridor, Lion

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One's Tovatu Mine is hitting the
same rock signature.

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It's hotter, more pressurized,
less mapped, and already

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delivering bonanza hits at a
scale that changes how this sock

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should be priced.
You can smell the diesel from

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the scoop tramps.
You can hear the core saws

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buzzing inside the geology lab,
and you can feel it, the weight

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of gold under foot in the
tension of something bigger just

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starting to emerge.
In this episode, we'll breakdown

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what the market's missing, why
this company already justifies a

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200% upside from today's 29 cent
share price, and how the long

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term path could deliver a the
next return.

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We'll unpack the margins, the
gold grades, the bonanza hits,

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and the parts of the ore body
that haven't even been priced

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in.
And we'll close with a make

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money strategy.
Stack how to trade around the

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volatility, how to stack
physical gold, and how to hedge

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or double down depending on your
style.

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Before we dive in, subscribe to
make money, follow us on X,

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share this episode with a Gold
Bug friend, and help us reach

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our next goal. 10,000 downloads
Segment 2 starts now.

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Here's what the market thinks it
knows.

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Lion 1 is a tiny gold explorer
in Fiji with some decent grades,

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a small pilot plant and a long
way to go.

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That's the old story.
What the market is missing,

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badly is that Lion 1 is no
longer a pure explorer.

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It's already a producer, it's
already cash flow positive, and

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it's sitting on a system that
keeps getting bigger with every

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drill hole.
This isn't a science project.

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It's an undervalued mine that's
already selling gold into a

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$3300 market.
And today's not just about Lion

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Wan.
It's a case study and how you

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find mispriced producers before
the market does.

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Every piece of this story maps
to a repeatable framework.

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You look for operational output
that's ahead of the model margin

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that isn't reflected in
valuation, and institutional

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blind spots that keep a producer
stuck in an explorer's multiple.

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That's what this is really
about, and Lion 1 is the perfect

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example.
Let's start with the numbers.

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In the latest quarter, Lion One
produced over 30,500 ounces of

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gold with an average grade above
5.5g per ton.

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They sold that gold at a blended
price of 3794 Canadian dollars

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per oz, while their cost of
sales was just $2465 per oz.

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That's a margin of over 47%.
And that's not theoretical.

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That's booked.
The mine is real.

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The margins are real.
The mispricing is real.

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And here's what almost no one
sees.

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More than 50% of the gold
they're producing isn't even in

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the resource model.
It's coming from zones like URW

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1, URW 3, and SKL zones that
weren't part of the last

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estimate.
That means the mine isn't just

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meeting the model, it's
outperforming it.

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That's one of the clearest
signals that the market hasn't

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recalibrated.
Yet think about what that means.

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Lion 1 is generating cash flow
from Oz.

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The model didn't even count.
Most junior miners spend years

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drilling into deficits.
This one is drilling into

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production.
They're running a vertically

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integrated mine.
They own the drills.

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They own the lab.
They control the pace.

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That's why they're able to
respond fast and why the stock

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hasn't kept up.
And this is the kind of set up

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where Asymmetric Math lives.
Right now, the company has an

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enterprise value under $100
million.

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They're selling high margin gold
into one of the strongest macro

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backdrops in decades.
If this were a Canadian listed

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producer with similar numbers,
it'd already be $1.50.

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But this one's in Fiji, under
followed, undervalued, and

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that's the edge.
The reason we're highlighting

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Lion 1 isn't because it's the
only play, it's because it

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teaches the pattern.
If you learn to spot the signs,

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model outperformance, margin,
compression, resource lag, you

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can find the next one too.
This isn't a hype story, it's a

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re rating formula and it's
unfolding in real time.

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So what does the market miss?
Everything that matters.

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Production is real.
Margins are wide.

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Discovery is ongoing and the
model is behind the rock.

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That's how 29 cent stocks become
dollar plus stocks before anyone

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on the outside catches it.
Let's get into the numbers,

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because this is where most
investors fall behind.

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Line 1 isn't pitching blue sky
exploration, it's producing.

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In the latest quarter, they sold
3555 ounces of gold.

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Their average sale price
$3794.00 Canadian per oz.

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Their cost of sales?
Their cost of sales?

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Just $2465.
That's a 47% gross margin,

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nearly $1330 in profit per oz.
This is margin math most junior

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producers never reach, and Lion
1 is doing it before their mind

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is even scaled.
Most juniors never get this far.

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They burn cash, drilling, issue
shares and hope someone cares.

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But Lion 1 skipped the waiting
line.

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This isn't a maybe someday
story.

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It's operational now.
They have ore, they have sales,

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they have margins.
Even at small scale pilot

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production, they're already cash
flowing.

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And because this is high grade
underground mining, they don't

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need a massive mill to hit
profitability.

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The geometry works in their
favor.

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Small tonnage, high impact.
Let's upgrade.

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The average or processed came in
around 5.5g per ton.

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That's excellent by global
standards.

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But that's just the floor.
In one drill zone, they hit 2749

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grams per ton.
That's bonanza grade.

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We're talking over 2 1/2 kilos
of gold per ton.

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And this wasn't a fluke.
Dozens of intercepts have graded

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well above 100 grams.
It's not just rich, it's

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repeatable.
And here's the kicker, more than

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half the gold they're mining
today is coming from zones not

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included in their current
mineral resource estimate.

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That means the system is already
outperforming the model

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geologically.
This is what you want, a live

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system expanding as you drill.
Operationally, it means the

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current valuation is based on
the wrong assumptions.

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This isn't a static deposit,
it's a dynamic growing structure

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with near term upside baked in.
Now let's frame it financially.

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Even at a modest 15,000 oz per
year with current margins, this

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mine could throw off $18.00 to
20 million Canadian dollars in

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operating cash flow.
At 20,000 oz, you're looking at

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$25 to $27 million.
That's without resource

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expansion, without price
escalation.

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That's just the base case.
And when you compare that to

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Line 1's current enterprise
value, well under $100 million,

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it's obvious this isn't a mining
company.

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It's a mispriced gold cash flow
engine.

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It gets better if they scale
production toward 25,000 oz per

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year, which is possible with
their underground development

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and current infrastructure.
The free cash flow potential

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approaches $30 to 35,000,000
Canadian dollars annually.

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You're now into the 3X to 4X
revenue to enterprise value

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zone.
Most producers with this kind of

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margin get acquired.
That's not hype, that's just how

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the sector works.
Look at the comps in Quebec.

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Junior underground producers
with half the grade and lower

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margin are trading at two to
three times, Lion Ones multiple.

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In West Africa, projects with
lower recovery and higher CapEx

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have been bought out at premiums
of 400% or more.

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The reason Lion 1 trades at a
discount is location awareness,

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not fundamentals.
It's in Fiji, it's off radar,

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but geologically and financially
it's hitting elite numbers.

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And the optionality isn't just
academic Zone 500 deep under

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explored pressure rich could
change the entire model if

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confirmed.
Add to that the SKL loads and

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lateral expansion zones across
the caldera rim and you're

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looking at a gold system with
five to 10 year discovery

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potential baked in.
That's not future fantasy,

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that's current geometry
intersecting with mining

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execution.
Added up high grade or strong

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margins, real revenue model
beating geology plus exploration

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upside and evaluation multiple
that's wildly out of sync with

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what they're already delivering.
These are the numbers that

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matter.
This is the data the market is

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behind on and This is why the RE
rate window is opening right

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now.
Let's start with the numbers in

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front of us.
Lion 1 trades at $0.29.

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Our 12 month target is $0.90.
That's a clean 200% upside

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driven by cash flow, ramping,
resource model upgrades and RE

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rating from producer status.
But the bigger picture, the full

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7X path comes from scaling,
optionality and the type of

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repricing that only happens once
a system proves it can grow and

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operate at the same time.
Here's how the 1st 3X unfolds.

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At 15,000 ounces of annual
production and dollar 1300 CAD

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margin per oz, you're looking at
nearly $20 million in potential

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operating cash flow.
Even if you slap on a

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conservative 8 times multiple,
that implies a $160 million

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valuation.
Line 1's current enterprise

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value under $100 million.
That's how mispricing meets

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execution, and the market hasn't
caught it yet.

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But they're not stopping at
15,000 oz.

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The road map targets 20,000 to
25,000 oz within two years

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through deeper zone development
and additional underground

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access.
At that scale, and with margins

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holding, operating cash flow
could push $30 to 35,000,000

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Canadian dollars annually.
That puts them in the zone where

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majors start sniffing at a 10
times multiple.

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You're looking at a 300 to $350
million valuation.

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00:13:19,240 --> 00:13:23,600
That's already 3X to 4X from
here, and we're still not

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including discovery upside.
That's what makes this a

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structured asymmetric play.
You get rewarded just for them

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executing unknown targets, but
if discovery zones like Zone 500

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or SKL hit big, the upside
explodes.

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Why?
Because gold systems that grow

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while producing always get
revalued.

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00:13:44,200 --> 00:13:48,640
The market doesn't pay for.
Maybe it pays for both, Both

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00:13:48,640 --> 00:13:52,160
ounces in cash flow, both
execution and expansion.

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00:13:52,520 --> 00:13:56,080
That re rating process doesn't
happen gradually, it happens in

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00:13:56,080 --> 00:13:58,960
steps.
First step, updated models

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00:13:58,960 --> 00:14:02,080
reflect production.
Second step junior producer

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00:14:02,080 --> 00:14:05,880
multiples kick in. 3rd step,
institutional money gets

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00:14:05,880 --> 00:14:10,240
allocation permission once cash
flow stabilizes and forth the

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00:14:10,240 --> 00:14:14,360
market starts comparing Lion One
to Canadian or African comms and

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00:14:14,360 --> 00:14:17,000
realizes the multiple gap makes
no sense.

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00:14:17,320 --> 00:14:20,000
That's when volume spikes.
That's when the rear rate goes

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00:14:20,000 --> 00:14:22,200
vertical.
And this isn't fantasy.

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00:14:22,400 --> 00:14:27,640
In 2020, Lion One hit 2 Canadian
dollars and 67 cents, 9 times

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00:14:27,640 --> 00:14:29,880
today's price.
Without production, without

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00:14:29,880 --> 00:14:31,960
margins.
And before the bonanza zones

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00:14:31,960 --> 00:14:36,240
were drilled back then, the gold
market was hot and hype carried

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00:14:36,240 --> 00:14:38,440
it.
Today they've got something

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00:14:38,440 --> 00:14:43,520
better results, margins and
that's why this time the RE

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00:14:43,520 --> 00:14:46,360
rating can stick.
The reason we call this A7X

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00:14:46,360 --> 00:14:49,480
opportunity is because the path
is sequential.

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00:14:49,960 --> 00:14:52,720
You don't need a miracle, you
just need the system to keep

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00:14:52,720 --> 00:14:54,960
proving itself, which it already
is.

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00:14:55,440 --> 00:15:00,120
Base case scale to 25,000 oz.
Hold margin RE rate to 10 times

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00:15:00,120 --> 00:15:03,160
cash flow.
That alone gets you to $2.00 to

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00:15:03,160 --> 00:15:08,080
$2.25 CAD Add in bonanza
extensions or deep feeder

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00:15:08,080 --> 00:15:11,800
confirmation from zone 500.
That's how you build a multi

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00:15:11,800 --> 00:15:15,320
million ounce system and that's
how 7X becomes reality.

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00:15:15,480 --> 00:15:18,960
It's rare to get a setup where
downsides already collapsed.

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00:15:19,120 --> 00:15:24,200
This stock traded 9X higher in
2020 and upside is still wide

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00:15:24,200 --> 00:15:26,800
open.
Lion 1 isn't asking you to

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00:15:26,800 --> 00:15:30,160
believe in a dream, They're
asking you to recognize that the

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00:15:30,160 --> 00:15:34,840
work is already paying off and
the market hasn't adjusted yet.

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00:15:35,040 --> 00:15:38,800
And that's the window before the
funds model it, before the

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00:15:38,800 --> 00:15:41,920
analysts upgrade it, before the
RE rate kicks in.

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00:15:42,640 --> 00:15:45,560
You're not buying a concept,
you're buying a miss price

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00:15:45,560 --> 00:15:49,720
system that's generating real
cash in a $3300 gold market.

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00:15:50,240 --> 00:15:53,040
The vault is open, the ramp is
clear.

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00:15:53,480 --> 00:15:58,440
The only thing left is timing.
So here's the map $0.29 to $0.90

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00:15:58,440 --> 00:16:03,600
on math, $0.90 to $2.00 on
scale, and $2.00 to 7X if the

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00:16:03,600 --> 00:16:06,480
system proves deep, wide, and
rich.

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00:16:07,320 --> 00:16:10,200
All it takes is the market
catching up to what the drill

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00:16:10,200 --> 00:16:12,040
cores and revenue lines already
know.

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00:16:12,360 --> 00:16:16,280
Let's be honest, every
asymmetric setup comes with edge

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00:16:16,400 --> 00:16:19,440
and exposure, So what could go
wrong here?

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00:16:19,760 --> 00:16:25,040
The biggest risk is operational.
Lion 1 is an underground narrow

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00:16:25,040 --> 00:16:28,040
vein producer.
That means things like equipment

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00:16:28,040 --> 00:16:32,880
uptime, mining precision, and
vein targeting matter a lot more

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00:16:32,880 --> 00:16:35,760
than they do in large open pit
operations.

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00:16:36,160 --> 00:16:39,560
If they miss veins, misfire on
drill angles or run into

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00:16:39,560 --> 00:16:43,480
development delays, production
could slip and the RE rate gets

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00:16:43,480 --> 00:16:45,720
postponed.
Then there's financing risk.

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00:16:46,360 --> 00:16:49,720
Juniors typically need capital
to grow, and if sentiment turns

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00:16:49,720 --> 00:16:52,920
or execution lags line, one
could be forced to raise equity

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00:16:52,920 --> 00:16:55,960
at a weak price.
That creates dilution, and

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00:16:55,960 --> 00:16:58,240
investors hate that.
The good news?

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00:16:58,640 --> 00:17:00,160
So far?
They've raised smart.

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00:17:00,480 --> 00:17:03,440
Their balance sheet isn't
bloated, and they've used equity

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00:17:03,440 --> 00:17:06,359
and credit in ways that support
the mine, not inflate the

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00:17:06,359 --> 00:17:08,400
office.
But this is something to watch.

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00:17:08,560 --> 00:17:11,760
Political risk.
It's actually lower than most

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00:17:11,760 --> 00:17:14,920
people think.
Fiji has a long mining history

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00:17:14,920 --> 00:17:17,640
and is seen as relatively stable
in the Pacific.

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00:17:18,240 --> 00:17:23,599
But geopolitical drift is real.
Regulatory rules can change,

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00:17:23,839 --> 00:17:27,760
community relations matter, and
remote infrastructure still

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00:17:27,760 --> 00:17:31,480
makes everything harder, from
shipping reagents to flying in

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00:17:31,480 --> 00:17:33,840
parts.
If the government shifts stance

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00:17:33,840 --> 00:17:37,200
or supply chains break,
operations slow down.

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00:17:37,680 --> 00:17:41,840
Another risk is grade control.
Bonanza hits are amazing, but

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00:17:41,840 --> 00:17:45,400
they're also highly variable.
If the average grade drops or

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00:17:45,400 --> 00:17:49,440
recovery dips below 80%, margins
can get squeezed fast.

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00:17:49,800 --> 00:17:52,320
And when margins drop, so does
valuation.

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00:17:52,760 --> 00:17:55,120
That's why consistency is
everything here.

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00:17:55,480 --> 00:17:58,400
The company needs to keep
hitting month after month.

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00:17:58,680 --> 00:18:01,360
But now let's talk about the
edge, Because what makes this

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00:18:01,360 --> 00:18:05,320
setup powerful is that Lion 1
isn't exposed the way most

301
00:18:05,320 --> 00:18:07,960
juniors are.
First, they're vertically

302
00:18:07,960 --> 00:18:10,360
integrated.
They own their drills.

303
00:18:10,600 --> 00:18:13,880
They own their lab.
They aren't waiting three months

304
00:18:13,880 --> 00:18:16,880
for assay results.
That means faster decision

305
00:18:16,880 --> 00:18:20,080
cycles and more control.
Second, they're not in a

306
00:18:20,080 --> 00:18:23,720
spending spiral.
Many juniors burn millions just

307
00:18:23,720 --> 00:18:26,400
doing investor Rd. shows and
redoing PowerPoints.

308
00:18:27,040 --> 00:18:30,600
Line 1 is doing the opposite.
They're spending underground, on

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00:18:30,600 --> 00:18:34,120
Stokes, on declines, on real
infrastructure.

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00:18:34,680 --> 00:18:36,120
That's where conviction shows
up.

311
00:18:36,640 --> 00:18:38,920
Not in the deck in the
development.

312
00:18:39,200 --> 00:18:42,080
And third, they have geology on
their side.

313
00:18:42,520 --> 00:18:46,480
This isn't a single vein hope.
This is a system.

314
00:18:47,080 --> 00:18:50,720
A Chaldera scale alkaline gold
environment with multiple

315
00:18:50,720 --> 00:18:53,400
targets.
Deep feeder potential in lateral

316
00:18:53,400 --> 00:18:55,920
expansion zones that could
extend for years.

317
00:18:56,440 --> 00:19:01,040
Systems create options and
options reduce risk because if

318
00:19:01,040 --> 00:19:04,320
one zone under delivers, another
could over deliver.

319
00:19:04,440 --> 00:19:07,120
That's how you build resilience
into a thesis.

320
00:19:07,320 --> 00:19:11,680
So yes, there are red flags.
That's why the stocks at $0.29.

321
00:19:12,120 --> 00:19:14,960
If there weren't risks, the
opportunity wouldn't exist.

322
00:19:15,320 --> 00:19:19,800
But line 1 is actively reducing
those risks and that's what

323
00:19:19,800 --> 00:19:22,960
separates us from height based
juniors who drill headlines and

324
00:19:22,960 --> 00:19:26,400
dilute into oblivion.
This is a company building

325
00:19:26,400 --> 00:19:29,440
forward underground, inch by
inch.

326
00:19:30,040 --> 00:19:35,680
In asymmetric trades, the goal
isn't 0 risk, it's edge adjusted

327
00:19:35,680 --> 00:19:39,240
risk where the downside is
limited and the upside is

328
00:19:39,240 --> 00:19:43,640
structurally unfair.
Lion One's downside is execution

329
00:19:43,640 --> 00:19:47,960
based, but the upside?
It's in the system, the rock,

330
00:19:48,520 --> 00:19:51,720
the model, and the gap between
where the market is and where

331
00:19:51,720 --> 00:19:55,280
the cash flow says it should be.
Let's pull it all together.

332
00:19:56,360 --> 00:19:59,800
ONE isn't just drilling gold,
it's producing it.

333
00:20:00,120 --> 00:20:04,640
They're selling Oz into a $3300
market with 47% margins, and

334
00:20:04,640 --> 00:20:07,760
more than half of their current
output isn't even in the model.

335
00:20:08,240 --> 00:20:11,720
That's not early stage hype,
that's operational upside.

336
00:20:12,240 --> 00:20:15,040
And the stock is still just
$0.29.

337
00:20:15,200 --> 00:20:17,400
We've seen this before,
companies that cross from

338
00:20:17,400 --> 00:20:20,120
explorer to producer.
While the market lags behind

339
00:20:20,520 --> 00:20:23,760
when execution outpaces
expectation, the RE rate is

340
00:20:23,760 --> 00:20:26,240
inevitable.
The upside here is mapped,

341
00:20:26,280 --> 00:20:29,720
measured and misunderstood.
So how do you position for it?

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00:20:30,080 --> 00:20:33,560
Let's breakdown 5 real make
money strategies, starting with

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00:20:33,560 --> 00:20:35,760
how to build the trade.
Strategy one.

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00:20:35,920 --> 00:20:40,560
Use volatility to layer in.
Track the 10 day ADR percent if

345
00:20:40,560 --> 00:20:44,800
line 1 drops more than 1.5 times
its average daily range without

346
00:20:44,840 --> 00:20:47,920
any negative news.
That's a buy zone scale and

347
00:20:47,920 --> 00:20:51,480
gradually think in units.
You might start with one to two

348
00:20:51,480 --> 00:20:55,000
units for conviction and reserve
more for high volume dips.

349
00:20:55,160 --> 00:20:59,800
This stock is too illiquid to
chase, but too asymmetric to

350
00:20:59,800 --> 00:21:02,840
ignore.
Strategy two Hedge with GDXJ,

351
00:21:03,240 --> 00:21:07,680
Sell puts during gold drawdowns.
For example, if GDXJ dips 3 to

352
00:21:07,680 --> 00:21:12,720
4% and implied volatility rises,
sell a put one strike below that

353
00:21:12,720 --> 00:21:16,040
income can offset drawdown on
Leo or fund new entries.

354
00:21:16,680 --> 00:21:19,720
You're using large cap liquidity
to extract premium while holding

355
00:21:19,720 --> 00:21:22,760
asymmetric small cap exposure.
That's edge stocking.

356
00:21:23,240 --> 00:21:28,640
Strategy 3 Own physical gold.
This isn't a trade, this is the

357
00:21:28,640 --> 00:21:31,080
foundation.
Think in tears.

358
00:21:31,080 --> 00:21:35,240
Start with coins, Maple Leafs,
Philharmonic's or American

359
00:21:35,240 --> 00:21:38,040
Eagles.
Then move to bars if conviction

360
00:21:38,040 --> 00:21:41,480
builds, stack fractional if
flexibility matters.

361
00:21:41,920 --> 00:21:44,960
This isn't about panic, it's
about preparedness.

362
00:21:45,400 --> 00:21:48,480
Lion 1 is the play, but gold is
the anchor.

363
00:21:48,680 --> 00:21:53,440
Strategy 4 barbell with Bitcoin
Use 10 to 20% of your portfolio

364
00:21:53,440 --> 00:21:56,280
to create a non correlated hard
asset exposure.

365
00:21:56,760 --> 00:22:00,600
Gold gives you density, Bitcoin
gives you velocity. 1 is the

366
00:22:00,600 --> 00:22:04,040
vault, the other is the wire.
Together, they've historically

367
00:22:04,040 --> 00:22:07,200
performed best in periods of
trust, decay, and currency and

368
00:22:07,200 --> 00:22:09,080
stability.
Strategy five.

369
00:22:09,240 --> 00:22:13,320
Run a core plus trade overlay.
Keep a core position untouched.

370
00:22:13,360 --> 00:22:15,840
This is your 7X potential around
it.

371
00:22:15,880 --> 00:22:19,880
Trade the chart.
Use oversold RSI or Bollinger

372
00:22:19,880 --> 00:22:21,840
band breakdowns for tactical
ads.

373
00:22:22,240 --> 00:22:24,560
Sell 10 to 20% into vertical
moves.

374
00:22:24,600 --> 00:22:26,960
If volume triples, then
rebalance.

375
00:22:27,520 --> 00:22:29,680
That's how you turn long term
conviction into short term

376
00:22:29,680 --> 00:22:32,680
optionality.
And stay tuned for catalysts.

377
00:22:33,160 --> 00:22:36,560
Watch for the next mineral
resource update, expansion of

378
00:22:36,560 --> 00:22:41,320
Zone 500, consistent production
volume above 5000 oz per quarter

379
00:22:41,560 --> 00:22:45,040
and any M&A interest flagged in
financials or filings.

380
00:22:45,440 --> 00:22:48,880
Those are the moments the market
wakes up and the RE rating

381
00:22:48,880 --> 00:22:52,720
becomes reflexive.
Final thought, this isn't about

382
00:22:52,720 --> 00:22:56,560
predicting goal, it's about
positioning inside the vault

383
00:22:56,680 --> 00:22:58,240
before the market changes the
lock.

384
00:22:59,040 --> 00:23:02,640
At $0.29 you're not buying
perfection, you're buying

385
00:23:02,640 --> 00:23:06,680
mispriced geology, mispriced
margin, and mispriced time.

386
00:23:07,400 --> 00:23:10,200
And time, once it compresses
moves fast.

387
00:23:10,400 --> 00:23:15,360
This is why we built Make Money
to find systems before they get

388
00:23:15,360 --> 00:23:20,360
priced as systems, to decode
risk into strategy, to transform

389
00:23:20,360 --> 00:23:26,200
story into structure and line.
One right now checks every box.

390
00:23:26,600 --> 00:23:30,080
If this episode gave you an
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391
00:23:30,280 --> 00:23:33,280
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392
00:23:33,360 --> 00:23:37,600
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397
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406
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407
00:24:22,880 --> 00:24:26,760
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408
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409
00:24:30,160 --> 00:24:33,840
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413
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414
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Thanks for joining us today.

416
00:24:52,920 --> 00:24:56,400
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417
00:24:56,720 --> 00:24:57,600
We'll see you next time.