Gold Lion Resources
Why (CSE:GL) (OTC:GLIOF) May Be Poised for Imminent Breakout
Overview
- The “Lassonde Curve” is a simple, yet critical chart any junior exploration speculator must know about.
- The James Bay region in Northern Quebec is experiencing an unprecedented boom in exploration for lithium, a metal that is critical to the manufacture of EV batteries and energy storage
- Gold Lion (CSE: GL) (OTC: GLIOF) is about to kick off an inaugural exploration program on their Mia-3 Lithium project, located in proximity to Q2 Metals (QTWO) whose shares have risen 1300% in the past 6 months.
If you are new to speculation in mineral exploration stocks, there is absolutely one chart you must be aware of before taking another step further.
It’s called the Lassonde Curve, and understanding the simplicity in this trend can set you up to grow your investments exponentially, very quickly. It can also save you countless headaches and losses, knowing when to take your profit off the table and move on.
Now hear this.
There is a region in Northern Quebec, the James Bay lithium district, which is experiencing an exploration boom unlike anything we have seen in a very long time.
A major discovery of lithium, a metal critical to the production of batteries and energy storage, has been made by a company that was once small and relatively unknown.
The company is Patriot Battery Metals. Within a year of the initial discover, the stock (PMET) surged 2700% and hit a peak valuation of $1.7 billion, creating incredible wealth for investors who speculated at the right moment.
This lithium discovery caused a historic staking rush across the James Bay region, and companies exploring there are seeing their shares grow in multiples, quickly, as speculators continue to snap up shares.
If you want to narrow down your chances of success in this game, you want to target stocks operating in proximity to other success stories.
Geologically speaking, proximity is your best friend.
We’d like to turn your attention to a little company called Gold Lion Resources, trading in Canada on the CSE under “GL” and in the U.S. on the OTC under “GLIOF”.
The company’s 3,000-hectare Mia Li-3 Lithium project is located approximately 15 km northwest of Q2 Metals Corp.’s (TSX-V: QTWO) Mia Li-1 and Mia Li-2 projects in the James Bay region of Quebec. Their Mia Li-3 Project is also directly adjacent to ground newly acquired by Q2 and presents a favourable opportunity for exploration on the same trend.
Shares of QTWO saw its shares skyrocket 1300% in the past six months.
If you’re looking for proximity plays, GL is it.
GL is about to embark on their project’s first comprehensive exploration program.
Based on the breadcrumbs available from historic exploration by the Quebec government, there is a possibility for a ‘hit’ that could send shares of GL in a similar trajectory as QTWO.
Shares of GL / GLIOF are still trading at below 0.10 (CAD) at the time of this writing, with a market cap of just $6.3 million (CAD) presenting a potentially attractive entry for investors looking to ride the speculation wave.
According to the Lassonde curve, the time to pile into an exploration stock is during the ‘Exploration’ phase, which is exactly where Gold Lion is in their life cycle.
Check out the location of their project below, then consider your chances of success with the stock looking like it has been warming up as they prepare to get boots on the ground.
Do your due diligence before investing. We are not financial advisors. This article was written for educational purposes.
Disclaimer
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🇨🇦CSE:GL, 🇺🇸OTC: GLIOF
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