RE:RE:RE:Adumbi Resources….6 holes added 1 million ounces in 2021You are right.
Loncor invests little in broad investor exposure measures, as they do not need to.
They know the value of their asset base and know what has to be done to bring that asset to a development stage at which an acquirer can easily sell such a move to its shareholders.
It is only within the past two years that intensive drilling has transformed Adumbi into a Tier 1Asset.
In addition, few investors take the time to investigate in detail exactly what assets a company holds and you must do a lot of research in the case of Loncor.
Thats where I, a private shareholder, come in, as I have a professional research background in many areas......and I am not an insider either nor have access to insider info.
Its a general rule of gold asset valuation that grade , mine life and exploration upside drive the asset value .
Loncor has it all and is without comparison , in that regard.
My target is ,has been and will be $5 per year when this asset base is monetized.
And that won't be too much longer..