Another example of being Unknown and Brutally undervaluedROS ( $0.31 / 355 million shares..market cap $115 m is currently drill defining its Kandiole Gold Project in West Mali.
Grades are excellent and on par with that of Adumbi.
No resource estimate is yet available as they are just down to about 225 m of depth.
It is covered by 6 analysts with and average target of $0.95 per share implying a market cap of about $325 million in CAD.
We sit with a market cap slightly less than $100, have more than 5 million ounces in the kitty , enroute to over 6 million when the current assays are included and a PEA coming within the month along with many other gold deposits within its massive land position.
Coverage by analysts do make a big difference as ROS clearly shows.
In a sense, it's redundant for Loncor as management own most of the shares and know the value of its gold assets and what they will get for Adumbi in any sale .
Still, frustrating to see lesser assets valued much higher..