RE:New to this boardThe new Govt is turning the situation around in the NE which is close to Kibali but not Adumbi.
So, I don't view DRC in the same negative image as it was a decade ago.
All costs are in the PEA and I am sure they have considered alternatives.
The ingots could be flown out.
Hydro might be cheaper over the long run and that should bring carbon tax credits versus diesal.
Resolute ?
It has lots of debt and has been selling assets lately.
If costs are equity proportional, it might have trouble raising capital.
Its my opinion that Kondradt et al are getting long in the tooth and will sell Adumbi as a cash out.
I see no reason why , as they drill delineate the high grade basement of Adumbi, that they will not have a true Tier 1 5+ million ounce deposit at Adumbi by exit 2022.
Then there is Imbo East with first pass sampling that could make it big brother to Adumbi. It too will see the drill in 2022.
Fact is, Loncor has so many advanced assets that it can't develop them all at the same time.
Spin out easily unlocks such hidden value...
They have two shells waiting for projects ....