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Loncor Gold Inc T.LN

Alternate Symbol(s):  LONCF

Loncor Gold Inc. is a Canadian gold exploration company. The Company is focused on projects within an approximately 480 square kilometers (km2) area on the Ngayu Greenstone Belt in the Northeast of The Democratic Republic of the Congo (the DRC). The area is located over 220 kilometers southwest of the Kibali gold mine, which is operated by Barrick Gold (Congo) SARL. It owns or controls a contiguous block of 46 exploration permits covering an area of over 13,000 km2 to the northwest of Lake Edward in North Kivu province. The Adumbi gold deposit is found within the Company’s 84.68% owned Imbo Project area. At the Imbo Project, the Adumbi deposit holds an indicated mineral resource of 1.88 million ounces of gold, and the Adumbi deposit and two neighboring deposits hold an inferred mineral resource of approximately 2.090 million ounces of gold with 84.68% of these resources being attributable to the Company.


TSX:LN - Post by User

Comment by JPGOLDon Feb 05, 2022 7:18am
84 Views
Post# 34400614

RE:RE:Another Good Proxy

RE:RE:Another Good ProxyRupert is a fantastic company. I traded this one before and done well. Sorry I sold out too early. You do a comparison with LN. Even though they have similarities there is one glaring difference. RUP has a market cap of over CAD $ 1 Billion, Loncor a mere $ 80 Million. Loncor controls 85% of 5,200,000 oz and NPV of over a $1.1 Billion @ $ 1760 gold. Orca Gold and Asante Gold are two others I follow, all three have the potential to move 5 -10X current values. Enormous leverage albeit commensurate with the risk.
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