Loncor Gold Inc T.LN

Alternate Symbol(s): LONCF

Metals & Mining Gold

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.

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Loncor Gold Inc > Which would you rather have?

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Post by givemeabreak1on Feb 23, 2022 3:05pm

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Post# 34455056

Which would you rather have?

So in order to get a close comarion I will use $1450 Gold! Both projects estimated Post Tax NPV 378 million!

Loncor Market Cap 72 million
Rockhaven Market Cap just 22 milliom

Loncor ownership 85%
Rockhaven ownership 100%

Loncor capex $500 million
Rockhaven just 300 million

Loncor risk on mining jurisdiction
Rockhaven located in a tier 1 Mining Jurisdiction Canada

I could go on but the fact is there are just so many junior development stage mining companies out there. Lottery Tickets galore. I could probably list at least 50 similar companies. If gold continues to rise probably smart thing is to have a basket of 10 or so!

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