Loncor Gold Inc T.LN

ABX realized LN has already hit Tier 1 zone

[zzstocks70]

Why piss around on exploration.... instead now focus on the resource package LN has proven up.....maybe they are sharpening their pencil. Time will tell....imo...glta

[nozzpack]

Exactly. Those four new discoveries in East Imboe dwarf Adumbi in footprint size , as indicated by soil, trenching and artisanal data. Drilling Will begun within months . Why wait...

[zzstocks70]

Our issue is our low share price... we are sitting ducks sub $1.00 ABX will most likely try to lowball with any offer. Imo...glta

[mferguson71]

I agree. It is limiting on taking adumbi project to production. But if you look at the management team I think they are keen on a takeover before then. I think it is a matter of time before the market starts to recognize true value of the project. It will hard to ignore the PEA when it comes out I don't know of any other company that has a tier 1 gold asset with as low as market cap as loncor,

[nozzpack]

This proxy based PEA was done at $1500 US POG. Currently, POG is above $1900 US. That is an extra free cash flow of $400 US per ounce which computes to an extra $920 million US in additional cash flows per year ( 235,000 ounces times +400 US ). Over a 13 year mine life ( entirely unrealistic as Adumbi has much more gold below the open pit and excludes 1.2 m ounces above 6 gms per ton at