Loncor Gold Inc T.LN

Another Good Proxy

[nozzpack]

Rupert Resources Lapland Ikarri deposit....( $940 m market cap )

Maiden inferred mineral resource estimate for Ikkari of 49 million tonnes at 2.5 grams per tonne gold for 3.95 million ounces (see the attached Ikkari gold deposit resource summary table); resource estimate based on over 36,000 metres of drilling to the end of June/21.

UG grades todate is 2.4 gm and pit 2.6 gms.

$250 per ounce of Inferred and no PEA

[givemeabreak1]

Good Apple to donut comparison!

[givemeabreak1]

Nozz As for you Rupert Comparison!  I am not sure it is valid! Rupert is in a Tier 1 Jurisdiction Rupert has already double the drilling used in the initial resource Rupert has had recent monster drill results Rupert has 50 million in cash in comparison to Nada Rupert is using over $1400 gold for pit design assumption Loncor is using over $1600 Ruperts break even cost for underground gold

[JPGOLD]

Rupert 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

[nozzpack]

I own gold stocks trading below 25% of their hard NAV because they are not promoted. Its a brutal and competitive world out there for the investors dollar. Almost all gold stocks are brutally undervalued with US hedge funds having them just about all shorted. LN has only sprung to life in the last 18 months ..a time when they have spent their limited funds to drill delineate Adumbie more than

[nozzpack]

Now to answer your questions. Mettalurgy. Adumbi and its satellites have the same BIF lithology as Kibali. No copper no silver refractories . Just oxide gold, transitional gold and fresh rock. Fresh rock is the sulphide gold lode which is the  basement source rock for the uplifted and oxidized gold in the open pits. So, you have a oxide mill and a Biox plant to convert sulphides and

[givemeabreak1]

Nozz you say some stupid things! Like the US dollar replaced the British Pound because it was gold backed lol!  The pound ceased to be gold backed in 31 the US dollar in 33.  US became the official world currency in 44.  The reason had nothing to do with gold.  Britain was pretty much bankrupt during the 2nd world war.  The US was the exact opposite by staying on the

[givemeabreak1]

Nozz most early development stage companies sell well below NAV not because of the market but real reasons ie the NAV is a guide like a starting point in these companies.  NAV of real company producing real products is more realistic.   I could go and explain all the reasons but a sophisticated veteran investor like yourself should know them lol. As for do I own any of this one

[nozzpack]

Please, you have already confirmed that you belong to class 3....an idiot. No need to confirm your status by continueing to post here. If so, another class may have to be established to fit your demented postings. BTW, Nixon too the USD off the gold standard in 1974 ( Breton Woods ).