Loncor Gold Inc T.LN

ALL IN SUSTAINING COSTS

[JPGOLD]

• This question keeps popping up when in fact the answer has already been provdided in the Dec 15 and Jan 31 Press Releases.
• Average annual production for Adumbi of 303,000 ounces of gold over a 10.3 mine life within proposed pit shell at an average feed of 2.17 g/t Au over the proposed pit life.
• Pre-tax NPV (5% discount) of US$895 million and post-tax NPV of US$624 million for HEP Hybrid case at a US$1,600 gold price.
• Using a US$1,760 gold price, post-tax NPV (5% discount) of US$879 million for HEP Hybrid case.
• Average total cash costs of US$852 per ounce over life of mine and AISC of US$950 per ounce for HEP Hybrid case.
• The Adumbi Indicated Mineral Resource of 1.88 million ounces of gold (28.185 million tonnes grading 2.08 g/t Au) and Inferred Mineral Resource of 1.78 million ounces of gold (20.828 million tonnes grading 2.65 g/t Au) constrained within a US$1,600 per ounce optimised pit shell.
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[givemeabreak1]

JP The buzzer went off for fail!  No where does it give an estimated all in cost of gold!   You can use the $950 as an AISC or more conservatively the $1040.  However, neither is the true total All In Cost of God.  Most mining companies hate estimating that number whether they are at the PEA stage or in fact a producer as it just does not make them look as profitable

[nozzpack]

Thank you. The twit aparently can't read.