Loncor Gold Inc T.LN

Which would you rather have?

[givemeabreak1]

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!

[givemeabreak1]

Sorry sticky keyboard some letters got too much beer spilled on them lol!

[givemeabreak1]

OK I have been doing some buying have 4 of my 10 in the bag!  Just 6 more to go.  Loncor is looking good but as I set not ready yet to pull the trigger.  Maybe tomorrow?

[JPGOLD]

I believe you should add a few other comparitives: Loncor Resources - 5,100,000 oz+ Rockhaven. - 1,630,000 oz gold equivalent Loncor Annual Production   303,000 oz +  -  A BIG MINE Rockhaven Annual Production < 100,000 oz gold equivalent - a smalll jewel box deposit  Loncor PEA @ 1600 gold = US $ 624 Million @ 1760 gold = US $ 879 Million 98% of juniors will never

[givemeabreak1]

JP  I was just using comparitives ie both their PEA's.  Needless to say a much more in depth analysis is required.  Rockhaven has 20,000 meters of drilling to be including in a PEA update needs to be considered.  As does the fact that they are a narrow high grade mixed deposit which can get you into trouble quickly.  They can be very expensive to mine uless done

[nozzpack]

Another grossly undervalued which trades less than its cash is Monument Mines at $0.12. It has mined out most of the oxides at the Selinsing deposit, so production is not at all impressive. However, it has decent number of sulphide ounces which, with the new Flostation Plant under construction, will begin mining at about 40,000 ounces per year beginning in mid 2022. It is developing its