TSXV:KGL.H - Post by User
Comment by
elgin1on Apr 11, 2018 6:34pm
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Post# 27869894
RE:re resolute buying up lancore
RE:re resolute buying up lancoreKey is Rangold.... Rangold has a jv with Loncore for their properties. Loncore properties deopsits border Kilo propertis and are part of the same greeenstone belt that is part of the Kibali mine Rangold has nearby in DRC. It is a monster mine (Kibali) cost 2 billion dollars to bulid and will produce over 500k ounces per year ... high grade.
Rangold has a jv with Kilo on their south property. Nothing with Adumbi deposit which is quite large with high grade. Kilo properties are excellent with deposits that were mined by Belgians in the past .
Resolute is tying up the properties in DRC which are surrounded by Rangold. Remember Rangold made an offer that was voted down by Kilo shareholders a few years ago.
I think this will all will be developed by Rangold in the future and the deposits are all part of the same larger fault mineralization zone in my opinion.
Time will tell. Sp at 52 week lows.... cant go wrong at these levels.