RE:One of the two most undervalued Gold Stocks Worldwide Many Reasons why Loncor is brutally undervalued.
1.....in a continent where the team has previously discovered over 27 million ounces of resources…. and well advanced with plans to find even more.
2....Large, growing and high grade open pit able Imbo Flagship where it has already has 2.5 million ounces of inferred resources with 2.19M ozs at the Adumbi deposit alone with average grades above 2.5 gms per ton.
3..Currently drilling with excellent results todate that Should swiftly increase its gold resource through focused drilling at Adumbi, increasing its ounces toward production.
4...It also has other drill targets lined up such as at the high grade Makapela deposit that already contains 0.6M indicated and 0.6M inferred of high grade resources over 3 kilometres of gold bearing ground.
5... Loncor has a billion-dollar gold miners as shareholders that also believe in the Company’s vision. These are.. - Resolute Mining of Australia has a market capitalization of $1.5 Billion and owns 27% of Loncor
- Newmont continues to hold a position in Loncor with 7%
6.....Substantial insider ownership with Loncor’s CEO owns 26% of the Company. Taken all together, it adds up to a great deal of confidence in Loncor Resources, which should provide any current or potential new shareholder with even greater confidence considering the due diligence abilities of these large shareholdey
7... a Joint Venture on all of Loncor's remaining land with Barrick Gold, the $53 Billion Company whose mandate is to find the next Kimbali on Loncor’s ground. Barrick has commenced drilling on Loncor’s land looking for their target of a + 5,0 million ounce gold deposit.
But Barrick is focusing there for a reason.
Barrick operates their outstanding DRC mine - Kibali – in a JV with another multi-billion gold operator, Anglogold Ashanti, plus the Government of the DRC. The mine is situated 220kms from Loncor’s Ngayu ground.
Kibali represents one of the world’s great new gold mines, producing a record breaking 814,027oz in 2019 at “all in sustaining costs” of just US$693/oz.
8....With Barrick moving two rigs and currently drilling to take a closer look at 6 high priority targets defined by them and Loncor drilling its 100% owned projects , there is going to be lots of drilling results coming our way, especially if Barrick hits paydirt.
9...Though Loncor’s Imbo project is not part of the Barrick JV it’s on the same huge geological belt, has grades similar to Kibali and offers spectacular upside not only topside, but also beneath the open pits whose basement could offer several multiples of the current open pit resources, as is the case for the Kimbali underground mine.
Taken together, on the merits of its own merits, with currently over 3 million ounces, when finally fully explored, those fully owned assets could uncover 10 million ounces of economic gold.
Add to that , with exploration results todate showing excellent prospectivity, Barrick has a better than even chance of finding Kimbali 2.
With 3.1 m ounces of higher than normal grades, Loncor should be accorded at least $75 US per ounce in the ground , valuing its fully owned gold resources at about $230 million US or about $300 million in cad ( $2.50 cad per share ).
Looking ahead, once the PP closes, we should see batches of drill results coming our way.
Be aboard, as any one of these could be sufficiently exceptional as to bring much needed investor exposure to Loncor..