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Loncor Gold Inc T.LN

Alternate Symbol(s):  LONCF

Loncor Gold Inc. is a Canadian gold exploration company. The Company is focused on projects within an approximately 480 square kilometers (km2) area on the Ngayu Greenstone Belt in the Northeast of The Democratic Republic of the Congo (the DRC). The area is located over 220 kilometers southwest of the Kibali gold mine, which is operated by Barrick Gold (Congo) SARL. It owns or controls a contiguous block of 46 exploration permits covering an area of over 13,000 km2 to the northwest of Lake Edward in North Kivu province. The Adumbi gold deposit is found within the Company’s 84.68% owned Imbo Project area. At the Imbo Project, the Adumbi deposit holds an indicated mineral resource of 1.88 million ounces of gold, and the Adumbi deposit and two neighboring deposits hold an inferred mineral resource of approximately 2.090 million ounces of gold with 84.68% of these resources being attributable to the Company.


TSX:LN - Post by User

Comment by 1kgcoffeeon Feb 19, 2021 1:30pm
87 Views
Post# 32611135

RE:Trigger Points for a BuyOut

RE:Trigger Points for a BuyOutI like your numbers Nozz but it's a big if. If gold prices don't collapse, if 52% ownership or Barrick doesn't find a way to squeeze out the common shareholder. If there isn't a civil war. I've been burned in the past, that's the game when playing small cap miners. That which is unlikely to happen very often does and leaves the common shareholder holding the bag. There is the setup for large returns but until any of that materializes it's imaginary
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