Time to Start Unlocking Project Value Loncor has too many advanced projects to develop .
The ABX JV is an excellent step in that direction, as ABX is bearing the cost of exploring the huge 1650 sq km Ngyau tenements.
Adumbi itself will easily exceed 5 m ounces within the year and still have massive underground lodes for future mining.
Its about as much as Loncor can handle.
Makapela has not been drilled since 2012.
Less that 35 % of its strike has been drilled but known to be auriferous.
Depths below 400 m have barely been drilled.
Then we have kitenge and Manzako a few Kms below Adumbi .
They have not been drilled in over a decade, yet contain 325,000 ounces of very high grade oxide ounces that has not been drilled below 250 m and remains open at strike, and depth ,undoubtedly connecting to what increasingly appears to be a massive new discovery at Imbo East that is equal to and probably much larger than Adumbi.
Combine Manzako and Kitende with the 4 new discoveries of Imbo East, and spin those out as a new public listing to Loncor shareholders .
Makapela is the Crown Jewel.
I assume that ABX will acquire that asset..