Loncor Gold Inc T.LN

Alternate Symbol(s): LONCF

Metals & Mining Gold

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.

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Loncor Gold Inc > Who will Buy Resolute’s 26% share

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Comment by nozzpackon Oct 04, 2021 9:28am

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Post# 33960171

RE:RE:Who will Buy Resolute’s 26% share

Current share price is meaning less.

Once the PEA is announced....management have already told us cash costs will be the same as Kimbali.......and we know 85 % of the tonnage and grades, excepting only that below the pit...
the calculation of PEA follows elementary .

I have done so in one or more of my posts here.

Not many deposits with substantial satellite deposits at similar grades are left to be discovered .

Thats why the better ones are now being acquired at or above the PEA.

Current market cap is less than $70 million US for a PEA that will come in above $750 m US...

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