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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

Post by nozzpackon Oct 04, 2021 9:35am
114 Views
Post# 33960212

Recent M & A Price to NPV is 0.81

Recent M & A Price to NPV is 0.81This is from Great Bear Corporate Presentation 

Select Canadian Gold M&A Precedent Transactions2
0.89x 0.83x
(P/NAV)
0.66x
Battle North / Evolution Mar-2021
1.10x 0.61x
1.27x
0.85x
        0.61x
0.57x
Average: 0.81x
    Average: 0.65x
  0.60x
0.68x
0.61x
         0.39x
0.46x
GT Gold / Newmont Mar-2021
QMX Gold / Eldorado Jan-2021
TMAC /
Agnico Eagle Equinox GoldArtemis Gold
Select Tier 1 Precedent Transactions2 (P/NAV) 1.78x
1.31x
Premier /
Jan-2021 Dec-2020 Jun-2020
Blackwater /
Red Lake / Evolution Nov-2019
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