New to this boardGood to see there are some intelligent and informed posters here, especially for a company that is still under the radar. The PEA looks positive and credible, especially with Kibali as a similar example nearby. Would any of you be willing to share your views on the weak points of LN's project? Here are some of my own initial thoughts:
- Perception of DRC (while noting that several gold mining countries in Africa have more serious issues in the last couple of years, including Burkina Faso, Mali, Guinea, Ivory Coast etc)
- Remote location, long trucking distances through at least two other countries, expensive road work required
- Hydro option: could be interesting, but what are the chances of a highly conceptual hydro project becoming reality in the time frame to build a mine? Maybe they should have kept this in their back pocket rather than including a very sketchy idea in the PEA.
I see that Resolute is a major shareholder, and not by accident. Do any of you see this as a future Resolute mine?