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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 mferguson71on Jan 12, 2022 11:36pm
76 Views
Post# 34311250

RE:RE:RE:last 24 months

RE:RE:RE:last 24 monthsIf gold isn't in your favourite commodities to own I guess that answers all your questions about Loncor. Especially since it is a exploration company. It is not a surprise that explore co s need to raise money..drill. increase resource... repeat and either take it to production or sell. You are absolutely correct though. There are alot of very good free cash flow companies out there today. I guess I like loncor because I would like to be aggressive with elephant hunting and future buyout candidates. That's myself though. What companies do you like for free cash flow? Feel free to share knowledge. Thanks
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