Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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 kkkrrron Jan 20, 2022 12:35am
77 Views
Post# 34336093

RE:Early Kibali Versus Early Adumbi

RE:Early Kibali Versus Early Adumbiit doesn't matter .. the project is in the midst of nowhere..no infrastructure in place ... it will take a decade to develop it...   

..for example Montage Gold , Integra Res. , Banyan Gold  ..these companies owns deposits with better infrastructute in place ant better developement -options ...   in my opinion Loncor has a good deposit ( strip-ratio is a bit too high here ... a lot of stripping-costs ...-> fuel prices ) .

...look at Montage Gold.. its a clone of Cardinal Resources.. Feasibility-Study will be released in Febr. -- 3-4 million oz in one pit , LOW AISC .. satelite-pits already discovered ...  
..marcetcap only 60 million USD ...  


...i will buy a few shares here because its a cheap valuation right now.. LON trades on less as 1/10 NPV and there is big upside from satelite pits + underground-ounces ..  but its an waiting -game here
<< Previous
Bullboard Posts
Next >>