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 > Updated Cash Flows at $2075

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Post by nozzpackon Mar 08, 2022 12:09pm

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Post# 34495719

Updated Cash Flows at $2075

The PFA was at $1600 POG with 300,000 ounces per year for 10 years so 3 million ounces .
Current POG of $2075 per ounce will add $475 US per ounce to cash flows.

Thats an extra $1.47 Billion US in additional free cash flows.

Lets see who the highest bidder is..

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Advancing flagship Ishkõday Gold Project in Ontario