Loncor Gold Inc T.LN

New Corporate Presentation For January

[nozzpack]

Interesting update somewhat.

They continue with expanding the infrastructure buildout including a larger Camp already nearing construction, along with ongoing drilling of Adumbi below the pit, with targeted 6+ million ounces for 2022 , and plans to increase exploration in Imbo East.

Plus other tidbits,.

https://www.loncor.com/component/jdownloads/?task=download.send&id=113&catid=63&m=0&Itemid=101

[nozzpack]

Reading through the new corporate presentation I noticed that the ongoing deep drilling is targeting boosting Adumbi from 3.66 m ounces to tier 1 status of 5 million ounces in the next 6 months. By my calculation of 7500 ounces per vertical metre drilled through the pit should increase as they go deeper. So, another 200 m below the current pit should easily add another 1.5 million ounces at

[hcarbon]

Looking at the chart it seems like there is a seling at cad0,65.  Is there something going on behind the scene?

[givemeabreak1]

It seems to me that there is a financing coming.  While that is good news as they need the cash.  Bad news in that it will be highly dilutive at a low price! It is getting in a range where it may be worth a flyer if you believe gold prices go higher.  Needless to say the ounces currently are relatively high cost and high risk!