Bullboard - Stock Discussion Forum 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... see more

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Loncor Gold Inc > New report on Loncor!

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Post by cmarketinsights on Oct 24, 2024 5:44pm

New report on Loncor!

With a 13,400 m drill program underway at its Imbo project in the DRC, Loncor is aiming to expand its resource base near Barrick’s ($ABX) Kibali mine. The flagship Adumbi deposit holds 3.7 Moz of high-grade gold (2.3 g/t) and has production potential of over 300 Koz annually. Yet, despite a 2021 PEA valuing the project at $600M (and $1B at higher gold prices), LN trades at just 6% of this value.

For those interested, you can read the full report here from the analysts here: https://www.researchfrc.com/content/reports/post/141/a-compelling-ma-target-near-africas-largest-gold-mine