On the exploration side let’s not forget our approx 20% holding in Loncor Gold, TSX LN, market cap around $70M.
What a monster the Adumbi Gold, DRC Project is and only 200km from the major Barrick/AngloGold mine.
Sitting on 3.66 m oz at 2.1 g/t Open Pit Resource with further exploration drilling now underway to expose what lies underneath. IMO Loncor also ready for a big sp hike which makes RSG investment look very healthy. Who knows a sale to a neighbour could be on the cards or it could possibly work it’s way into our hands!
Loncor also recently picked up approx $13M after sale of non core asset so importantly well capitalised.
Ann: March 2024 Quarterly Activities Report, page-52
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Mkt cap ! $1.330B | |||
| Open | High | Low | Value | Volume |
| 62.5¢ | 64.0¢ | 62.0¢ | $3.152M | 5.009M |
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| No. | Vol. | Price($) |
|---|---|---|
| 2 | 350092 | 62.5¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 63.0¢ | 21979 | 2 |
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