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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60.0¢ |
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Mkt cap ! $1.277B | |||
| Open | High | Low | Value | Volume |
| 58.0¢ | 60.5¢ | 57.5¢ | $6.378M | 10.71M |
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| No. | Vol. | Price($) |
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