Loncor Gold Inc.
A Compelling M&A Target Near Africa’s Largest Gold Mine
Published: 9/13/2024
Author: FRC Analysts
*See important disclosures at the bottom of this reportSector: Basic Materials | Industry: Gold
Ticker Symbols:
LN.TO - TSX 🔹
LONCF - NASDAQ 🔹
Rating and Key Data
Metrics | Value |
---|---|
Current Price | CAD $0.37 |
Fair Value | CAD $0.8 |
Risk | 5 |
Week Range | CAD $0.26-0.53 |
Shares O/S (M) | 155 |
Market Cap. (M) | CAD $56 |
Current Yield (%) | N/A |
P/E (forward) | N/A |
P/B | 2.8 |
- LN is planning an aggressive resource expansion drill program (totaling 13,400 m) at its Imbo project in the Democratic Republic of the Congo (DRC). Imbo hosts three open-pittable deposits (Adumbi, Kitenge, and Manzako) and multiple high-interest targets. The project is 220 km from Barrick’s (TSX: ABX) Kibali mine, the largest gold mine in Africa, and has mining permits in place.
- The flagship Adumbi deposit hosts a large/high-grade resource totaling 3.7 Moz gold (2.3 g/t).
Rating and Key Data
Metrics | Value |
---|---|
Current Price | CAD $0.37 |
Fair Value | CAD $0.8 |
Risk | 5 |
Week Range | CAD $0.26-0.53 |
Shares O/S (M) | 155 |
Market Cap. (M) | CAD $56 |
Current Yield (%) | N/A |
P/E (forward) | N/A |
P/B | 2.8 |