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Re: augold79 post# 54744

Tuesday, 07/19/2016 3:13:01 PM

Tuesday, July 19, 2016 3:13:01 PM

Post# of 63744

Loncor is a very interesting and undiscovered story.



Another very interesting and undiscovered story is admin inc. (AXMIF)

They own a gold belt in the neighboring country of Central African Republic, which just had a fair election for a new president in February of this year.

Bankable feasibility study was completed few years back on their Passendro project for a 200,000 oz per year low cost open pit gold mine.

Market cap is $5 million and they are receiving royalties from Teranga Gold. In Q1 of this year the royalties were around $500,000 which works out to $1-2 million per year annualized. This royalty is expected to continue for a few more years, so no need for further share dilution until the project is sold or they raise project financing.

3 investors own over 65% of the company so the float is low. 2 of the investors are Chinese and I think/hope this project will get sold to a Chinese SOE.

John Embry of Sprott use to be a big fan of this company

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