Levon Resources Ltd (New) LVNVF

RE:RE:Valuation

[Poorcharlie]

You can view their PEA from previous drilling on their web site. The low grade silver and falling resource prices are responsible for the low share price. However the Aida claim could be a game changer for Levon. As Bungey has indicated, management seems excited about the drilling results and we should all find out very soon just how much of an improvement we will see. There are two parts to the Aida claim which add to Levon's resource. The pit wall which was always part of the original property Levon drilled can now be excavated. They already had a good idea of how much that would add. Plus the Aida claim its self. At Penasquito Gold Corp. added to the resouce by going deeper. The drilling of the Aida claim also went deeper than the original drilling. This may also lead to more drilling in the Fall if they revisit some of the more promising holes already drilled and go a little deeper. As for resource prices taking off, I am guessing without inflationary pressure, resources may creep up rather than explode. Zinc as some of you have mentioned makes this a more diversified play and can bring base metal miners to the table. It is my guess you have a base metal miner come in for the lead and zinc and they partner off the silver and gold to the likes of a Silver Wheaton. A two year old Sliver Wheaton report ranked Levon the 8th largest undeveloped resource. Now we are hearing we may be the 3rd largest. The numbers did not change yet so being number 3 is that based on guessing about Aida or was number 3 just for Mexico?
PC