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Levon Resources Ltd (New) LVNVF

Levon Resources Ltd is a Mexico based company which is engaged in the mining business. The company is involved in silver, zinc, lead, and gold mining but majorly focuses on only silver mining. In terms of revenue, the organization receives more revenue from their Cordero project. The company restricts itself only in Mexico and does not exports.


OTCQX:LVNVF - Post by User

Bullboard Posts
Post by 1wascallywabbiton Sep 05, 2014 9:36pm
282 Views
Post# 22911929

Wait a minute....

Wait a minute....
From August 7, 2012 - "estimated resource of 310 million ounces of silver, 900,000 ounces of gold, 5.3 billion pounds of zinc and 2.9 billion pounds of lead."

From 310 to 488 is a 57% Increase. So that is where they got the first Number.

Where are they getting the 2nd set of Numbers - they say July 2012, and a previous poster said that was 364?? I can't find that NR that mentions 364 million Ounces.

But why would the Resourse be 364 in July 2012 and 310 on Aug 7, 2012. Even if that was a correction, the new Resource should now be compared with that revised corrected estimate on Aug 7,2012 which was 310 million ounces from that quote above, or a 57% Increase.

What is going on?
Bullboard Posts