Levon Resources Ltd (New) LVNVF

Next move?

[awacs1]

The company has drilled up an incredible resource but has not indicated what their plans are to bring this to the next phase. At first blush, it would appear that they have enought resource and potential to start looking at what it will take to bet into production. I can only conclude that they are fishing for a buy-out in the current resource uptick. Any mills close to them to help identify potential buyers?

[Landmarkmd]

Silver is the Investment choice ( cheap gold ) and the big players , China , hedge funds etc. are buying and holding  Next stop .50c with a breakout higher  The property is attractive at that point for a miner to acquire I know many have been patient , in addition VBIV will also be a winner as they get postive responses to the HEP . C  progress for FDA approval in the USA

[thedave2006]

spec them, dont fall in love with them.  lots of resources here and everywhere.  question is, there is a good climate for pms again and will they produce it at all this go around?

[awacs1]

This venture is 3 to 5 years from any production. Most of the "resource" is inferred but it is large. What pushed the price on Friday? They did put out a new presentation which is very upbeat. There are no white knight investors with a large position, no royalty commitments so they can raise cash when needed. I like it but did not expect the move.

[NaturalCurrency]

This humongous deposit is economical at $25+ silver. When silver breaches that level and moves to $30, watch out. The share price can go ballistic. Last week's action was a pre cursor of things to come as market starts to realize that much much higher silver prices are inevitable and will be here sooner than expected, making the deposit increasingly economical.

[cbew]

According to their website at Levon.com they have 488 Moz indicated Ag, 1.37 Moz indicated Au, 9B lb Zn indicated, and 4.7B lb Pb indicated.  Most of the resource is in the indicated catagory not the inferred catagory.   Also, according to their PEA,  at $25 /oz Ag, the resource is economical and yields 14.8% IRR at 40,000 tpd mining output, and a 5 yr payback of capital.  

[NaturalCurrency]

cbew, agree with most of what you say. But I don't think the management wants to get take out at ~$5. My recollection, looking at the info on website and interviews, is that Ron believes silver has much higher to go beyond $50. I would not be surprised if they continue to add value by de risking project further and hold out for a ~$25 valuation (a few billion $ mc). The world is running on

[cbew]

NaturalCurrency - I wholeheartedly agree with you.  I was just stating that when Ag gets to $30+ I would not be surprised if somebody takes a run at this for $5/sh.   And imho that would still be a lowball offer considering how large the potential is.   We have an indicated resource of half a billion oz of Ag with only a portion of this drilled up!  This is very likely a huge