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Levon Resources Ltd (New) LVNVF

Metals & Mining Industrial Metals & Minerals
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

Levon Resources Ltd (New) > Next move?
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Comment by cbewon Jul 09, 2016 2:37pm
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Post# 25038315

RE:RE:RE:RE:RE:Next move?

RE:RE:RE:RE:RE:Next move?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.  This is such a huge resource that it could support even double that output and yield even a higher IRR and faster payback of capital.  What would the numbers look like at $30/oz Ag?, $40/oz Ag?, $50/oz Ag?

I'm not surprised at the huge jump in our sp as others also see what I'm seeing.  IMHO, over $30 usd/oz Ag we become a takeout target b/n $4-$5 Cnd/sh.   Insiders were loading up on this when it was below $.20/sh and so was I ;)    Get ready for the ride of your life!
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