Levon Resources Ltd (New) V.LVN

RE: RE: Valuations will increase with La Ceniza da

[Equalibrium]

Here is a previous post from Runner5;

They didn't publish the grades at each cut-off level, so I did a few calculations:

Cut-off     Indicated                                        Inferred                                    Total
$6            521.56Mt @0.88g/t AuEq            200.85Mt @1.00g/t AuEq      21.2Moz AuEq
$10         315.11Mt @1.07g/t AuEq            190.32Mt @1.03g/t AuEq      17.1Moz AuEq
$15         170.72Mt @1.45g/t AuEq            65.48Mt @1.80g/t AuEq         11.8Moz AuEq
$20         100.14Mt @1.75g/t AuEq            42.06Mt @2.23g/t AuEq           8.7Moz AuEq


Atthe low cot-off of $6, the grade is still fairly high (close to 1g/t).At the high cut-off of $20, it's still a sizeable deposit.

So, even at a $15 Cutoff, they have 12 Million Ounces of Gold Equivalent - Indicated and inferred.

Sure, the Grade isn't great, but this will be a Bulk tonnage developement - High Bulk Tonnage, Low Grade, Open pit.

And that is based on the last NR. If you think that is not going to increase shortly, you are mistaken.

This will go well over 1 Billion Tons total, and a lot will get upgrated to Measured and Indicated.

At that time I think it will be over 30 Moz AuEq at $6 Cutoff, and over 20 Moz AuEq at $15 Cutoff.

That is a mine in anyone's books, even with the relatively low grade.

Also, in my opinion, the Gold will be found as well....