Ron Struthers Interview (Nov 2011) Here is what i found from Ron Struthers today - part of a larger interview in late 2011.. (link below)
https://www.24hgold.com/francais/contributor.aspx?article=3706005970G10020&contributor=Gold
I am sure all of us would love to see his current comments.
TGR: What's one last investment idea that you could leave our readers with?
RS: I like Levon Resources Ltd. (LVN:TSX.V; L09:Fkft; LVNVF:OTC). It's proving up a Penasquito-type target that Goldcorp is mining in Mexico. It's growing very quickly with a current phase 4, 130,000-meter drill program underway; that is a huge drill program. It has about five drills running and it already has over 300 Mozsilver Indicated, almost 1 Moz gold and billions of pounds of zinc and lead. Its stock got sold off steeply in this correction, so it's an excellent buying opportunity now.Levon has no need to finance as it has about $66M in the bank and only $20M budgeted in the current program.
TGR: With so many unvalued names, how are you choosing among them?
RS: I look at management, of course. You want good mining management that is experienced, has put mines into production, or has brought them up to a point of being producing. The jurisdiction is important. Right now, you can find good values in a lot of the primary areas, like Nevada, Canada, Mexico, and other mining-friendly jurisdictions. I look in those jurisdictions first when there's great value in the market. I look farther out as the market gets pricier. I look for companies with ample cash on hand because it is difficult to raise money without a fair bit of dilution.
TGR: That's one thing about Levon that investors might question. It has about 200M shares outstanding.
RS: The stock was up over $2/share even with 200M shares outstanding. It all speaks to the size and quality of the asset. I'm not too concerned when a company has a solid asset the size of its Cordero project; it is a monster already, around 11Moz gold equivalent Indicated and will probably end up over 20 Moz equivalent. The larger share float also attracts institutional investors since it's a more liquid stock.
TGR: Thanks for your time.