TSXV:NORA.H - Post by User
Comment by
Easy2Mineon Dec 17, 2012 11:54am
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Post# 20740092
RE: Compare
RE: Compare
Levon has a lower grade than ok but more silver. -suitable for a profitable low grade bulk tonnage 120 to 140 thousand ton /day operation. Levon represents a very profitable mine for a major .. these low silver prices have a limited life expectancy. ....so does Levon shares at this price range. I think something is going on behind the scenes to add value to the property. That is why we are in blackout at this time. I believe this will become apparent in the early part of the new year. Levon should be bought out at over 2$/share in my opinion. Please do your own due diligence and don't use posts on stockhouse to convince you on buying or selling shares in a company. Rather, use posts for information and always do your own diligence.Long and strong Levon.
230Million Ounces Bought out for $371 Million or $1.61 an ounce
ORKO's Silver Resource:
Mineral Resources
| Mining Method | Classification | Cut-off
grade
Silver
(g/t) | Tonnes (millions) | Silver (g/t) | Silver (million ounces) | Gold (g/t) | Gold (000's ounces) | Silver equivalent (g/t) | Silver equivalent (million ounces) |
| Open Pit | Indicated | 25 | 29.6 | 104 | 99 | 0.20 | 190 | 115 | 110 |
| Open Pit | Inferred | 25 | 47.7 | 86 | 132 | 0.16 | 245 | 95 | 146 |
| Underground | Indicated | 60 | 0.1 | 99 | 0 | 0.16 | 0 | 108 | 0.2 |
| Underground | Inferred | 60 | 1.9 | 124 | 8 | 0.21 | 13 | 136 | 8 |
| Total | Indicated | | 29.7 | 104 | 99 | 0.20 | 191 | 115 | 110 |
| Total | Inferred | | 49.6 | 87 | 140 | 0.16 | 259 | 97 | 154 |
LEVONS 310 Million Ounces of Silver is being Valued @ $0.06 cents an Ounce Not uncluding their $56 Million Cash on Hand.
