OTCQX:LVNVF - Post by User
Comment by
bunjejumpon Aug 20, 2014 11:04am
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Post# 22860077
RE:RE:new PEA
RE:RE:new PEAJust a couple of things to remember about the PEA. The existing 2012 model doesn't reflect Aida and in fact discounts the project by 70% becuase we didn't have it on board. I wish they had done an update to remove the discount factor.
The new PEA will eliminate the discount and add the new drill results and go from a 40,000 TPD mill to an 80,000 TPD mill.
We should not expect a new PEA to come out until silver moves to a higher level, probably somewhere over $30. The work for the new PEA is being done, but the feeling I get is that with the silver market currently driving the train for investors in mining stocks that the company would get more bang for the buck by waiting until the overall market interest is there.
The new PEA should give us all a better idea of the numbers in terms of income and expenses and IRR once it is out. I do think that the new 43-101 will give us some idea of the underlying value.