OTCQX:LVNVF - Post by User
Comment by
gheetsmithon Jan 15, 2017 9:30pm
195 Views
Post# 25711061
RE:Thanks Geet
RE:Thanks Geet$or2, The Penisquito mine is about 3 times as large in size. From what I can read they claim to have about twice as many resources as the Cordero property has Indicated (still more exploration to be done on Cordero) As i pasted below you can see that Penisquito is the largest silver mine by reserves in the world.
No need to run out and buy in a hurry I think you have lots of time to pick away at it. You cannot really compare when the price was $2 and try to do your math off of that. Lots has changed in the world since then. Remember that every penny you put into one of these kind of plays you have to be fully prepared to lose it all. So don't spend your food money.........g
Penasquito, Mexico
Penasquito, located in the north-eastern part of the State of Zacatecas, Mexico, is the world's biggest silver mine by reserve. The proven and probable silver reserves of the mine as of December 2012 stood at 911.8 million ounces (Moz). Silver contained in the mill ore was estimated at 869.52Moz, whereas the heap leach ore reserves were estimated to contain 42.28Moz of silver.