Levshares 3X Nvidia Etp LVNVF

Updated Resource Estimate

[cbew]

We should be getting very close now to an updated Resource Estimate on the property being released.   My guess is we could be looking at an expanded resource of upwards of an additional 10 - 20% increase in all  metals in both the indicated and inferred catagories. 

After this we can then expect a revised and updated Preliminary Economic Assessment.  This time the PEA should be done using 100% of the resource instead of just 30% when it was done in 2014.  With the huge increase in resources since the last PEA,  the mining operation can very well support a doubling or tripling of capacity up to 120K tons/day instead of 40K t/day in the original PEA.   A larger mine will also  bring down the operating cost per ton of ore mined.  This will have a major effect on the payback period and IRR of the mine. 

With these major reports coming down the pike in the next few weeks/months we should be getting more interest in the stock very soon.  IMHO this low share price may not last very much longer.