Levon Resources Ltd (New) V.LVN

RE:RE:RE:RE:RE:RE:Weakness in Sp

[seanyboy]

I understand you better now LRG. I remember when silver was stuck between $4-6 for years, and I'm not particularly old. Like other investors here I expect higher prices and I think $40+ sustained is quite likely.

Imagine telling an Ancient Roman that the hourly wage of menial labor in Seattle is worth an ounce of silver, a day's work being worth 8 ounces. That's using today's price.

I do realize that the fall of the dollar story implies then the input costs like electricity and a plant and mining fleet will also be a lot higher than a pre-feasability study would estimate. 

Still, with the silver market being so tiny and the huge 99 percent (or whatever the actual number is) of wealth that prefers non-precious metals assets, this looks to me like an amazing place to be. I'm willing to be proved right or wrong over 5-10 years but my position is big enough that if I'm right I'll be living well and retiring early. If not, I don't mind my job, it keeps me relatively social. ;)

Best of luck to you as well.