OTCQX:LVNVF - Post by User
Comment by
NorthTeaon Jun 16, 2011 8:40pm
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Post# 18726760
RE: How Many Ounces
RE: How Many OuncesAs far as the market is concerned...the only thing that is being priced is the existing results and some speculative report put out by jennings that speculated 129m oz equivalent of silver...why/how do you get 250m oz being priced...unless you have a reason that i do not know about it seems absurd to make that sort of statement.
Never fun to see stock sliding and without news people get nervous -- but the 43-101 should be out soon and we will all have a chance to pour over it. For the record I am expecting more than 129m oz but have no real idea where it will end up. As a previous poster noted -- the company has a huge war chest of over $70m, is finishing up phase 3 and will probably move on to phase 4...we've got a growing asset and a shi$%y stock market...so the value is growing while the stock price is sliding because of panic and distress...seems like a perfect storm for longs.
By the way -- we currently have about 36cents per share of cash in the bank...so the market is pricing the deposit at $1.14/share.....which is what we were valued at when silver was trading in the low to mid 20s and we did not have as many holes in the ground.
GLTA