OTCQX:LVNVF - Post by User
Post by
NorthTeaon Sep 11, 2011 9:54pm
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Post# 19031320
target
targetbuddy of mine told me that there is an analyst in the US with a target around $4.90 -- mike churchill. if anyone can get his report and share -- with his permission it would be great.
like all longs i shake my head each day -- here we sit with a resource of 300+ million ounces, have ~$68m in cash, silver trading near all time highs, phase 4 soon to begin which will be double phase 3 and still leave us with over $40n in the bank...the fact that we are not at $3 today...let alone my target of $7 is nucking futz!!
anonymous is a dead hedge fund or an overleveraged idiot who is taking us all down...good riddance. i have no idea how much longer this poor shmu.. will be selling but sell he will -- do you realize that if you back out the cash we have we are really trading below 90 cents!!! we have not seen these prices since before a 43-101. clearly no fundamental trading going on here.
Enough with my ranting -- i am curious what other people use as a value of the silver in the gound - $2/ounce - $5/ounce is the range i am hearing. anyone know what industry standard is?
Here's looking forward to anonymous choking on a chicken wing or finishing his selling -- once that happens we should see the underside of $2 in no time.