OTCQX:LVNVF - Post by User
Post by
NorthTeaon Sep 26, 2011 9:48pm
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Post# 19086616
FACTS = BUY
FACTS = BUY~66million in the bank.
~310m ounces of silver
Billions of ounces of lead, zinc
Newmont major shareholder
~198m shares outstanding
At $1.50 silver the value of Levon is $465,000,000 or $2.35/share -- this assumes zero value for zinc or lead. This also assumes that our CASH has NO value, this also assumes that the asset will not be growing even though we are heading into a drilling program that is double the size of last, this assumes that insiders have not been buying, this assumes that the world will stop spinning on its axis, this assumes that the european union, America (north and south) all of asia and africa are caught in a depression more sever than 1929 and more ominous than the irish potato famine and more deadly than the bubonic plague..........
If you assume all that then levon is only worth $2.35 --- if you make some modest assumptions that are slighly more rosy, like cash having value, like lead and zinc having value...then we start to head above $3, $4 and even $5.
Enough said.