GREY:LVNNF - Post by User
Post by
OnDaBallon Oct 02, 2013 9:42am
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Post# 21783886
Price of Silver
Price of SilverLevon is very dependent on the price of silver. To be a profitable venture, silver price must be at $25/oz. An updated price at the moment is $21.41/oz +$0.36. Ideally we want the price of silver to go up over $25 (preferably over $30) around the beginning of 2014 as that will be the time the Phase 4 drilling results will be reported (perhaps preliminary results will be known before then, but will not be reported until all drilling is done). Until then I expect that share price wil fluctuate between $0.30 and $0.40 as silver price hovers around $22-$23/oz. What would help a lot is if some institutions start to get involved. That would elevate the price of our shares. The positive aspect of all this is that none of the prime players (Ron Trembly, et al) are selling and in some cases are even increasing their holdings. Hold tight.
IMO if the US defaults on its debt, i.e. the Tea Party manages to keep the debt ceiling from being raised on Oct 17th, the price of gold and silver will sky rocket, and so, too, will Levon. But the default is not really a desirable occurence!