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Levon Resources Ltd (New) LVNVF

Levon Resources Ltd is a Mexico based company which is engaged in the mining business. The company is involved in silver, zinc, lead, and gold mining but majorly focuses on only silver mining. In terms of revenue, the organization receives more revenue from their Cordero project. The company restricts itself only in Mexico and does not exports.


OTCQX:LVNVF - Post by User

Bullboard Posts
Comment by Poorcharlieon Jul 17, 2014 10:25am
249 Views
Post# 22754959

RE:Question - LVN

RE:Question - LVNThe strategic alliance is new in their wording, but what I believe, is they are open to work with others to bring in the best value for share holders. This has always been an exploration company not a mining company. The main plan is to asses the reserves and sell to a major. Ron the CEO is the largest single shareholder at this time. I have heard up to ten mining companies have signed up to review the project and if what I am hearing is correct there are 3 who have resigned. What we are all waiting for is the 43 -101 report due out any day now. We are expecting a substanial increase in reserves. With insider buying recently and core samples showing improved resources, the anticipation is to prove up Levon has a resource worth multiple dollars per share rather than the pennies it is currently trading at. Please note their past report was focused on $25.00 silver. It will be interesting to see if that number comes down with potentially higher grade from the most recent drilling. PC.
Bullboard Posts