Post by
Heywood_Silvers on Jun 19, 2018 11:44pm
random observation
Wildcat Silver (aka AZ Mining) was just bought out for $1.2 billion. Levon is very similar to AZ. AZ hung their hat on zinc whereas LVN has more gold/silver in their Cordero project. The NPV for AZ's project is about twice that of the Cordero project, but I believe the market will ultimately swing back in favor of the precious metals, not that the Cordero project is lacking any zinc/lead.
If you take half of $1.2 billion and divide that up amongst 200+ million shares (AZ had well over 300mm shares outstanding) this is in the ballpark of about $3 per share. This confirms my initial target of mid $2s when investing in LVN.
As another comparison, AZ in a span of 3 years from 2015 - current achieved a 23 bagger. What would a similar performance for LVN bring the share price to? Right around my $3 estimate. These are all rough calculations, but it reinforces my belief that once you scout out the solid projects you just have to invest and be patient.
Comment by
seanyboy on Jun 20, 2018 6:41am
To patience and prosperity... my thoughts to a tee HwS. Best wishes.
Comment by
lechmeir on Jun 20, 2018 11:18am
We can hope... This company has a good story. No reason not to be patient.
Comment by
Poorcharlie on Jun 20, 2018 3:38pm
Thanks for the observation, however your numbers are a little off. A $600,000,000 buy-out would be a little higher than $2.00 / share PC. Levon Share Structure Shares Outstanding 125,617,907 Options Outstanding 8,846,000 Warrants Outstanding 2,571,214 Fully Diluted 137,035,121
Comment by
lechmeir on Jun 21, 2018 10:08am
Stockhouse shows LVN with an OS of 124.5 million shares. Are they off on that? $600 million would give us $4.82 give or take... That would be quite satisfying, eh?
Comment by
Poorcharlie on Jun 21, 2018 3:39pm
StockHouse and Levon's numbers are close. Stockhouse may not take into account the warrants and options. But close enough to make your point. A 20 bagger plus from here if we were bought out for $600 million. Yes I would find that quite satisfying. PC
Comment by
Heywood_Silvers on Jun 21, 2018 10:44pm
Yes, and remember the 2011 highs around @2.30 were prior to aquisition of the strategic Aida claim and the currently beefed up resource base. This absolutely will be in the $2 - $3 range before this joyride is over.
Comment by
peasoupfog on Jun 21, 2018 10:55pm
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