Levon Resources Ltd (New) LVNVF

Metals & Mining Industrial Metals & Minerals

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

Levon Resources Ltd (New) > Next move?

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Comment by NaturalCurrencyon Jul 09, 2016 8:27pm

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Post# 25038664

RE:RE:RE:RE:RE:RE:Next move?

cbew, agree with most of what you say. But I don't think the management wants to get take out at ~$5. My recollection, looking at the info on website and interviews, is that Ron believes silver has much higher to go beyond $50. I would not be surprised if they continue to add value by de risking project further and hold out for a ~$25 valuation (a few billion $ mc). The world is running on fumes in terms of silver deposits, and Codero will command huge value at high silver prices. No wonder insiders have large stake - they don't want to give up company to an opportunistic low ball offer. All my personal opinion based on publicly available sources of info.

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