OTCQX:LVNVF - Post by User
Post by
Heywood_Silverson Jun 19, 2018 11:44pm
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Post# 28196427
random observation
random observationWildcat 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.