TSXV:NORA.H - Post by User
Post by
Easy2Mineon Dec 17, 2012 9:48am
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Post# 20739256
Next Silver Buyout Candidate - LVN
Next Silver Buyout Candidate - LVN LVN has 310 Million Ounces Silver - Going for $20 Million Bucks
Levon Resources (LVN on TSX) Expect Cordero to produce an average of 12.3 Moz silver annually once in production making it one of the largest silver mines in the world and Levon one of top 20 silver producing companies in the world. Based on NAV, Levon shares are trading at 0.1x NAV. The market cap of the company is C$ 76 MM when it has C$ 56.5 MM in cash.
https://www.levon.com/i/media/video2.html
They have $55 million in the bank worth 28 cents per share and ignoring the other metals, Levon is sitting on a lower grade 310 million ounce silver deposit. With 200 million shares outstanding the market currently values that resource at only $20 million, or six cents per silver ounce – this is one of the lowest silver valuations in the junior sector.
310 million ounces silver
900,000 ounces gold
5.3 billion pounds zinc
2.9 billion pounds lead
https://www.levon.com/i/pdf/Presentation.pdf
Levon has a big, attractive resource and is well cashed up. The stock is so very cheap at these levels and this is exactly the sort of deposit a major would like to get their hands on. It would seem likely that Levon will be taken soon IMO. My Guestimate $1.50 conservative. Smart Money knows that waiting too long will cost them more later
