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Levon Resources Ltd (New) V.LVN


Primary Symbol: 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

Post by abuckor2on Jan 15, 2017 8:48pm
188 Views
Post# 25710966

Thanks Geet

Thanks GeetI am going to take a postion on this one starting tomorrow.  I looked at the kitco charts and zinc has
doubled in price since last spring.   Warehouse levels have dropped steadily over the past 5 years
and from what I have read demand is gong up about 5% per year.

Looking back to when LVN was around $2 there were almost twice as many outstanding shares,
usually the exploration companies are going the other way with outstanding shares.  From what I read that came about with the biotech transaction.  Doing some math and comparing to previous 
value,  if we see high silver prices again and zinc stays in favor, this could be a $3-$4 stock.   I like it.

I have heard of the Penisquito mine in mexcio but was not aware that Goldcorp owned it.  Do you know how the Cordero property compares to that one in size and resource?
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