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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

Comment by NaturalCurrencyon Apr 24, 2017 8:46pm
337 Views
Post# 26160225

RE:RE:RE:Hi,everyone

RE:RE:RE:Hi,everyoneI have an opinion on SSV. SSV has 125M aq eq for their flagship property CLM. They are looking to double or treble it with current drilling (new resource estimate due ~July). Exploration is being funded by billionaire Thomas Kaplan (you might want to bing his previous findings, San Cristobal in Bolivia, and current investments). His company, Electrum has 60% option on CLM. In addition, Electrum owns 40% of SSV shares. I totally see this being bought by Kaplan to merge with his privately owned Sun Shine silver mine out of Idaho. Kaplan floated a special purpose vehicle ELCU (listed on Nasdaq) with a corpus of $200M and a mandate to do a business combination with a precious metals company. I would not be surprised if that is used to buy SSV. This is a buyout play and I see the target price in the range of CDN2~3 in Q3-Q4 of this year. Btw, the CEO of SSV is an old hand who sold his silver discovery Penasquito mines (then Western Silver) to Glamis gold For $2~3Billion which was further acquired by Goldcorp. Having said that, I believe long term share price appreciation for LVN (if it is not bought out would be much more). In full disclosure, I have 200k shares of LVN, 250k share of SSV, and 250k warrant of SSV (not exercised yet). For silver lovers, another company you might want to check out is Azarga Metals, they just came out with a maiden resource with minimal drilling, and in the end we would see half a billion oz of Ag plus lots of copper. All my personal opinion based on public sources of info.
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