Levon Resources Ltd (New) V.LVN

Primary Symbol: 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) > News - Drilling Completed

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Comment by Baymanon Sep 21, 2017 7:07pm

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Post# 26728442

RE:RE:RE:RE:RE:RE:RE:News - Drilling Completed

Chuck8,

this went to $2.25 I think, in 2011, and at that time there were over 200 million shares OS. Now we have 125 million shares, so the equivalent high would be almost $4 a share just to get back to the 2011 market cap. If the PM prices and zinc/lead prices can stay up or increase, and there is good data from the just completed drilling, there is no reason we could not get back to the old highs, and if ducks really line up, it could go to $5+. However, things would really have to click for that. Also, they have 2 million shares of PGLC, and that may start to rally as well.

chuck8 wrote: Why is this stock so cheap? 488M ounces silver, 1.3M ounces gold, 9B pounds zinc and 4.7B pounds of lead seems very encouraging. I own a small position for past several years when sp was 50% higher than now and haven't looked at it for a while now but surprised that its still so cheap. I saw that Ron Struthers' newsletter spoke of pending drill results in the core that should vastly increase resource estimate. Ideas on upside sp potential?

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