GREY:LVNNF - Post by User
Post by
Heywood_Silverson Oct 24, 2017 11:37pm
250 Views
Post# 26854129
Interesting article on LVN
Interesting article on LVNhttps://www.businessviewmagazine.com/levon-resources-ltd-watching-silver/
Article is from earlier in the year but a good read. Ron believes that the project will eventually be sold for about $1 billion. Let's say for sake of argument that prior to the eventual sale the share base doubles to 230 million shares. This would equate to about $4 a share netted via an acquisition by a suitor.
My target for LVN is at least $2.50, given your standard 50% premium during a buyout and my rough back of the envelope calculations are in the ballpark.
Great time to pick up more shares (I did today) as they are on sale. This is an easy 10 bagger from these levels, even more if the shares do eventually net near $4. Cordero is a world class asset and will be highly coveted by the majors in the future.