GREY:LVNNF - Post by User
Comment by
1coffeeon Jan 28, 2018 2:25pm
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Post# 27450244
RE:RE:RE:RE:RE:coffee LVN is not really a explorer anymore
RE:RE:RE:RE:RE:coffee LVN is not really a explorer anymorethanks for clarifying my clarification heywood!
When I saw for the first time Levons numbers, the amateur that I am went something like this: 480M oz silver indicated resources, ok, let's say the company was very very, very optimistic by this estimate, let's say, when they will convert it into measured, it will be 30% less.
You have now 320M measured resources.
When silver price will rise over 20 (soon), that could turn into what, 200 M reserves? Am I being too much conservative?
A company with easily 200M oz silver reserves at 40M market cap?
And I'm out?