NIA’s Brand-New Silver Pick Levon Resources Off to Amazing Start
24 hours ago, NIA announced Levon Resources (LVNVF) as its brand new silver stock suggestion. It is already beginning to skyrocket and gained 11% yesterday to $0.30 per share on strong volume.
LVNVF has 199.85 million shares outstanding and a market cap at $0.30 of less than $60 million. LVNVF has $39 million or $0.20 per share in cash and no debt, giving it an enterprise value at $0.30 of only $21 million. LVNVF's Cordero silver project in Northwest Mexico is the world's third largest known undeveloped silver resource with 364 million indicated ounces of silver and 91.2 million inferred ounces of silver – for a total silver resource of 455.2 million ounces.
LVNVF's Cordero also contains an indicated gold resource of 945,000 ounces and inferred gold resource of 152,000 ounces – for a total gold resource of 1.097 million ounces. Based on the current gold/silver ratio of 63, LVNVF has an indicated silver equivalent resource 423.5 million ounces and an inferred silver equivalent resource of 100.8 million ounces. LVNVF has a total silver equivalent resource of 524.3 million ounces.
With an enterprise value at $0.30 of only $21 million, LVNVF is currently being valued at only $0.05 per indicated silver equivalent ounce!
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