The Conversation (0)
In an interview with Resource Investing News, Euro Pacific Capital Analyst Bhakti Pavani discusses why Levon Resources (TSX:LVN) has been able to succeed in today’s tough markets.
RIN: Not all silver-focused companies have been able to thrive in this price environment, but some certainly have. Where does Levon Resources fall on that spectrum?
BP: Levon’s strong cash position should help it thrive in this price environment. Management has been very smart in utilizing cash. The company just announced a 9.9-percent stake in Pershing Gold (OTCMKTS:PGLC), which recently received the permit to begin production at the Relief Canyon mine, Nevada. We believe this investment will generate substantial value for the company’s shareholders in the long term. The diversification strategy adopted by management should help in the long run.