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Revett Mining Company, Inc. Message Board

  • dbtunr dbtunr Mar 4, 2013 1:39 PM Flag

    MGN is down big today

    the nearby MGN mine which is not as far along as Rock Creek has their stock down hard today. I wonder if RVM sealed the deal by all this good will they have created. It would seem to me that Montana would only allow one of these two mines to open. Let the one with the proven track record open. the company that cares about its employees and the local economy. the company that hired a park ranger and donated thousands of acres for Grizzly Bears. The company that donated hundreds of thousands to the local schools to construct a gym.

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    • FYI - these two mines are literally less than 5 miles apart. If RVM were to get the permits for Rock Creek first, I would think MGN would sell their claims to RVM

    • MGN has ZERO revenue for years and has a market cap of about $30M or about half of RVM. The MGC proposed mine is about the same size as Rock Creek but a little smaller.

      In other words, MGN with no revenue and no Troy mine, and $15M less in cash than RVM, and a smaller mine in the approval phase and not as far along as Rock Creek, has an enterprise value (market cap minus cash + debt) of only $15M less than RVM.

      Yeah, RVM is going to $ #$%$

0.79-0.02(-2.47%)Nov 28 1:00 PMEST

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