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Revett Mining Company, Inc. (DE Message Board

  • what? Gold down. Silver down. Stocks down. RVM up?

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    • You need to switch to mgn. Clearly the market thinks rvm will spend all that 21 million on troy just in time for it to be uneconomic with the drop in silver and copper prices. Revett is trapped because if they don't spend on troy, they will lose support for rock creek. The value of troy is negative 10 million. mgn is clearly a better value ,because they have no active potential mine in the near term to sink money in to. Dbtunr, this is part sarcasm. Of course rvm and mgn both will continue to decline because they need to keep spending on salaries administration, permitting. They will then have to raise money -dilute the stock etc. At what point does the whole sector just hoard cash and merge with each other ? The whole jr mining sector model is broken. Stop spending money on exploration or marginal properties and just buy up other companies that have fallen worse than you have.

      Sentiment: Hold

0.46790.0000(0.00%)Jun 15 4:01 PMEDT