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Revett Mining Company, Inc. (DE Message Board

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  • whitesands_8 whitesands_8 Aug 19, 2012 2:06 AM Flag

    net income was 3.7 mil, now neg 2.2 mil

    BK ? You have got to be kidding! Far from it...

    They had some rains and snow melt limiting production, lower silver price, and a one time charge...Minus the rains and the charge results would have been quite good...The charge won't be happening in the next two quarters, rain ? who knows but this is quite common in mining operations..and the price of silver ? Well a bullish seasonal period is about to start and I wouldn't be surprised for silver to run up fast here pretty soon.

    Next two quarters should be quite good especially if we see a move in the price of their mining products.

 
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