RE: Rvm , huge silver and copper Asian,
There are a number of issues here. They have a lot of silver HOWEVER it is very low grade. One ounce per ton. That puts their all in cost of silver at about $30 an ounce. Great leverage to the price of silver both up AND down. With silver in the low thirties the profit margin is small.
Rock Creek has been a thorn in their side for years (a decade now). It's a never ending saga that continues to be delayed. "approval within the next 12 months" has been the mantra forever. Investors are just tired of waiting.
I hold a boatload (with a current loss of $100,000) and I'm starting to get worried about the cost of the Rock Creek mine once it does get approval.......
NEW YORK (TheStreet) -- Revett Minerals (AMEX:RVM) has been upgraded by TheStreet Ratings from hold to buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, increase in net income and attractive valuation levels. We feel these strengths outweigh the fact that the company shows weak operating cash flow.Risky play with huge upside if all the pieces come together. A big IF at this point.
Regards,
Icarus
Upgraded to buy today by the street: