NYSEAM:RVM - Post by User
Post by
GOLD8888on Nov 01, 2006 10:56pm
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Post# 11599650
Great Quarter Ahead !!!!
Great Quarter Ahead !!!!Remember that the last Quarter had the Troy mine flooded at the lower levels due to wet spring melt-off in Montana. Before this rain problem, the mill had already achieved 3,500 tons a day throughput. The setback pushed the tonnage numbers way down and production way down. All water problems were resolved by June......
Even with the flooding problem, Revett made 4 cents !!!!
So with copper average price better than last quarter and silver little changed, the numbers for this quarter at Troy Mine should be really good. My guess is 10 cents profit.
Also note that on the revettminerals.com website, the FACT SHEET for TROY MINE says that the mine is projected to produce 3.2 million ounces of silver a year for 5 years. They are only producing 1 million ounces at the rate of the last two quarters...... does anyone know if 3.2 million ounces is really attainable at Troy ?????