This one is valued at 1/5 of other SilversSorry this is so long..... but I got carried away.....
Revett market cap is valued at 22 cents per silver ounce equivalent. No other silver producer is even close to this low in Market Cap per ounce. Before their recent consolidation, they were selling a 7 cents per Silver equivalent ounce. That is almost free......In addition, for every ounce of silver they produce, about 5 pounds of copper is generated which is now surging to $4.25 a pound.
In other words, after the recent surge you would think this stock was at fair market value, but it is still way undervalued. Remember, copper and silver is surging and will continue to surge in tandem, their grades are supposed to improve by 50 %, Troy has extra refining capability and could produce alot more, they are debt free as of last quarter, they are profitable and they are a U.S play (No international/political risk), only 33 million shares and Rock Creek will be fast tracked because of the upcoming metals shortage. I see them doing 80 cents a share profit in 2011 ...... easily !!!!!!
The only explanation I can see is that they are unknown. Maybe a listing on AMEX will do them wonders. Meanwhile, go to goldminerpulse.com and click Silver List. You will see that there is no producing silver even close to Revett. (MMN on the other side of the mountain is not producing so do not count them).
Other reasons.....
All the metal stocks are being rigged downwards by minions of the Fed.......doing naked shorting and other tricks so this also has a major effect on all precious metal stocks. The media runs story after story of the gold/silver bubble that is about to crash. All financial publication label gold as "too volitile". Meanwhile gold is up an average of nearly 20 % a year for 10 years straight.... and no one owns it or wants to own it until recently. In 1980, 26 percent of all money was in mining shares or bullion.... now less than 1 % of all money is in gold/silver !!!! That is certainly not a bubble !!!! After a 10 year bull run of nearly 20 % a year, when savers are making 2 % and stocks have lost 12 % over the last decade, still the average investor will not go near gold/silver !!! Amazing brain wash by the powers that be !!!
In addition, the ETFs divert 10 of billions of dollars that would go into the mining shares / gold bullion into paper gold/silver. The ETFs only have pictures of bars on their website.... do not be naive..... if they really had the gold/silver bullion they say they do, they would suck all the physical from the market and gold would be $5000.00 an ounce and silver $80... right now. Read the ETF prospectus - they make it impossible to convert you ETF shares into metal. They are purely a deriviative. When they get the money for shares of the ETF, they use the money to short the metal. Look at JPM - They are short 3.3 billion ounces of silver and have 25 lawsuits against them, but they are the custodian for SLV - the largest silver ETF that supposedly has 10000 tons of silver. Ha, Ha, Ha..... talk aoubt a conflict of interest....what a joke.
They took this stock down to 2 cents at one point after the Fed induced nosedive in the fall of 2008. This was to flush out all gold/silver speculators and spank good anyone that invests in the anti-dollar - precious metals. Two cents !!!!! Can you believe it ?????? These guys have half a billion ounces of silver, 2.5 billion ounces of copper and a running mill and they are worth 2 cents a share in January 2009. Ridiculous and preposterous take down.