NYSEAM:RVM - Post by User
Comment by
mousermanon Nov 16, 2011 9:10pm
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Post# 19243634
RE: RE: RE: Rock Creek
RE: RE: RE: Rock CreekHowdy folks great news, and i hope the TA traders and shorts got their azzes handed back to them .
When i last talked with IR from RVM they told me the first few years of Rock Creek development will be totally funded from Troy Mine profits, there wont be any dilution in the near future. I would be more worried about a major coming in and taking out this undervalued, profitable miner, at a huge discount to what the future value might be.
RVM already has the people hired and working at TROY on the similar type of deposit that are more than able to do the development work at Rock Creek. This company is not a blue sky explorer with huge pump and hype but no proven ability to make a mine work.
Troy Mine is just hitting its sweet spot and there is room for more expansion and bigger profits from there, and plenty of resources in ground.
This one was a no brainer under 4 $ and still a nobrainer hold here . Patience is the key, Rock Creek will go eventually and the market will revalue the assets of RVM EVENTUALLY. As i had stated in many previous posts, RVM was getting less than zero for Rock Creek assets, as they are undervalued just on TROY mine alone. They were trading at a ridiculous low P/E ratio for a miner with no debt before today, just based on results from Troy. Rock Creek should be worth 10 to 20$ per share on its own merits.
Revaluation will be up, and up by more than just a few %.