NYSEAM:RVM - Post by User
Comment by
Icarusonfireon Jun 10, 2015 3:54pm
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Post# 23817339
RE:Prospects for Revett Going It Alone Again
RE:Prospects for Revett Going It Alone Againjavaman12 wrote:
Please correct me if you think that I am wrong! If Hecla mining can make a profit during difficult times, why can't Revett make money and remain a going concern when prices are improving? Am I wrong to think that Revett should reconsider their thinking on this decision? What do you think? All the best!
Hecla has the cash to burn to get this fire started. Revett doesn't have the cash to quick start the mine even if silver jumped in price by 50%!.
This miner became a basket case when the price of silver dropped below $30 an ounce. Just can't make any money with silver at $17........It has No money to develop new mines, or to fight the environmentalists........which means it stays in limbo forever if it goes it alone.
Icarus