Revett Minerals Inc RVM

Rock Creek

[pilk111]

At today silver and copper prices the deposit would be worth something like 18 billion $ ?  (correct me if I am wrong)

Yet our market cap does not even cover what we get at the Troy mine.

this is insane

[tast22]

With silver in the dumpster today, it may take some time to get the real value of this announcement out to the traders. We need to hear from the company about just what this decision means to them. Where do they go from here? Are there anymore snags in the road? They still need to apply for a mining permit I suspect. I will be accumulating below $5.50. I have no doubt

[Agman]

Hard to judge what the "insitu" value is. Better question IMO is what will it cost to get a mine/mill up and running? If it cost, say, $500 million, then co. will obviously need to dilute shareholders and at what cost? Getting the SP up certainly doesn't hurt - not sure this will ever get to fruition as major will most likely take this out. Based on s/o currently, we could run to $10

[billioncubicft]

Yep,Let it run to 10  and then it's not a big deal to sell 50 000 000 sharres.    We can now begin to make future comparisons to companies producing several million oz of silver.

[pilk111]

They mentionned the cost would be around 300 million $.  If we could finance at 10$ it would only be 30 million shares added.  The CEO did mention in the youtube interview that they could finance part of it with money from the Troy mine.I too think this could be a takeover candidate.  It is the largest undevelopped silver deposit in the USA and one of the biggest in the world. 

[mouserman]

Howdy 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