Revett Minerals Inc RVM

Report & update

[finvestor]

I found this research report today, good roundup for new investors > https://www.caesarsreport.com/reports/revett-minerals-inc/

The recent drop seems exaggerated to me...

The company has not provided a definitive timeline, but Revett hopes to return to resume all underground operations within 2 weeks. As we are entering the Christmas and New Year’s period, we however don’t expect full output before the 2nd half of January 2013.

Although the company believes the difficult ground conditions have been stabilized, Revett isn’t taking any risk and will start monitoring ground conditions on a daily basis. Revett Minerals has a strict ‘safety first’ procedure, so we can only respect their decision to suspend operations at Troy.

https://www.caesarsreport.com/blog/revett-minerals-suspends-underground-operations-at-troy-mine/

[MrLaw]

I hope this isn't too bad... 

[tast22]

I'm also hoping this is just a somewhat minor glitch. Sounds like they had a "slide" or something outside of their mine close to some equipment. Reports are vague but they need to take precautions. Selling is way overdone, I suggest, but the bottomline will take a hit but remember the ore is still there to be mined, just slightly delayed.