Revett Minerals Inc RVM

Stick a fork in it

[Icarusonfire]

You could see this one coming from a mile away.  Before the shutdown at Troy, their all in cost of silver was in the $27 to $29 an ounce range.  With copper crashing there was no way they could make a go of it at today's prices.  The shutdown of the mine due to the earthquake came at the perfect time, they couldn't have made any money over the last year and a half with silver below $25 anyway (even with the I beds)!

My only question is where is the Rock Creek permit?  You'd of thought we would have heard something by now!  Did they place this on the back burner because there is a time limit on developing the mine from the date the permit is approved?  And they know they don't have the money to develop Rock Creek any time in the near future?

[benandemmiboo]

Stock will go up on M&A speculation. As for Rock Creek, they're hoping to release the draft environmental report by mid-year, and are working on permits.  Not sure if miner will get permits for Rock Creek -- they will kill some trout, and likely cause some damage to a river --  but if they do, stock will soar, and company will be sold. It was a good gambling stock a month ago

[TELEMARKER]

The I Bed development drift has been extended beyond the North C Bed production area with 5,400 feet of development drifting remaining to reach I Bed mineralization. Keep going - 1 mile to go

[DosCervezas]

Even if there would be a time limit I think Revett would just team up with for instance Hecla to secure funding, so I don't think that's the reason. Government agencies just work slow, I guess ;)