Revett Minerals - currently WAY undervalued!

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Mon, Jun 20, 2011 - 4:51pm mouser
mrgneiss
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Thanks Mouser great info

Thanks Mouser, that is all great info.

Link to our updated penny stock list: https://www.kitcomm.com/showthread.php?t=68585 "The conscious and intelligent manipulation of the organized habits and opinions of the [public] is an important element in democratic society." Those who control this have the real power.
Fri, Jun 24, 2011 - 4:10pm
mouser
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Nice move for RVM

I hear that it was the Russell 3000 rebalancing that caused the buying splurge on the US side today on RVM. Revett traded , 1,382,923 on the AMEX today , according to my TD data, and added another 148.5 K on the tsx as it moved up 5.6% while most of the silver miner sector sold off. By far and away RVM's biggest volume day since listing on the US big board.

Tue, Jun 28, 2011 - 12:25am
SushiSioux
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SILVER MINING AND A FALLING EROI CASE STUDY: REVETT MINERALS

SGS posted: SILVER MINING AND A FALLING EROI
CASE STUDY: REVETT MINERALS – TROY MINE
By: SRSrocco

https://silvergoldsilver.blogspot.com/2011/06/guest-post-silver-mining-a...

Tue, Jun 28, 2011 - 12:45am SushiSioux
maravich44
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RVM

Sushi, I had a different read on this,mainly that they have leveraged future profits/assets at current levels which will have a negative impact on earnings. Not bashing(Don't own any) Just an observation.

Tue, Jun 28, 2011 - 11:22pm
mouser
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UH these fellows that think

UH these fellows that think grade is everything and that 1 oz per tonne silver with copper at .41% isnt workable are mostly out to lunch.

Some of the most profitable miners are low grade big tonnage, and some of the highest grade mines cant make it , if they are chasing deep underground narrow veins.

Revett's hedging is only for this year , 2011, and for a very tiny part of their resources. Troy alone has over 90 million ozs silver and 850 million lbs of copper, never mind Rock Creek.

I believe they had delivered nearly half of the total hedged silver as at MAY 31,

I expect earnings to be better than .10 a share in this Q to be reported in AUG, even after the hedging losses are accounted for. NOT BAD for a stock trading at just over $4 and in control of over 300 million silver ozs in ground, and a few billion lbs of copper.

Lets see how they stack up against all the other favorites here as far as Price/ earnings.

We already know they have more silver per $ of market cap than any other miner out there.

Tue, Jun 28, 2011 - 11:27pm mouser
TheGoodDoctor
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A little of topic but since

A little of topic but since you mentioned copper, Taseko just hedged for $3.50 copper. Interesting.

“Gold is the money of kings; silver is the money of gentlemen; barter is the money of peasants; but debt is the money of slaves.” Norm Franz
Wed, Jun 29, 2011 - 12:02am
mouser
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No actually they bought puts,

No actually they bought puts, not quite the same as selling at 3.50.

Taseko Mines Ltd. has purchased put options on approximately 90 per cent of the company's 2012 copper production, which ensures a minimum selling price of $3.50 (U.S.) per pound. The puts were financed by selling financed calls at an average strike of $5.07 (U.S.) per pound at a cost of 10 cents per pound.

If I understand this rightly, they will get somewhere between 3.50 and 5.07 for the copper this next year. And even if copper were to drop to 2 $ they will still get 3.50 a lb realized price.

However with the covered calls , the max they can get is also about 5$ a lb on 90% of the production. So if copper goes to 7 $ they will take a big paper loss. BUT they will be making money.

Wed, Jun 29, 2011 - 1:15am mouser
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Doh! My bad.

Doh! My bad.

“Gold is the money of kings; silver is the money of gentlemen; barter is the money of peasants; but debt is the money of slaves.” Norm Franz
Wed, Jul 6, 2011 - 5:44pm
Super_Douche
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When will it pop?

How much do you think RVM will rise before the 14th? Or will people wait to hear what the judge has to say. I would assume that investors would jump in before the ruling, because if we get positive news this thing is going sky high. Just my opinion.

"There is no inflation and unless we get some soon we will all be in trouble." -Paul Krugman
Wed, Jul 6, 2011 - 5:50pm Super_Douche
Kegfreak
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RVM ruling on the 14th

I personally bought some RVM last week just in case. I think it will take some time for RVM to get rolling, but I want to be there when it does!

AND FOR GOD SAKES, PUT DOWN THE CAT AND PULL UP YOUR PANTS!!!!

Wed, Jul 6, 2011 - 7:46pm Kegfreak
zman
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Ruling

I will be watching for news on the ruling on the 14th, if approved, I think I will buy the longest dated call option available, we watch and wait.

Thu, Jul 7, 2011 - 7:54pm Kegfreak
DFrat
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It seems like many are buying

It seems like many are buying in anticipation of a definite decision on the 14th; does the decision have to be decided on the 14th, or can this be prolonged indefinitely?

Thu, Jul 7, 2011 - 8:14pm
mouser
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A s far as i  know , this is

A s far as i know , this is just oral arguments being heard and the court case will go on for another few months. Eventually the judge will rule tho , quoting the new laws passed in Montana, which say a MEPA review can no longer hold a project back. I suspect RVM will begin developing that project either late this year or early in 2012.

Good timing i think , as copper looking like it may run up near 5 bucks ( RVM has about 3 billion lbs in situ) and silver looking to test new highs this fall. As well RVM silver hedge will be done by year end and the copper hedge as well.

I dont believe we will see more hedging until Rock Creek becomes close to commissioning .

RVM is debt free and should report their best Q ever in AUG, so about a month from now.

Locked and loaded.

Thu, Jul 7, 2011 - 8:21pm
DFrat
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Thanks, Mouser...kinda

Thanks, Mouser...kinda figured you'd be on top of things.

Wed, Jul 13, 2011 - 8:17pm
mouser
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RVM tightly held

Not many shares floating about on RVM and that is why you sometimes see a .25 or .30 move on 50,000 shares traded.

According to the latest RVM presentation....

As of JULY 1 these 4 institutions held over 40% of RVM shares cumalative total. Other inst holders , management and employees are over and above those numbers.

Silver Wheaton 16%

Trafigura 11.1%

Libra Advisors 9.3%

US Global 5.2%

Total= 41.3 %

Thu, Jul 14, 2011 - 6:56am mouser
Ernie Pantusso
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Sprott and rvm

As a RVM and a Sprott's fan I don't understand why his group doesn't have any cent invested in it.

Even if rock creek should get blocked forever, which is very unlikely, there is anyway troy as a profitable mine

On the other side, Sprott is invested in stocks which at present are for sure riskier than Rvm (Arian)

Thu, Jul 14, 2011 - 9:20am Ernie Pantusso
mrgneiss
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Ernie Pantusso wrote: As a

Ernie Pantusso wrote:

As a RVM and a Sprott's fan I don't understand why his group doesn't have any cent invested in it.

Even if rock creek should get blocked forever, which is very unlikely, there is anyway troy as a profitable mine

On the other side, Sprott is invested in stocks which at present are for sure riskier than Rvm (Arian)

I guess it just goes to show you nobody is perfect! Plus, remember, RVM was on the verge of bankruptcy in 2009, but some nice moves by John Shanahan averted it.

Link to our updated penny stock list: https://www.kitcomm.com/showthread.php?t=68585 "The conscious and intelligent manipulation of the organized habits and opinions of the [public] is an important element in democratic society." Those who control this have the real power.
Thu, Jul 14, 2011 - 10:45am mouser
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SLW

If it's good enough for Silver Wheaton it's good enough for me! Hopefully someday I can own 16% of RVM.

"There is no inflation and unless we get some soon we will all be in trouble." -Paul Krugman
Thu, Jul 14, 2011 - 12:01pm
bert3798
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RVM hedging

Hi all,

I quit RVM for a little profit when i learned that they hedged 1/2 of their copper at 2.94$ .

I haven't read the whole thread, it might have been mentioned before or they might have eliminated those hedges.

I did my DD then, do yours, because i do not participate in your winners or loosers.

Bert3798

Thu, Jul 14, 2011 - 1:13pm bert3798
mouser
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ah  actually they hedged half

ah actually they hedged half their copper for 2011 only and that was at 3.55.

Revett expects 1.3 million oz Ag from Troy in 2011

2010-12-22 06:33 PT - News Release

Mr. John Shanahan reports

REVETT PROVIDES OPERATIONAL GUIDANCE FOR 2011

Revett Minerals Inc. has released its 2011 operational guidance for production from its Troy silver and copper mine in northwestern Montana.

Production at the Troy mine is expected to be approximately 1.3 million ounces of silver and 11.0 million pounds of copper for 2011. Based on the current mine plan, mill throughput is anticipated to average 4,000 tons per day, and grades are expected to improve, averaging 1.20 ounces per ton silver and 0.46 per cent copper, as more production is gained from the recently developed C-bed area. Production costs on a net-of-byproduct basis are expected to be $3.32 per ounce of silver and $1.48 per pound of copper; on a co-product basis, costs are estimated to be $10.39 per ounce of silver and $2.08 per pound of copper.

Ensuring around 75 per cent of the company's operating costs are covered, Revett has hedged approximately 25 per cent of its 2011 estimated silver production at $19.00 (U.S.) per ounce and 50 per cent of its estimated copper production at $3.55 (U.S.) per pound. The remaining 75 per cent of silver and 50 per cent of copper production enables the company to fully capitalize on higher metal prices.

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