In NIA's profile of Revett Minerals Inc. (RVMIF) (TSX: RVM) on March 22nd we stated in regards to their Rock Creek prospect, "if the judge issues a negative decision, we could see a short-term sell off in the stock". NIA went on to say, "If the judge's decision is unfavorable to RVMIF and the stock declines in the short-term, we would consider it to be a blessing in disguise for NIA members."
Today, we are seeing this scenario play out exactly like we said was possible. The court has ruled that "the Forest Service's decision to approve the Rock Creek Mine Project is vacated, and the 2003 Record of Decision and 2001 Final Environmental Impact Statement are set aside and remanded to the Forest Service for further action consistent with the Court's forthcoming opinion".
NIA believes due to the huge economic impact Rock Creek will have in Montana with the creation of 300 new jobs, the odds are in RVMIF's favor that the project will eventually proceed. However, regardless of Rock Creek, RVMIF is expected to produce 1,290,500 ounces of silver and 10,749,703 pounds of copper in 2010 from its Troy Mine alone!
With silver back above $17.30 per ounce and copper now above $3.50 per pound, RVMIF is positioned to achieve major revenue growth this year and we believe the company is positioned to thrive during hyperinflation! Today is the day NIA considers to be a blessing in disguise for those who are aware of RVMIF.
Our legal disclaimer: http://inflation.us/legaldisclaimer.html
Neither NIA nor its co-founders hold a position in RVMIF. However, two of NIA's co-founders have previously disseminated some of their opinions on RVMIF in other financial newsletters.
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