Earlier this year we wrote about a potential opportunity developing with regards to Revett Minerals (RVM). This opportunity finally seems to be materializing following yesterday's announcement from the company.
Temporary closure of the company's only operating asset seems to be coming to an end. We expect the share price to re-rate close to levels seen before an unfortunate event necessitated production to cease.
As if to confirm our thesis the stock has already gained 20% in less than 24 hours; overall the share price has almost doubled off the early July bottom and we believe that it still has a very long way to go.
A two-fold increase of the share price from...