prevent new mines due to environmental concerns..
(SEE EXK TODAY) and remembeer austrila tax on BHP Billiton....
Barrick and Newmont are scaling back expansion plans just reported yesterday and today..
SSRI and Barrick got creamed in South american projects.
I predict Silver Wheaton will get whacked when their south American mine welches on it;s deal to sell silver at 8.00per oz. This is more likely to occur the higher silver prices goes..
The shortage of new supplies and the taxes on the output mean good things for hecla whose mines are in US and friendly Canada. A surge in gold and silver is assured as Janet Yellen who is Ben Bernanke on Steroids takes office.. So I say this is a n excellent entry point for hecla who is reopening mines and has low expectations it has been a long wait but every dog has it;s day and money coming out of overprcied stocks is going to find it;s way to the largest silver producer in the US eventually..
Hecla is insurance for the guaranteed destruction of the US dollar by the Fed/imo.
So here we are at 3.10 or so I will reference this post when we break 4.00 maybe 5.00 by January 2014...
Kored-You get a silver "UP" star for that pump. Note worthy is HL has just been acquiring prop. & increasing production, not recklessly I might add, while many other players are pulling in their horns in a reactionary fashion. Not being a herd follower myself in most cases I like that !
Check out the following stocks ABX NEM SSRI PAAS SLW or GDX the ETF of all miners all down huge due to the news of Mexico and Barrick and newmont and POG but HECLA is UNCHANGED that tells you at least someone sees value here. I say that if there was ever a time for this stock to catch a bid it's now...