With the LF open for business, HL's definitely the leader in its peer group. All American properties both producing and soon to be producing(San Juan in Creede-40 million ounces proved + 100 million potential). No debt and soon to receive the "green" light from MSHA with a new, state of the art "Silver" shaft and a brand new mill AND double the existing resources at depth. Compared to others like CDE, the future's Soooooo bright for Hecla, you boys are gonna need a new pair of SHADES !!!!! Why would anyone invest a dime in companies like CDE with 54% of its production in Bolivia. Hello !!!!!!! Hecla's my big bet for 2013.
Ago08: CDE is much superior company and investment than HL here is why:
CDE has all their mines operating. HL doesn't.
CDE just beat 2012 guidance on gold production and gold production will keep increasing next year
CDE invested into 5 junior exploration companies which is an excellent low risk strategy to increase reserves in the future.
CDE is cheaper on Price to FCF than HL (even if you account for LF reopen and shaft 4 completion)
CDE has better management and is a better run company
Anyone in their right mind will choose CDE over HL.
And the Bolivian mine is only 5.7M Ag production out of 18M. Plus CDE gets 220k oz of Au, all from US.
My sentiments to a T, couldn't have said better myself. One third of my portfolio is Hecla. In two years, we could see HL in the high 40's. AUNFF is another silver play that I have a few chunks of, which was the result of some advice that I received on the HL board. Silver is going to go ape crazy, lookout.