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Hecla Mining Co. Message Board

  • enrgyflowers enrgyflowers Mar 4, 2013 10:44 AM Flag

    Buying HL for dimes on the dollar...

    It would have cost HL about 300 to 350 million to open San Sebastion and San juan, and then how much output would we have gotten? Now we have a gold producing asset with great potential. Remember, Greens Creek drilling program uncovered monster results. At enormous width.

    Baker gets to show the world just how good an operator he really is. Our investment club always knew Baker had the talent, we thought he was lazy or that the Board restrained him. In hindsight, it appears that it has to be just the right deal. And what a gem. Look, 90k oz of gold producing mine in Mexico just sold for 550 million. HL is getting 130k oz for a real good price.

    Sentiment: Strong Buy

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    • i actually agree but one thing I wonder if HL can absorb the cost without too much dilution.

      everything has to go perfect for a few years otherwise hl is in big trouble.

      50% of a company is very hard to digest quickly.

      but azk seems like a pretty good deal

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