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Hecla Mining Co. Message Board

  • jimw_a_lutheran jimw_a_lutheran May 29, 2013 7:50 PM Flag


    It’s all about the property rights associated with each venue HL acquires. There’s nothing in their leasehold which states if oil or natural gas is discovered they can’t exploit that mineral resource as well. HL seems to have irons in the fire in many regions. One discovery similar to the Bakken Formation is all it takes. HL is not limited to mining gold, silver, zinc, or other raw mineral ores.

    Sentiment: Buy

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    • how many times have oil and gas been discovered on or near properties with precious metal deposits- i'm no geologist but since gold, silver and copper deposits are usually associated with volcanoes and oil and gas ancient sea beds or flora rich environments, i don't think the correlation would be very high

      • 1 Reply to inomorethanudo
      • If that hypothesis was absolute, oil, natural gas and other minerals discovered in North Dakota (Bakken), Texas, Oklahoma, Arkansas, Kentucky etc., would not have occurred. The notion is simple, when you acquire property and mineral rights you have access to "what's on the land." The presumption Hecla is limited to mining silver is incorrect. They mine for one thing - profits.

        Sentiment: Buy

    • Are you nuts or what? HL is a very small Ag and now with the purchase of Aurizon gold producer. Something like 8-9M oz of Ag and 130-140K oz of Au. They operate a Ag mine - Greens Creek on an island of cost of Alaska which always has electric power problems, earthquakes, tsunamis etc problems. Lucky Friday in Idaho is a mile deep complex mine - I am surprised the government even allows them to go so deep, plus the mine was run down due to chronic underinvestment. Now they borrowed money and issued more stock to buy a gold mine - in a couple of years they will rund it down too - look at the 120 year history of HL - it was always the same strategy - dilute shareholders, use the money to buy a nice property - run the mine down into the ground - write off the asset and sell it and then go buy another one. Shareholders in HL never get anything. Look at the share count, HL is a small company and has more shares than CDE and PAAS.

      Sentiment: Strong Buy

    • May be the reason Baker has been acting so coy. If so it'll zoom past 12 in a hurry

    • BTW look at HL's competitors. If the numbers are correct HL only employs 735 people. It's closest upscale competitor Barrick Gold employs 10 times that number. Hecla Mining's $1.8 Billion or so market cap makes it a viable takeover target. Watch what happens after Hecla fully digests Aurizon. My observation.

      Sentiment: Buy

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