Hecla Mining Company (NYSE:HL) announced today that its acquisition of Revett Mining Company, Inc. (Revett) is now complete. The acquisition brings to Hecla the Rock Creek Project, considered to be one of the largest undeveloped silver and copper deposits in North America. Hecla intends to continue to advance its permitting.
of 16.xx as far as HECLA
HECLA IS SILVER FIrst !
HECLA IS GOLD Second !
HECLA IS COPPER Third with one of the largest copper mines in US !
Hecla is Poised for any positive movement in Metals Prices !
WIth money being created ad infinatum it is only a matter of time !
yes then silver gets down to these levels I am not worried about it going much lower.
SIlver is one case worth considering especially at this time imo !
In the case of silver, there is only about 1.2 billion oz available at any cost or roughly 20 billion worth contrast this with the market cap of facebook or amazon or any dow stock which have market caps of 200 billion meaning just 1 of these stocks if all shares were sold could buy TEN (10) times all of the silver available... when the tiniest percentage of the paper money being printed in near infinite amounts and contained in the stock and bond markets starts to buy physical silver it will quickly go up 5 times today's price of
If you consider a party of 6 people go to a restaurant and 1 of the party has their american express rejected they say to themselves why do I have this card ?
There are a lot of places that don't accept it google places that don;t accept american express there are several blogs and articles about it.
gold 1164 silver is 1560 I will reference this post in the next several days
has changed !
Can you feel it ?
Pros have changed from Buy the Dip to Pump and Dump !
And soon as the people buying the dips lose more of their money they will be forced to sell as there is record margin out there !
We will probably witness something the fed has suppressed for a long time that is a massive selloff or correction !
Be careful if you are on margin I lost so much money using margin never do it again !
Many are being whipsawed out of this market at some point volume will rise and it will be a bloodbath imo !
It looks Like I was right on this they already knew what was coming and what is to come and they snookered retailers again who are buying the dips and getting creamed...
Forward and Intel warned for the upcoming quarter !
Everyone who wants a pc has one !
15. Market is topped out and money is going to leave it and go to underpriced assets real assets like bashed down gold and silver !
Hecla is the largest Silver producer in North America and a significant gold producer all for less than 1 billion dollars to buy all it's shares ! Look at the market caps of dow stocks and most others and they dwarf 1 billion hence Hecla going to 5 or 10 billion will be easy once the right conditions arise and I think we are moving quickly to those conditions ! Here are some key reasons I think hecla is the best mining stock:
1. Balance of Gold and Silver
2. Massive Increases in Reserves
3. Increases in Production
4. Major mines in North America only
5. Low cost of production
6. Low debt
7. Cash reserves
8. New Major shaft coming in 18 months
9. Bashed and downgraded by Cramer (though I just saw he recently changed from sell to hold)
10. huge number of short shares
11. All of it's shares could be bought for less than 1 billion or less than 1/12 the market cap of trip advisor for example 1/3 the market cap of grub hub lol 1/3 the market cap of shake shack
When everyone or even a small pct of the money out there decides to buy silver and gold this stock will explode and I think this will happen when the fed announces a new QE within 12 months.
12. Buy low sell high overpriced stock market underpriced miners...
13. Hecla is insurance against what we know is going to end badly that is the infinite printing of money by central banks what used to take 500 pieces of paper (gold) is now around 12 of pieces of paper and will be 2000 pieces of paper in the future...
14. Owner of a massive Copper and Gold mine in the US bought for pennies on the dollar !
as they have information far before you do.......
I also see Goldman giving up all gains and almost red now so that tells you something about the health of the overall bubble market and financials..
This is also a kind of capitulation or selling by weak hands that will greatly regret it imo.
I can buy 1 troy oz of pure silver for the price of 3 pounds of Hamburger.
Downside from here is very little IMI upside is huge...
I neglected to say that this is precisely the time retailers should be buying silver and gold.
especially at this time since the market is so tiny. This is another tremendous buying opportunity IMO.