Hecla Mining(HL) Message Board

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Gold/Mining/Energy : Hecla Mining(HL)

HL 12.87

-0.2%

Oct 31 9:30 AM EDT

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To: da_cheif™ who wrote (615)	2/26/2011 5:32:04 PM
From: loantech	Read Replies (1) of 629

Oh yes Mr. Cumberland man. <G> I have followed HL for 35 years. Missed the first run. HL used to produce from LF only and at about 2 mill ounces a year in 1980 + or - . Shares out then were about 25 mill. Silver hit 50 and so did HL 53.50. Now we have 257 mill shares out. 10 X HL produces about 10 mill ounces of AG plus 68,000 ounces of AU so about 12.75 mill AG equiv. So production about 6 X. In 1980 only lead and zinc were the by products so we can count gold on the production side for this exercise. Share price can do about 64% of the old days IMO based upon greater dilution vs production per share. If we hit 50 buck silver HL should hit 34 bucks BWDIK. Whatcha think about this rookie analysis?

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