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: loantech who wrote (602)	10/5/2010 11:24:43 PM
From: posthumousone	Read Replies (1) of 629

I have my doubts on the rumors.....but here they are. theflyonthewall.com. <<Here's my guess on the deal between JPM and Hecla. JPM agrees to cover their massive short position in Hecla stock (causing Hecla's stock price to rocket upward)and/or cover some of their silver short positions and Hecla agrees to sell all of their future silver production for the next three years to JPM at the market price. Both JPM and Hecla will end up as winners. >> <<Now for the last part of this saga. IMO the unwinding of the short position will produce a short covering rally for Hecla. There is where the 41 million shares give Hecla the true value that it deserves. With a silver price of $25 and negative production costs with hedged Zinc and Lead along with gold at $1500 an ounce or higher in the next few months I feel that Heclas can surprise us with a $.80 EPS. Because gold and silver will now be more recognized as a store of safety, there will be a 20 or 25 P/E ratio given to a mining stock. If I am right and Hecla can show a $.80 EPS with a 25 P/E we can see a $20 stock price. If you think in the big picture I can see Hecl going for a deal with JPM. Hecla gets their share price higher and can use their stock to purchase junior miners and property knowing they can develop the mines and sell to the big banks and government. I believe we are now witnessing the reevaluation of the paper/ physical arbitrage to a supply demand price of the precious metals. This is a very dangerous time to be out of Hecla because we can easily start seeing $.50 rallies in overseas market each day >>

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