Hecla Mining(HL) Message Board

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Gold/Mining/Energy : Hecla Mining(HL)

HL 11.97

-6.1%

Nov 4 3:59 PM EST

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To: Bilow who wrote (492)	10/23/1999 7:05:00 PM
From: baystock	Read Replies (1) of 629

<In a wild environment, with gold at $400 per ounce and silver at $10 per ounce, this baby would make something like 50 cents per share profit. Means a stock price of around $10 or so for 20x earnings, and a pretty good return for investors (gamblers) willing to pick up shares now.> Take a look at SSC if you really want to gamble. Their projects that are in the pipeline will raise production from the current 6 million to 19 million oz per year with an average cash cost of $3. At $10 silver this works out to $85 million in after tax cash flow or $1.50 per share or $30 per share at 20 PE!

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