Slider,
Indeed, HL results were outstanding:
biz.yahoo.com
The San Sebastian silver mine in Mexico was truly a success story in 2002, producing 3.4 million ounces of silver and nearly 42,000 ounces of gold at an average total cash cost per ounce of silver of just $1.09. Incredibly, during the fourth quarter of the year, San Sebastian produced silver at an average total cash cost of $0.58 per ounce. Baker said, "Let me illustrate how successful San Sebastian is by telling you that at the beginning of 2002, we had a net equity investment there of about $4 million. During 2002 alone, it generated cash flow of about $10 million. And thanks to San Sebastian, Hecla was the lowest-cost primary silver producer in the U.S. and Canada."
A true turnaround story and one that has not been discounted by the market.
I know you will not agree with that statement, so I will make a small wager, the payoff of which will be a public retraction from the loser.
I will wager that HL will be at least twice it's current price of 3.80 within the next eleven months. Against your insinuation that it is not going anywhere from here.
You ARE insinuating that, are you not??
Edit: Yesterday saw a support level HUI violated so I took profits in most of my PM stocks, but kept my position in HL to which I have added this morning during the time of my post to you. So my money IS indeed where my mouth is on this stock which I have followed for ten years (remember, followed, not invested, ggg).
Bact to Running Silent, Running Deep.
All Hands, Rig For Depth Charge!
ggg
Best Regards,
Roebear |
