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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers
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To: loantech who wrote (45245)7/19/2007 4:53:23 PM
From: maxncompany  Read Replies (1) of 78410
 
The West Independence property to be spun off to shareholders. The alliance or sale of the 18.52% Lucky Friday interest I don't see as necessary. They don't believe the market values ILDS highly enough. Well, the 100% owned property spinoff makes sense. But the Lucky Friday interest will be given much greater value by the market when ILDS starts receiving it's share of profits from the mine, somewhere around January 2008. We all know as a non-producer becomes a producer, they get valued more highly. About 6 months to go. At current metal prices, they're looking at close to $1.00/share earnings. And I would add, that production is planned by Hecla to double in 2009.

And, yes, US Silver could be interested in either or both of the Lucky Friday interest and the 100% owned property.
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