hl - didn't mean to suggest Hecla had too much debt, they have the cash flow to service it, and it got them Greens Creek which gives them added leverage, a good thing from the silverbugs' perspective ... note Au/Ag under 73 this morning, ahem ... no problem with debt whatsoever, what i meant was that it was like apples and oranges to compare their market caps, even more so their enterprise values
hl - 450m mkt cap, plus 160m debt, minus 80m cash[?] = 530m e.v.
usa.v - 24m mkt cap, minus 4m cash [conservative estimate in usd] = 20m e.v.
Never mind that they're both cheaper today, lol ... but those figures put Hecla at 26.5 times the size of US Silver, so maybe grapes and watermelons make the better analogy
Then history - Hecla has over a century of producing returns for shareholders, US Silver is just getting started, their first moves wasted considerable time and at least some amount of money ... will they do better now - i think so, but don't know for sure ... Hecla would be easier to hold while sleeping, for sure, and give good upside to silver too
Big news this morning is that the UBC engineers class did their Volkswagen trick last night, hung it from the Second Narrows bridge, and got caught, didn't plan thoroughly ... every year they place a VW where it gets noticed, one time on top of the chancellor's residence, with no damage whatsoever and got away with it scot-free ... not so this year - could be another sign of deterioration of society, that they shame their forebears with a cock-up |
