Silver in backwardation, hmm hadn't heard that, doesn't look like by much though ... seems like a few cents could be accounted for by spot being on the uptick while futures are on downtick? .. a dollar of backwardation, now that would be something, even two bits if it was sustained
Assumption of 20-dollar silver for FY09, well that would make a lot of them fly wouldn't it, lol ... Greens Creek is quite a mine though, koan said that a number of times, knew a geo that had worked there [if memory serves?], those veins just keep going for miles out under the ocean, and they're deadly rich, wide, easy to mine ... no hassles with locals [? - i think], and now they've got 100% of it, paid a lot so that holds them back for a while, but 20-dollar silver would definitely put them ahead
Comparing Hecla with usa.v, how does it stack up with a 3m oz producer at market cap of usd21m, cost/oz of 11ish ... one advantage they'll have here is it's a larger company, got name recognition bigtime, so they'll get a higher multiple for sure ... just wondering, how much higher ... using this fellow's figures and your shares-out [leaving aside wts/opts on both as they're o.t.m.] -
Hecla - market cap 262m divided by 11m ozs = 23.82 dollars per oz of production, plus whatever the debt/oz is
usa.v - market cap 21m divided by 3m ozs = 7.0 dollars per oz of production, no debt |
