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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG
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To: loantech who wrote (18216)5/9/2010 10:33:06 AM
From: Bob Fairchild  Read Replies (1) of 48092
 
I see that the P/E of Hecla is less than half that of Silver Wheaton as HL continues to be held down even with the price of silver going up (especially on Friday). With respect to Hecla if I remember correctly, the basemetal content allows silver to be mined at negative $3/ounce so that can't be a bad thing unless base metals go to zero in which case could be compensated by a rising silver price (I hope). I just think that Hecla is undervalued when comparing the two stocks and that it is due for more respect. The real possible downside I see is that Hecla is a US company and may be prone to more crosswinds politically if the government starts overtaxing successful companies to help dig itself out of some debt. I do own both though and hoping this JPM investigation will be a positive influence on both companies.
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