Richard:
The precious- metals minining stocks are purchased for a variety of reasons, with " reported " profitability ranking somewhere between unimportant, and somewhat important. These instruments are proxies for the underlying commodity's role in the market place.
As such, they must be understood for the significant monetary role they have played throughout ancient and modern history. Therefore, while it is very important to own an enterprise with sufficient working capital, recognizable working assets, and competent management, it is of extraordinary interest to the investor to know the approximate point in history he and the metals now occupy.
Luckily for us, history is now uniformly weighted in our favor, not only domestically but worldwide, to move the metals to a new platuea of importance in all economies. In light of the eclipsing market for financial assets, now very likely approaching a "blow-off" stage, it will be increasingly likely the metals-stocks will also begin a similar five-wave pattern extended over years.Aside from that, Hecla is very-well managed; it should serve you well.
Battle Mountain Gold, happens to be another I am partial to.
When talking to company representatives , it is best to be prepared with an agenda of concerns, and then, to ask them of senoir management. I prefer to speak with the CFO, in addition to others, should they be available. Most often, if you are a serious shareowner, they will be willing to entertain your questions.
Finally, I'm glad you have discovered the opportunity, I believe we will be rewarded for our stewardship in this industry.
Yours, T.V.H. |
