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Gold/Mining/Energy : Silver prices -- Ignore unavailable to you. Want to Upgrade?

To: Richard Mazzarella who wrote (2441)	1/20/2000 2:20:00 PM
From: goldsheet	Respond to of 8010

HEDGED POSITIONS > I seem to remember that HL was mostly a non hedging company Found the following in the press release Claude included in his post; As of September 30, 1999 Silver: 1,200,000 ounces hedged @ average price of $5.51 Gold: 311,045 ounces hedged @ average price of $287.88 Lead: 4,500 tonnes hedged @ average price of $0.245 per pound Zinc: 7,500 tonnes hedged @ average price of $0.508 per pound My apologies for my previous math errors, but I forgot about Hecla's industrial minerals, which makes it even less of a silver play. If I were putting together a "US silver portfolio", I might consider something like 50% PAAS, 25% SIL, 25% SSRI. Forget SSC, HL, and CDE. Lexington has a Silver Mutual Fund that might be worth looking into: lexingtonfunds.com Good: a no-load fund that gives you 20% exposure to Mexico and other foreign shares Bad: Operating expenses are a relatively high 2.37%