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Gold/Mining/Energy : Hecla Mining(HL) -- Ignore unavailable to you. Want to Upgrade?

To: Archie Meeties who wrote (519)	1/18/2001 9:24:51 AM
From: Richard Mazzarella	Read Replies (1) \| Respond to of 629

Arch, higher silver prices don’t hurt, but I think most of the recent strength in Hecla is from other reasons. The stock got hammered from tax loss selling which is over for the time being. Debt was a serious concern, that's being solved with the sale of the minerals (non metal) components of the company, the debt problem goes away. HL is trading way under book compared to other metal companies. Concern for continued listing (stock under $1) will be resolved soon as people continue to realize the value in Hecla. Notice how CDE responded after its low and listing concerns, even with the high debt/equity ratio. IMO after the stock reliably trades over a dollar (the listing requirement), people will pile on. I can see HL trading near $2 very soon, even higher with improved metal prices.