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Microcap & Penny Stocks : Rat dog micro-cap picks... -- Ignore unavailable to you. Want to Upgrade?

To: Jim Edwards who wrote (8918)	8/5/2002 12:13:35 AM
From: Bucky Katt	Respond to of 48461

CDE mentioned in a story in Barron's, so I would think it will get some action... And as usual, a rat from the past> Message 15943342 A tidbit from the story> Perhaps unsurprisingly, Chief Executive Officer Dennis Wheeler argues that the stock should hit $5 in the next six to nine months. Helping the shares are relatively robust prices for precious metals, a modest movement into the stock by institutional investors, who own about 7% of outstanding shares, and improvements in the Coeur d'Alene, Idaho-based company's mining operations. In addition, the stock market's miserable performance over the past 18 months has led some investors to conclude that their portfolios need investments linked to hard assets. Says Scott Shoemaker, an investment-advisor with State Farm Insurance in Michigan: "Coeur's shares have not appreciated as much as other silver companies have and they represent a good value here and a safe haven from the rest of the market." Shoemaker began buying the shares four months ago. Indeed, shares of silver-producing competitor Hecla Mining, also based in Coeur d'Alene, are up 244% year to date to $3.23 as of Thursday. (HL a rat pick also) Yet Hecla doesn't have as much exposure to the market as Coeur because it mines other metals, such as lead and zinc. Coeur's production is 70% silver and 30% gold. That's good news because silver prices are up about 8% in the past year to a recent $4.58 an ounce as investors seek a haven. That's well above the company's total cost of production of $4.32 an ounce this year; a cost that has fallen from $5 back in 1997 when the turnaround began. Gold's price -- which silver frequently follows -- also has risen. It's up 10% this year to a recent $304 an ounce on Thursday. The company's total cost of production is projected to be $180 an ounce this year, down from $382 five years ago.