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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: loantech who wrote (64095)	3/10/2009 12:21:59 PM
From: marcos	Read Replies (2) \| Respond to of 78409

Those are rough estimates of how much you have to spend to get an ounce of annual silver production, seven bucks yanqui with usa.v and twenty-three plus debt for Hecla ... somewhat less in both cases today ... and they're very rough numbers, of course there is much more to both stories Hecla will consistently get a higher multiple for their accomplishments, stands to reason, it's a much older and larger outfit, well known and synonymous with silver in the minds of many ... the difference in multiple is just more than i'm willing to pay today, that's all ... same reasoning led me to take profit on su.to this morning, but not stp.v ml.to - bought a little Mercator, not much so far, they lack silver/gold upside, pure play on economic recovery, which is going to be iffy at best for some time ... but i can't see them going broke before New Year's, which is good as it's my contest pick