Hecla Mining Company (NYSE:HL)
The Company is engaged in the exploration and development of mineral properties, and the mining and processing of silver, gold, lead and zinc.
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Solid company, will grow once everything is in order.
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Sinchy for the analysis and the ECB for money printing.
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solid play when Europe's future is at stake.
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Once problems with the closed mine are corrected and production ramped up, silver prices should be up and this stock will at least double. If not, they remain a great purchase by another mining company.
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BV $3.9, 400M cash with 0 debts (half of the cash is going to pay for environmental settlements).
@ $30/oz silver, $4.5 is a cheap. Lucky Friday is not so lucky but it is delayed of production, not losing the property ...
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Minerals will be a continuing factor in economic growth in the coming years. Slow buyt steady growth for the next 3-4 years followed by the next "boom" times when idiots will re-enter the market, just in time for the next pull-back....
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Silver price outlook
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There are currently 450 HL shares in my "fund" with break-even of around 9.44 USD. http://caps.fool.com/Blogs/fund-trades/678775.
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low production costs
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Stock down due to global slowdown, rockfall in an Australian mine, but Australian coal and Asian industry are a good mix, even if Western nations suddenly decide CO2 is a bad thing.
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wow, close to the 52 week low...how can you not buy here?
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very old company, has weathered storms before and a good value now
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They just pegged there dividend to silver prices much newmont mining pegged there's to gold prices. Should be interesting.
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Not big on miners right now but Hecla looks pretty cheap and silver does not look like it will be crashing any time soon.
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gold is going higher
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Long on SILVER, if you must diversify these 6 stocks from the 7/19/11 article are the way to go. In my opinion, SLW is a RULEBREAKER - the first one I found on my own thanks to STATSGEEK's work
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Old silver company which has been mining silver, and other metals, for years. With the price of silver going up, due to QE1 & QE2, sooner or later this stock will rise.
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