Jan. 22 at 5:56 PM
$BHP is up around 20% over the past six months.
$RIO is up around 35% over the same time period.
$GLNCY is up over 50% and is closing in on a deal to be acquired by Rio Tinto. A price hasn't been discussed but the share price likely won't be significnatly higher than
$13 a share.
That deal should help value mining companies across the sector.
Why is
$HL up 400% in the past six months? This company has been around for a century. Are they sitting on a bunch of gold? Do they have some substantial gain to post from the futures markets? I can't understand it.
Their silver reserves, proven and probable are around 240M. In an acquisition earlier this,
$DVS sold 65M in proven and probable reserves for 400M.
I'd say companies like
$BHP $RIO $GLNCY -- all of whom procure as much or more silver as byproduct to their primary concerns are in a very strong position to compete with Hecla and that Hecla will be at the rear in regards to getting new contracts for silver ore.
