Value Microcaps Junior Miners

[dr_airtime]

Cork - HL..

...they have a big wall to climb in 2014. 2013 cash costs Ag-Eq were $19, so AISC and all-in costs are well above current spot prices.

They have $490M of debt on balance sheet (most of which is from Aurizon acquisition) but offset by $220M in cash so they will survive 2014. Casa Berardi (former Aurizon Mine) is going to do 120k Au ounces in 2014 but should then return to former 160k/year glory days in 2015 where Casa Berardi's cash costs per Au-oz should be sub $600 again. Will help Hecla's bottom line a lot.

I don't own any but FWIW I own Coeur but keeping asking myself why...gotta have a nice rally if silver ever breaks out is what I keep saying...