Value Microcaps Junior Miners

[Bobwins]

silver and gold popping hard today. Especially silver.

Gold spot price just under $2000 while silver popped up a buck to $25.50. The implications for actual producers are huge. Hecla preannounced Q2 production with ~3.4million oz of silver @ $16.33 and 59,982 oz of gold @ $1711.

If you substitute today's gold and silver prices with that production, cashflow is going to increase by something over $47million dollars in Q3.

Might not happen because we're less than half way thru Q3 and don't know average price Hecla will get but the increases have been tremendous for producers and may not be reflected in the miner's stock prices yet. Investors need to see the dramatic increases that are coming to revalue miners.

Hecla has a lot of shares outstanding at 527million so $47million in extra profits could add .09 to eps for Q3. Actual earnings for Q2 will come out by Thursday so we can judge the impact of the rise in gold and silver then.