Hecla: You're Fired!
For the record, I suggested getting rid of Hecla back in mid 2005...
Posted by: OriginalFred
Date:4/18/2005 11:54:05 AM
Post #304
Hecla: You're Fired!
Hecla has been a disaster from the beginning. They were supposed to be an experienced mining company, but they took forever to get permits. I doubt all the blame falls on the BLM. When they finally did get the permits, there was delay after delay. They have obviously not held up their end of the contract, and now they are trying to get a judge to bail them out. Unless they come up with one heck of a bribe, they do not have a chance. All Hecla needed to do was dig a hole in the ground. This was not rocket science.
If Great Basin fires Hecla, they will be starting near square one, however, they will have permits, the start of a tunnel to their gold, and a much higher gold price than 2 years ago. I am sure they would have no trouble finding a new partner who would love to get their hands on that gold. When works begins with a new partner, this stock should easily return to what it is really worth. On this project alone, the share price should be $2 to $3. Add another $2 to $3 for Burnstone, and this is easily a $5 stock.
I am not buying any more yet, but the second they get rid of Hecla, I am definitely buying more shares.
