Sunday, December 16, 2012 6:48:22 PM
Sorry to butt-in G-man, but you might look into Hecla HL for your Dad.
They are a low cost silver producer, with significant by product metals. http://www.hecla-mining.com/
2011 Production:
Over 7 million ounces of Silver, 50,000 ounces of Gold, 70 tons Zinc, and 40 tons Lead, per year.
What makes these guys a good bet is, one of their mines was shut down for a year after an industrial accident, but it will be coming back on line in 2013.
That's going to put an additional 3-4 million ounces of silver into the revenue stream that isn't there now.
Anything under 6 bucks is good, and anything under 5 bucks is a steal. I don't see them revisiting the previous lows because they did a share buy back at that time, so there are way fewer shares out there than there were before.
They have a small (now) dividend that is tied to the price of silver, so if the price of silver goes up as a result of QE1, QE2, Operation Twist, and QE3 (which I think it will) the dividend will grow right along with it.
The only thing that is missing in the mix is copper, which is kind of a surprise since copper and silver are frequently found together, but they may remedy that through strategic acquisition, if they even want to. I'd like to see it, but only because it would cover a lot of asset classes with one stock.
Got some other good ones too if that isn't what you are looking for. GL!
img]stockcharts.com/c-sc/sc?s=hl&p=d&yr=1&mn=0&dy=0&id=p90803195534[/img]
They are a low cost silver producer, with significant by product metals. http://www.hecla-mining.com/
2011 Production:
Over 7 million ounces of Silver, 50,000 ounces of Gold, 70 tons Zinc, and 40 tons Lead, per year.
What makes these guys a good bet is, one of their mines was shut down for a year after an industrial accident, but it will be coming back on line in 2013.
That's going to put an additional 3-4 million ounces of silver into the revenue stream that isn't there now.
Anything under 6 bucks is good, and anything under 5 bucks is a steal. I don't see them revisiting the previous lows because they did a share buy back at that time, so there are way fewer shares out there than there were before.
They have a small (now) dividend that is tied to the price of silver, so if the price of silver goes up as a result of QE1, QE2, Operation Twist, and QE3 (which I think it will) the dividend will grow right along with it.
The only thing that is missing in the mix is copper, which is kind of a surprise since copper and silver are frequently found together, but they may remedy that through strategic acquisition, if they even want to. I'd like to see it, but only because it would cover a lot of asset classes with one stock.
Got some other good ones too if that isn't what you are looking for. GL!
img]stockcharts.com/c-sc/sc?s=hl&p=d&yr=1&mn=0&dy=0&id=p90803195534[/img]
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
