Replies to post #1879 on Coeur d'Alene Mines Corp. (CDE)

[overachiever]

CDE is in business to produce silver, not to gamble on the price of gold. Without the gold sales, they could not have opened the new silver mines. Capital is hard to come by in today's environment.

[the cork]

If I understand it correctly, most of the gold to be sold is "new gold" out of the newly operational operations in Mexico.

If this gold has never been factored into the profit/loss equation, it doesn't seem all that bad.

They are floating the company with new found golden liquidity, and still increasing the primary objective, SILVER production, 40% year over year due to the Bolivian output.

In a perfect world, we wouldn't have the gold hedged, but then in a perfect world, share price would be driven by supply and demand and not the whims of hedge fund managers.

Seems to me if I "find" $1000 and put it towards a house payment, it is not a waste of the money, even though by so doing, it is necessarily lost for other purposes. That's the way I see it. Best regards.

GLTA !!