Seems like a decent offer from Hecla. Current US Silver management hasn't been able to deliver value and can't seem to get out of their own way.
The only reason shareholders ever benefited is because of the efforts of others, not USSIF management.
The anti inflation outfit got them trading north of .80 before the management engineered the reverse split.
The only reason they are currently trading where they are is because of the HL offer.
Take that off the table and they revert to bumbling along like they always have.
Hecla produces 7 million ounces of Silver, 50,000 ounces of Gold, 70 tons Zinc, and 40 tons Lead, per year. There's gonna be another 4 million ounces of silver into the revenue stream when the Lucky Friday mine comes back on line.
That seems like a better partnership than the RX deal to me.
US Silver has been under priced all along and management didn't do a thing about it. Now that there's a good solid deal on the table they suddenly get interested in how "undervalued" the offer is. If they think it's undervalued they should either do something about it or get the hell out of the way.
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