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What It Really Costs To Mine Silver: The Hecla Mining Edition
Thanks for the article. I really like your methodology.
For sake of argument I will allow the superfund payout and LF shutdown are the normal costs of doing business.
The superfund settlement is the first in over one hundred years of HL doing business. I believe your analysis should amortize the cost over the time frame the debt was incurred. i.e. one hundred years.
Every 20 years or so I get accessed by the city for road improvements in front of my house. I don't count the $10,000 expense as a one year cost of business. Neither does the city as they allow me the option of adding 1/20 of the amount to my property tax for 20 years. I also have the option of paying upfront, which would make my taxes for the year 18K. If asked my tax burden to the city I would say 8K + $500 yearly, not 18K.
HL will not have a superfund settlement and a government imposed shutdown alternating years going forward. I believe you analysis assumes it will.
Mar 16, 2013. 06:44 AM
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