ritam18

Hecla Mining: Best Valued Silver Producer

HL is now down to $8.50; are metals and commodities going to crash in price for awhile?
Outstanding Investments, an Agora Financial newsletter, featured HL as a buy up to $15 in their May newsletter, and that was when the price was $11.32. They say that HL will hit $30 in 18 months. (The newsletter was rated the top newsletter over a 5 year period by Hulbert Financial Digest.)
They mine silver as a byproduct of gold, so the mining costs per ounce are a MINUS $2+ per oz..... they are the lowest cost producer of silver in the world........
It seems to be just below the $8.80-$8.90 support now..... Is the price drop just a seasonal thing?
anyone have current thoughts on this?

Hecla Mining: Best Valued Silver Producer

According to the IR people at HL, the exposure to VZ is minimal: VZ revenue is only 3% of total HL revenue. So no big deal if they get nationalized.
BTW, the best performing newsletter over a 5 yr. period is Outstanding Investments, and in late April they said "Buy HL up to $15". It is a great company for the long term.