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ducat

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  • Update: Hecla Mining Rapidly Expands Its San Sebastian Silver Discovery [View article]
    I didn't trust my memory and thought I better check my accuracy. I was wrong on the date of Hecla's prior mining. This comment from a 2013 release gets it straight. It reads as follows:

    "Hecla operated the underground San Sebastian mine on this property from 2001-2005. During that time, the district produced 520,666 tons of ore containing 196,456 ounces of gold and 12.7 million ounces silver. With an average grade of 11.7 g/t Au and 763.1 g/t Ag, San Sebastian was one of the highest grade gold and silver mines in the world. Hecla geologists have long recognized the potential for the district to host similar high-grade mineralization, and a persistent ongoing exploration effort has been in place since Hecla took control of the district in 1999." Good comment, Guest11, This is a good company to own.
    Jan 24, 2015. 04:06 PM | Likes Like |Link to Comment
  • Update: Hecla Mining Rapidly Expands Its San Sebastian Silver Discovery [View article]
    Invest Doc_ Thanks for picking up on the San Sebast news. One important thing that I don't see you mentioning is the fact that Hecla mined there in the 90s until low (~$4.00/oz) caused a shut down. The significance of this fact is that HL probably understands the metallurgy of the deposit as it is simply an extension of that past activity. This can be make or break element when working with polymeric deposits.
    Jan 24, 2015. 03:56 PM | Likes Like |Link to Comment
  • The LBMA's Silver Criticality (Video) [View article]
    JT_ Very informative video...thanks!
    Jan 21, 2015. 11:53 PM | Likes Like |Link to Comment
  • Hecla Mining Is A Hidden Gem Among Silver Producers [View article]
    Hoy115_Hecla may have used a "drill ahead" approach when most of their production came from the Silver Vally where Lucky Friday resides, but if that was so, it is history. HL drilled and found a much richer and larger ore deposit below past and existing workings. This lead to driving a new shaft (#4) down to the 8,000 foot level where resources are estimated to support a 5 million ounce per year production for decades. That work is estimated to cost over two hundred million dollars and is ~6o% finished. Greens and Casa Baradi are being actively drill to add reserves as are two large scale deposits (Arizona and Mexico) that the author did not cover. As you know, drilling for proving out under ground reserves is difficult and expensive but I have no doubt HL will satisfy even the most "reserve centric" investors.
    Jan 14, 2015. 06:15 PM | 1 Like Like |Link to Comment
  • Update: Coeur Mining Gets Active On The M&A Front [View article]
    sd_I glanced at that list of citations while looking at the mines history. I didn't see anything negative regarding the environment....do I need to go back and check that? The fines appeared to be safety citations related to running a large, machinery rich industry. We all know that OSHA/MSHA have a huge checklist of safety requirements, which has been a source of scorn over the years. They can always find some deficiencies when there is an accident. Regarding the environment, there is a lot written about how responsible the mine has been in carrying out reclamation as they mine...rather that pushing it off to the future. This action is probably significant enough to add value to the mine.

    All in all, this purchase should work out well as Coeur needs a couple of years of positive cash flow to carry out planned upgrades at Rochester and Palmarejo. A bridge if you will, to unblock the road to very profitable ore bodies at these mines.
    Jan 14, 2015. 01:55 PM | 1 Like Like |Link to Comment
  • A 2014 Gold Investors Year In Review: Cracks In The International Order Appear [View article]
    Thanks Hebba_ Again you have penned a great analysis. I like your attention to Russia. It is sad that the West has forgotten the concept of Nuclear Winter that had become understood back in the 80s. Lets hope that either the US/NATO back off the encirclement of Russia or Putin is able to cripple the $US though peaceful means.
    Jan 11, 2015. 10:53 PM | Likes Like |Link to Comment
  • Update: The New Don Ese Results Make Paramount An Even More Attractive Target For Coeur [View article]
    InvestDoc_ Thanks, that did clear things up for me.

    Now the question is how to play the reported law suit by disgruntled Paramount share holders. If this deal is stopped or delayed, which company will fare the best? I would venture to guess PZG would be the short term gainer simply because there is lack of appreciation of how fundamentally strong Coeur is and how poor the economics would be if PZG or another suitor were to go ahead with a new stand alone processing mill. In the long run CDE would probably get the property anyway because of those same economics...maybe at a better deal than the present one?
    Jan 11, 2015. 11:05 AM | Likes Like |Link to Comment
  • Did The Bear Market In GLD End With A Whimper? [View article]
    SomaBull_ Good job of laying it out...plenty of caution but right on in expressing the view that downside is miniscule compared with the upside potential. I like your list of stocks too. Hard to describe companies in a sentence or two but you did an excellent layout. Might quibble with you on Hecla being a slacker..on the contrary, I expect HL to be a "leader of the pack" when the PMs break out. Huge high grade ore reserves at Greens and Friday.
    Jan 9, 2015. 01:22 PM | 2 Likes Like |Link to Comment
  • Update: The New Don Ese Results Make Paramount An Even More Attractive Target For Coeur [View article]
    alcamo_ I think we are both confused over the same issue. I understood that given a Coeur share price of ~$4.60 at the time of the contract initiation, Paramount should have been worth about $0.90 per share. If in fact the ratio was established at that 0.2016 multiplier the share prices of the two companies should trade in tandem. PZG should be valued considerably higher as Coeur has move up into the mid $5.50s. The possibility of significant value being given to Sleeper and other spinoff properties suggests (to me) that PZG should trade somewhat higher than that share value established for the Coeur deal for Miguel. Hope someone can clear this up.
    Jan 7, 2015. 08:00 PM | Likes Like |Link to Comment
  • Update: The New Don Ese Results Make Paramount An Even More Attractive Target For Coeur [View article]
    InvestDoc_ I know from your past posts that you know what your talking about. But, I am confused with your statement: ".....a long Paramount/short Coeur strategy could really pay off here".

    The way I understand it is that the 0.2016 Coeur shares are given for each of Paramount's shares. This being a fixed "ratio" It seems that if prior to closure Coeur shares go down in price, PZG shares will go down an equal percent. Likewise, if Coeur shares go up in price, PZG share value will increase an equal percent. Help me understand this issue as I would like to gain as many Coeur shares as possible out of this deal.

    I agree with your attention to the new Dana results. This find by Paramount is extremely positive pointing to a large pool (4 significant deposits) of high grade ore within a small easily accessed geological area. Given the relatively new Palmarejo mill incorporating a full array of ore processing capabilities, Coeur should throw off some outstanding profits for many years.
    Jan 7, 2015. 06:20 PM | Likes Like |Link to Comment
  • Silver Standard Is Undervalued Compared To Hecla And Pan American [View article]
    Ivan Y_You seem to have left out the base metal contribution in your silver ounce equivalency calculations. Hecla gets about 1/3 of their revenue from lead and zinc and has enormous resources in those two metals.
    Jan 1, 2015. 02:54 PM | 1 Like Like |Link to Comment
  • Update: Coeur Mining Receives Maiden Resource Estimate For Independencia [View article]
    Interestingly, the "ore grading 6.24 oz per ton silver and 0.082 oz per ton gold." comes out real close to a 50/50 ratio of value when using $16 silver and $1,200 gold metal prices.(~$100 per ton for each). Unfortunately, silver is recovered at a lesser percent than the gold...making Palmarejo more of a gold mine which it has not been in the past. This will likely change again as silver prices should out-gain gold in the next big rally.
    Dec 24, 2014. 01:48 PM | Likes Like |Link to Comment
  • Update: Coeur Mining Receives Maiden Resource Estimate For Independencia [View article]
    Invest Doc_ Thanks for getting back to me with clarification. I think I better stick to grams per ton as the (gr/t x m) formula doesn't ring clear to me as a useful guide unless I have firm 3 dimensional distance measurements. Coeur does make it clear when they say that Don Ese contains 4 million tons of ore grading 6.24 oz per ton silver and 0.082 oz per ton gold. Good, but not spectacular, in my opinion. Grade is enhanced by the fact that Coeur has the mill and operating experience to get very high recovery. The tunnel to reach it and Independencia was in the planning stage prior to the buyout and thought to be relatively easy (and cheap) to develop.

    On the distance thing, Coeur says in the narrative that: "Guadalupe development and mining are only 800 meters from Don Ese". Maybe the difference is your measurement to the "hot spot".
    Dec 24, 2014. 01:31 PM | Likes Like |Link to Comment
  • Update: Coeur Mining Receives Maiden Resource Estimate For Independencia [View article]
    Investment Doc_ Good quick review on the new results at the Indepedienca Deposit. The way I see the location on Pages 9&10 of the Coeur release on the purchase of San Miguel it is a more assessable than your: "the Independencia zone is located just half a mile away from the Guadalupe zone." would suggest.

    In fact, it looks like the Inde zone sides right up to the Miguel, Don Ese vien. Did you notice that on the Page 10 D Ese map, it shows a massive block with grades above 5,000 grams per ton silver equivalent? Am I reading this correctly? Thanks
    Dec 23, 2014. 04:49 PM | Likes Like |Link to Comment
  • Update: Golden Arrow Increases Private Placement [View article]
    Itinerant_ Thanks for the update on this company. The Chinchillas Deposit looks extremely good given the size and location. It is worth a look at the Arrow's home page. Thanks
    Dec 23, 2014. 03:57 PM | Likes Like |Link to Comment
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