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  • An In-Depth Look At Coeur Mining's Recent Acquisitions [View article]
    Somabull_ Good job of covering the recent acquisitions by Coeur. I especially liked your coverage of the NOL aspect regarding the Wharf move. Also, good attention to the Franco streaming agreement being a major element in the Miguel purchase. I do agree with your conclusion that Coeur is still under valued. This is clearly true if the prices for PMs make a significant move up. A quick look at silver equivalency production comparisons with other companies showing far larger market caps, one can see a needed rebalance between Coeur and the peers.

    My opinion is augmented by the very encouraging drill results coming in for Rochester and Kensington. We should get some data in on these new discoveries fairly soon. Ore grade adjacent to existing infrastructure is key. However, right now with 4th Qtr earnings report....Ugh
    Feb 18, 2015. 04:53 PM | Likes Like |Link to Comment
  • Just Who Is Hoarding All This Gold? [View article]
    mtclm_Thanks for clarifying that:
    "central banks purchased between 400 to 500 metric tons of gold (over $16 trillion at Spot Price $1,261.5) in 2014".

    I bet Russia would be tickled to have $48 trillion in gold reserves (1,200/400=3 x16 =$48).
    Feb 16, 2015. 03:04 PM | 1 Like Like |Link to Comment
  • H.C. Wainwright's Heiko Ihle: Back To Precious Metals Equity Investing Basics [View article]
    HI_ Lots of good reading in your interview. I do want to point out that you were either in error or misquoted when you said:

    "He previously ran Aurizon Mines, which was bought by Coeur Mining Inc. (NYSE:CDE) in a bidding war."

    In fact it was Hecla, the other major USA silver producer that did that. They purchased Aurizon Mines to get the Casa Bera gold mine. By the way, that purchase seems to be paying off as HL has put money into the mine increasing production and researves. Good job of explaining the ramifications of Coeur's offer for Paramount G$S.
    Jan 29, 2015. 01:59 PM | 1 Like Like |Link to Comment
  • 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 | 1 Like 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 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