RE:RE:RE:RE:RE:RE:RE:Near term news coming.mattbigham wrote:
Jim,it's early days for Hecla at Keno.
They haven't begun production yet and they have a resource of 107 million oz M+I+I at Keno.
Keno west has a huge land package to drill and potentially discover future resources.
At 4 million oz of production per year they have decades of their own ore to mine and mill.
Any large increase in share price at Keno will come from discovery and MMG are concentrating on La Plata and not Keno.
Shareholders should hope for any kind of DP this summer from Keno and hopefully there are drill holes focusing on discovery.
The company said they will perform a DP starting in late summer. We'll see. The focus is on LP.
MMG will have to come back to Keno in the years ahead and make significant discoveries and/or build a significant portfolio of mineable assets across the valley for Hecla to make some kind of deal for MMG's Keno East land package.
MMG will not see value until then. It's early days at Keno for HL and MMG.
Unfortunately,Keno has taken a back seat behind La Plata.
Last year the DP was minimal and we'll be lucky to see one this summer.
Unless, of course, gold and silver skyrocket due to some unforseen development. Then all bets are off. The ensuing buying frenzy would catapult share prices to unprecedented highs. It's happened before. Think back to 1980.