Perception vs realalityWhy GPR is so undervalued who knows but one thing for sure I picked up on at the Silver Summit was just how many people choose to believe what they think without looking at things for the facts. Point being...
While at the HL, Hecla mining presentation near the end I looked at the guy sitting next to me and said great company if they hadn't hedged and kill themselves. With that not only did the one guy respond but at the end two others joined in educating me that they don't and what a solid company they were. The three went on for like 10 minutes trying to straighten me out, all polite may I add that they were the lowest cost per OZ and even better than GPR or FR value wise. So at the end thinking I was wrong I went ahead and did the research.
https://phx.corporate-ir.net/phoenix.zhtml?c=63202&p=irol-newsArticle&ID=1487614&highlight=
(During the third quarter of 2010, Hecla reported a$13.2 million noncash loss associated with mark-to-market derivativeaccounting related to its base metals hedging program, which wasimplemented in the second quarter 2010)
Dammmmmmmm, there it is derivatives right there in print. There hedged up the yin yang with non recourse loans tied to the project. Yes they are the lowest cost producer but can you SAY screwed with the terms of the loan.
Folks I'll bet my little friend the Silver Cricket that they didn't do the same and check into what I said. Sadly I was right for them. Point being is GPR, FR and a few others are in production with no debt. hedges and derivatives.
As silver hits $30 and GPR profit moon shoots this stock will rocket. That's when these others with high cost and no ability to increase price for base metals will choke on their own blood.
Stay cool and hang on for the countdown has started.