Searchlight Innovations Inc T.SLX

RE: The Hecla BB is a Ghost Town!

[Jasper16]

This isn't to suprising to me. Although a small sampling in fairness I met several of them at a trade show last year. They had an almost Amway cultist following. Very quiet group with utter belief in the company. I think I was just about the only person to ask any serious questions most about their hedges which they didn't talk about (lost 12 million in q3 on them). After the presentation several came up to me and tried to explain how I had it wrong and they were the lowest cost and this and that. Mind you with all respect to them they were very nice, pleasant and supportive of my questions and went way beyond to answer them. They had me thinking I was all wrong so I went back and did my DD and sure enough they used hedges on their base metals. Yes they are the lowest cost per silver OZ producer but they also sold their base metals at almost the lowest price and lost their ACE in spades on them. (and for how long)

Page 8 lost 20 million ytd on hedges

https://phx.corporate-ir.net/External.File?item=UGFyZW50SUQ9NDE2NTg3fENoaWxkSUQ9NDI4OTE2fFR5cGU9MQ==&t=1