RE: Impressive production numbers If I use a figure of 50:1 to convert gold into silver equivalent oz, that tells me that RX production was slightly down in Q2. They produced approximately 448 K silver equivalent oz in Q1. To get to 860K they would have had to produce approximately 412K, which would be down almost 10%.
USA produced 559K in the first quarter. To reach 1.2M they would have needed to produce approximately 641K oz. When you consider rounding, the minimum would have to be 600K which is a good figure for them. We also have the Couer mine that should be in production in the second half of 2012. I can see why Hecla would like us so much at $1.80 per share.
As for RX, those are not terrible numbers but they do not seem as good as Q1 no matter what conversion rate you use. With Sprott backing the merger, Hecla's current offer is dead in the water. I would probably back the RX deal.
Bob