highlights from HL's presentation at Denver Gold FHighlights from Hecla's presentation at recent Denver Gold Forum as seen by Analyst in crowd (sent to me):
Hecla Mining (HL : NYSE | HOLD, US$4.75)
• Work at Lucky Friday has progressed to 4900 level. Remains confident that they will complete rehabilitation activities by year end and resume production in H1/13.
• MSHA has inspected shaft and has approved its use.
• Expects to have scoping study on San Juan silver project complete by year end. (project in Mexico; of all exploration properties, likely to be the first one to go into production).
• Expect that all planned future development will be internally funded through cash flows.
------ ------ ------ end of notes ------ ------ ------
Also on my radar is Abcourt Mines Inc. (TSX-V: ABI) (Pink Sheets: ABMBF) (Frankfurt: AML) which is has 2 near-term production scenarios with reopening of the historic Elder gold mine in Quebec as a priority; From 1944 to 1964 the Elder Gold Mine produced 350,000 ounces of gold. See related insight/synopsis of the investment op here https://miningmarketwatch.net/abi.htm -- in short; dewatering is nearing completion, infrastructure is being upgraded, equipment has been purchased, and a Preliminary Economic Assessment is expected by the end of this September. Currently trading under CDN$0.12 cents per share ABI.V has a market cap under $21M CAD, is capitalized to meet near-term obligations, has no long-term debt, and possesses resources of significance (~20 million ounces silver, ~610 million lbs zinc, ~405,000 oz gold) with large growth potential that appear to position it as grossly undervalued.