RE:Under 45 cents?Important to understand that the shares offered at .45 are flow through shares that carry tax advantages with them. Investors will normally "pay up" for these shares because of these advantages and hence are usually offered at a premium to the market. notice that the Hecla shares are being priced at .40 as they carry no tax consequences. The positive thing with flow through shares is that the money has to be spent "in the ground" on exploration programs and cannot be used for management compensation or general corporate expenses (ie. office rent or lavish luncheons). Hope this helps...
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