NYSE:HL - Post Discussion
Hecla Mining Co
> $30 ounce on Friday for the first time since Feb. 14, 2013
Post by
HuskySW on May 17, 2024 1:34pm
$30 ounce on Friday for the first time since Feb. 14, 2013
USD Bid: 6.14 x 11,600 Ask: 6.15 x 38,000 Volume: 11,669,769
Looks like silver futures might get pushed and heavy vol., so...
Further reading only of you have a sense of humor... ;)
Hecla, you bought/got KH new equipment, you got/bought the new patended mining method, your training the personnel for safety, so in the case of KH $30 ounce should show aQ2 profit (if one compares old processes to new) which means 400/500 TPD of mixed ore from more than one hole. The historical data is available and it's what it takes, remember there is no such thing as the magical silver fairy and there never was, so time is of the essence and the claim is you expect to be in the Yukon (KH+) for decades. Todays business environment is not like the last 100+ years, first movers, rapid change is the name of the game. KH is like a wild child you either get it or you don't... lol
Ps. Historically of all the mines in the Mines in the Yukon including VG Keno Hill has the best near term possibiltes as it can turn on a dime from loss to profit.
Quoted -
"The grey metal is on track to settle above $30 an ounce on Friday for the first time since Feb. 14, 2013, according to Dow Jones Market Data. It would be the latest milestone in a rally that has seen both the most-active and front-month futures contracts climb nearly 30% so far this year, Dow Jones data show.
Silver's advance is happening amid a broad advance in metals that has seen gold and copper prices climb to record highs."
Best of luck to all.
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