Frytown, Iowa | last year around this time a worker died at the lucky friday mine in idaho and the safety and health shut the whole mine down for a year...
its about to start back up again as hecla completely re done the mine to make it more efficient in the future... they did not waste their down time... they did way more than what was required of them and the mine was shut down during some of the lower prices of silver...
my guess... and what im banking on, is that the mine opens and production starts flowing better than expected far over shooting expected income.... fueling that income will be help from higher silver prices...
im thinking this is a good buy.
HL
http://www.forbes.com/sites/kitconews/2012/11/06/updatehecla-plans-to-reopen-lucky-friday-mine-in-1q-loss-reported-in-3q/
http://www.shoshonenewspress.com/news/article_a46f783c-32ad-11e2-816d-0019bb2963f4.html
historically this stock is near lows... highs in the 80s were $30 but realistically $10 sounds good to me. even if its less, when this mine opens and the company makes good money.... 6 months from now this stock will be higher by a large percent.
please make your own marketing decisions and not based off of mine... this is only a "heads up" on a stock.
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