GWR is correct, management is finally accomplishing something with progress on a production schedule.  Hecla's revenue will disappear but Rodeo should provide somewhere around 8-9 cents per share of free cash flow annually over the next two years.  Plus, management now has ample cash and presumably won't need to raise any money for a long time.  Cash, necessary for Valardena development will continue to be supplemented by the exercise of wts.  2.5MM wts were exercised in Q3 and there are at least another 10MM from recent financing.

Someone recently inquired about a takeout.  Although M&A has slowed as most producers are vowing to remain disciplined, this would be a very cheap and attractive acquisition for someone like Hecla who is already positioned in the area.  Of course, Sentient would have to sign off on it with their 40+% ownership and they would probably turn down anything below $5 over the long term. 

Assuming the metals begin another bull run soon, and production begins successfully in early 2021, there is no reason why this stock should be below $1/sh. early next year.  Additional gains should come from continual production success and metal price escalation.  Longer term, if Barrick finds El Quevar to be promising, this will become a huge windfall for AUMN.

Silverbull50