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Enter Symbol
or Name
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Alexco Resource Corp
Symbol AXR
Shares Issued 69,588,898
Close 2014-10-21 C$ 0.62
Market Cap C$ 43,145,117
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Int'l Speculator says hold Alexco Resource

2014-10-21 19:03 ET - In the News

The International Speculator, in its Oct. 6, 2014, issue, says hold Alexco Resource Corp. ($1.08). The newsletter said buy the Yukon miner and explorer 12 times between May 2, 2006, and Jan. 7, 2013, at prices ranging from $1.30 to $7.80. Assuming an investment of $1,000 for each buy, the $12,000 position is worth $3,497. The writer says that thanks to a recent financing, Alexco has enough cash to advance its Keno Hill silver mining operations toward production. He adds that given the good grades on the project, he is holding. Elsewhere in the issue, senior metals investment strategist Louis James says that while gold fell in September, it may not have become any less valuable. He explains that in today's increasingly chaotic and dangerous world, gold may in fact have become more valuable. Casey Research founder Douglas Casey has been preaching about the virtues of precious metals investments in an evermore dangerous world since at least the 1970s. Mr. James says that these days, a return on lunch seems more likely than a return on junior mining stocks, but he favours waiting out the market. "The difference between prices and reasonable valuations argue for going long and staying that way," he says.

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