Brien Lundin, in the December, 2016/January, 2017, edition of the Gold Newsletter, says buy Alexco Resource Corp., recently $1.80. This is the first time he has recommended the stock. Alexco controls much of the Keno Hill silver district in the Yukon, where over 217 million ounces of high-grade silver were produced from 1913 to 1989. Properties owned by Alexco include the past-producing Bellekeno mine, the nearby Flame and Moth deposits, and the Bermingham project, which hosts the Bear zone. Alexco also has a streaming arrangement with Silver Wheaton. Over the coming weeks, Mr. Lundin expects Alexco to: (i) release new drilling results from the Bear zone; (ii) publish an updated resource estimate for Bermingham that will include mineralization from the Bear zone; and (iii) revise its streaming agreement with Silver Wheaton, presumably on terms that are as good as or better than the existing arrangement. Mr. Lundin says these announcements could push Alexco's stock higher even if silver prices stay depressed. If silver prices emerge from their depression, so much the better. Although Mr. Lundin sees no need to chase Alexco, he advises far-sighted investors to start building a position now.