15:27:24 EDT Wed 24 Apr 2024
Enter Symbol
or Name
USA
CA



Alexco Resource Corp
Symbol AXR
Shares Issued 92,935,194
Close 2017-01-17 C$ 2.43
Market Cap C$ 225,832,521
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Kwantes comments on Alexco Resource

2017-01-17 20:18 ET - In the News

James Kwantes, in the Jan. 5, 2017, edition of Resource Opportunities, comments on Alexco Resource Corp., recently $1.97. Mr. Kwantes previously said buy on July 10, 2016, at $2.35. A former editor of the newsletter, Lawrence Roulston, said buy five times from Sept. 9, 2009, to July 25, 2013, at prices ranging from $1.35 to $7.93. Assuming a $1,000 investment for each of the six buys, the $6,000 position is now worth $4,198. Alexco is currently exploring two deposits in the Keno Hill silver district of the Yukon. At one of them, Bermingham, the company recently completed a drill program that turned up highlights such as 7.16 metres of 4,375 grams per tonne silver and 3.98 metres of 6,477 g/t silver. Even more recently, the company updated its resource estimate for Bermingham, pegging the indicated ounces at 17.3 million (up from 5.2 million) and the inferred ounces at 5.5 million (up from 700,000). The other deposit is named Flame and Moth, and benefits from its proximity to a processing plant. Mr. Kwantes seems to like the deposits, but sees two "major headwinds" for Alexco, namely silver prices and a "very punitive" silver stream held by Silver Wheaton. Alexco wants to renegotiate the stream.

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