06:12:24 EDT Fri 26 Apr 2024
Enter Symbol
or Name
USA
CA



Alexco Resource Corp
Symbol AXR
Shares Issued 101,165,755
Close 2017-08-28 C$ 1.96
Market Cap C$ 198,284,880
Recent Sedar Documents

Kwantes says why to buy Alexco Resource

2017-08-28 20:16 ET - In the News

James Kwantes, in the Aug. 14, 2017, edition of Resource Opportunities, tells readers why to buy Alexco Resource Corp., recently $1.73. Mr. Kwantes previously said buy on July 10, 2016, at $2.35 and on Jan. 19, 2017, at $2.29. 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 seven buys, the $7,000 position is now worth $4,440. Alexco is a silver explorer (and past producer) in the Keno Hill district of the Yukon. It is currently working on a 12,000-metre drill program at its Bermingham deposit, where previous intersections have shown grades as high as 7,462 grams per tonne silver. Results from the latest program are expected in the fourth quarter. Alexco has plenty of money for drilling, having recently raised $9-million at $2.15 a share. Separately, Alexco recently amended its silver stream agreement with Wheaton Precious Metals, negotiating terms that Mr. Kwantes considers much more favourable. He concludes that Alexco offers "tremendous leverage" to rising silver prices and recommends that investors buy the stock ahead of the arrival of the Bermingham drill results.

© 2024 Canjex Publishing Ltd. All rights reserved.