15:25:19 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Alexco Resource Corp
Symbol AXR
Shares Issued 88,665,663
Close 2016-07-26 C$ 2.23
Market Cap C$ 197,724,428
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Kwantes says why to buy Alexco Resource

2016-07-27 14:35 ET - In the News

James Kwantes, in the July 10, 2016, edition of Resource Opportunities, tells readers why to buy Alexco Resource Corp., recently $2.35. This is the first time he has recommended the stock. A previous 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. A $1,000 investment for each of the five buys is now worth $4,009. Mr. Kwantes has been interested in Alexco since last year, when he visited its silver project in the high-grade Keno Hill district of the Yukon. The company's most advanced discovery is called Flame and Moth, containing 1.63 million tonnes at 506 grams per tonne silver in the indicated category and 366,000 tonnes at 366 g/t in the inferred category. This is the second-largest discovery ever made in the district. Naturally, a good day for silver prices is a good day for Alexco, and Mr. Kwantes points out that Alexco's stock touched a high of nearly $10 during the silver bull market of 2015. If the current silver trend continues, "... the stock likely won't stop there [at $10] this time around," he reckons. He has opened a position and encourages readers to do the same -- just make sure to buy on a down day for silver.

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