04:06:28 EDT Tue 30 Apr 2024
Enter Symbol
or Name
USA
CA



Alexco Resource Corp
Symbol AXR
Shares Issued 92,950,194
Close 2017-02-03 C$ 2.51
Market Cap C$ 233,304,987
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Kwantes says why to buy Alexco Resource

2017-02-03 19:32 ET - In the News

James Kwantes, in the Jan. 19, 2017, edition of Resource Opportunities, tells readers why to buy Alexco Resource Corp., recently $2.30. 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 $4,879. Mr. Kwantes is a fan of the "superhigh-grade" Bermingham deposit that Alexco is developing in the Yukon's Keno Hill silver district. Bermingham has similar host rocks to the historical Hector-Calumet operation, which produced 96 million ounces of silver between the 1920s and 1989. Should Alexco decide to restart production from its past-producing Keno Hill project, "Bermingham will be the key driver," predicts Mr. Kwantes. One challenge faced by Alexco is the financing arrangement it reached with Silver Wheaton in October, 2008, at the height of the financial crisis. Alexco is trying to renegotiate this arrangement on better terms. Mr. Kwantes concludes that Alexco offers "great leverage" to silver prices and should enjoy a "rerating" as it moves from exploration to production.

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