Alexco Resource Corp (AXU)

[Family Roots]

Not familiar with that mine - post a link if you have more info - be interested in learning more about it

[ironyman]

The vein types and increasing depth is similar to Hecla’s Lucky Friday mine. A couple of ultra deep holes might surprise everyone.

[Family Roots]

Agree 100% ironyman - they are in production, announced new resources on top of their already significant existing resources and the stock is selling at half of what it was 4 months ago. I can’t see how First Majestic wouldn’t have an interest.

[ironyman]

At the current stock price, this is one heck of a buyout candidate

[Family Roots]

SeaBlue - I see Alexco less as a junior and more as a mid tier producer. Their plan is to do 4 million ounces next year. Considering that First Majestic has 3 Mexican mines doing 13 million ounces, adding a 4th property doing an additional 4 million ounces in a different country would give them a 30% increase in silver production. And the fact that Alexco is a high grade deposit might make it a great fit. I guess time will tell.

[SeaBlue]

I think you are right, particularly now that they have dropped the "one country" strategy. I wonder if they are considering acquisitions of silver juniors in other countries now?

If we get the triple-digit silver he is predicting, they'll be flush with cash for acquisitions. But if we get that I think Alexco and every other miner will be fine.

[Family Roots]

Hey SeaBlue - I know we bump into each other often on the various boards. Have seen a few Keith videos recently - he is still overly optimistic about triple digit silver - just a matter of when. Was thinking that Alexco would be a great acquisition for first majestic.

[SeaBlue]

I see several of us follow the same companies.....hoping the metals finally get their time to shine.

[douginil]

Thanks for posting the video link.

[SeaBlue]

Implanting posted this video over on the First Mining board. If Nudemeyer is right there will be HUGE demand for silver.

https://www.kitco.com/news/2021-09-24/Silver-price-to-hit-high-ranges-of-triple-digits-Not-enough-on-planet-to-meet-demands-Neumeyer.html

[SeaBlue]

No worries- Tiff Macklem and Jay Powell have your back! They will print until they cannot.

[Family Roots]

We can only hope that all these crappers get a bad case of constipation this fall. I thought silver would have broken through $30 by now.

[SeaBlue]

Crapping silver after every meal....had me chuckling...

[ironyman]

I’ve never seen an intersection containing 14,543 gpt. That’s crazy!

[ironyman]

Those are some really good drill results, yet the stock price continues to go down. …..The only way I was able to obtain the green points for the new home I am building, is to build an 8kw solar array. Obviously someone must be crapping silver after every meal for the price to continue dropping liked it has.

[timberwolf7]

Stock and company are doing well but no one cares.


part of the problem is the damn emotional cycles folks try to create in the Precious Metals sector..

PROMISES that gold and silver are 'going to the moon' for instance only for the 'psych' experiment to fade away and end up leaving folks wondering what happened (wonder for instance how many own physical silver and gold simply because of the hype and hope promoted thinking they were going to score big $s??)

Anyways, agree, AXU is a good buy at the current price... just got to figure out tho what price they can justify if they get a p/e of 10 because the sector isn't finding a lot of love from the market..

My target prices still are $3.50/sh once production gets going seriously and see $5 as a possibility even if the sector is 'out of favor'.. and will adjust as they start to show us what their profits will be..

But damn its been a looooong ride on this one thanks to that year delay in the water permitting..

[ironyman]

Real inflation around 30%. concrete, pipe, & lumber say much higher

[SeaBlue]

On top of your observations, if the silver price sees the significant price increase many predict Alexco should do very well. Their update a few weeks ago was awesome.

[Family Roots]

Hey SeaBlue - if Alexco keeps on track with growing production and adding to reserves I think this one should reward us well the next few years

[SeaBlue]

https://alexcoresource.com/site/assets/files/4579/sept_2021_corp_presn.pdf

[SeaBlue]

This could help Alexco and other silver miners.

https://silverseek.com/article/silver-projects-stand-benefit-us-crackdown-solar-panel-supply-chain

[SeaBlue]

The numbers look good. https://alexcoresource.com/news/2021/alexco-reports-interim-results-from-bermingham-drilling-composite-assays-to-1-681-g-t-ag-over-20.37-meters-true-width/

[Family Roots]

Grabbed more shares two weeks ago at $1.60. Looking forward to alexco hitting a new high this fall and a quick double on that bet! Been riding this horse for a long time - be nice to finally cash in on this roller coaster chart.

[Captainandy]

#AXU: THE TIME IS GOOD TO LOAD UP... $1.90

[SeaBlue]

I would check out the following:
sdbullion.com
goldenstatemint.com
jmbullion.com
scottsdalemint.com (They are very slow in filling orders)
apmex.com
bgasc.com

[Family Roots]

Thanks SeaBlue - something for me to consider. Who do you buy from? I get offers from First Majestic but haven’t bought any yet. Not sure how their premium compares with others

[SeaBlue]

I think you will be right. Inflation is already taking off.

[SeaBlue]

Yes, delivery. I do not have any custodial silver held for me by someone else.

[Family Roots]

SeaBlue - do you take delivery of the physical silver?

[Family Roots]

SeaBlue - last Friday I bought some Alexco, First Majestic, Americas Gold and Silver (all in production) and PSLV which in my mind is me buying physical silver. I think gold and silver will move higher the next couple of months - the printing of counterfeit will catch up with the world economies in due time. Trillions of new spending will most likely keep the stock market from crashing - so much cash out there that needs to be invested somewhere. I see no way out of run away inflation (maybe lockdowns might slow things down in the near term) in the years ahead.

[SeaBlue]

I was really tempted to buy more shares but I bought physical silver instead. The share price drop here has been surprising but I do not think it will be a long-lived drop. That being said, I have been wrong before. Plus, I think the shares of the miners will sell off initially if we get a huge market drop and then will recover as investors move to safety. I hope Trudope does not follow the lead of those lunatic Aussie leaders and freeze everything. Those Aussie leaders are insane.

[Family Roots]

Couldn’t resist - picked up additional shares on Friday. I’m all loaded up for the run back up to $3.00. Predicting a run to Silver $30 in September. All aboard!

[ironyman]

For the moment, this company is going nowhere. V

[Family Roots]

Alexco is a “red light” special at this price. I think there has been so much money printing going on that it should keep the market propped up in the near term. There is big money betting against gold and silver so in my mind that is a bigger head wind right now than the market crashing. Be nice to see gold crack through $2,000 and silver through $30 this fall.

[SeaBlue]

AXU is looking pretty attractive here. I just hope a stock market crash and/or general economic crash does not jam up the miners somehow.

[Family Roots]

hey SeaBlue - thanks for the video - took a position in Treasury Metals this week. No luck doubling my position in Auteco under the OTC symbol so I am giving up there. If it is too difficult to buy in - I am sure it will be even tougher to sell. I’ll reconsider if I see that symbol doing more daily volume. The two I am focused on for the upcoming week are Alexco and USAS. I think the smaller producers will be a sweet spot come fall. We’ll see.

[SeaBlue]

Brief discussion of Alexco starting at about 19:20.

http://www.kereport.com/2021/07/30/richard-doc-postma-and-shad-discuss-gold-silver-and-5-mining-stocks-they-like/

[Family Roots]

What does he think the market cap should be? They have 100 million ounces in the ground - at a market cap of $325 million - that is a value of $3.25 per ounce. Sounds reasonable to me. And to your point If silver breaks through $30 this fall, AXU will be over $3.50 per share

[SeaBlue]

Bearish article discussing AXU.

What he fails to mention is the potential profits if silver reaches new highs.

https://seekingalpha.com/article/4444129-alexco-resource-looks-overvalued?mail_subject=axu-revisiting-alexco-resource-the-company-looks-overvalued-based-on-fundamentals&utm_campaign=rta-stock-article&utm_content=link-2&utm_medium=email&utm_source=seeking_alpha

[Family Roots]

I was talking about USAS but AXU is a similar story with disappointments.

[ironyman]

Been here too long myself. Based on information given, they should have already be producing something. No wonder the shorts are all over this….There never should have been another dilution. obviously management is going along with some degree of a scam……Really,,,,At 25.00an ounce, one should be making a crap load ofmoney

[Family Roots]

Ironyman - seems like one miscue after another since I bought some shares a few months back. Kept digging and bought down my position last week. Encouraged that Lassonde has taken an interest in company and I know Sprott invested in 2020. I’ve been patient with so many of my other precious metal investments - guess I can be here as well.

[ironyman]

The production should have already been up. This silent treatment lame.

[SeaBlue]

Hi Family Roots, I will take a look. Thanks for the heads up. Been out of town and neeed to catch up on a bunch of stuff. Give me a week or two.

[Family Roots]

Ironyman - this is what caught my attention and got me interested

https://kingworldnews.com/pierre-lassonde-has-been-aggressively-buying-this-mining-stock-his-top-pick-for-2021/

[Family Roots]

Hi Ironyman - why do you think profitability is so far out? Their production should be way up in 2022.

[ironyman]

USAS is years away from profit.

[Family Roots]

Hi SeaBlue, I know we see each other on a couple other boards - been picking up shares in Americas Gold and Silver Corp (USAS). Take a look at it. Unlike our others we follow - it is in production and I think a huge turnaround story. Take a look at it if you are not familiar with it - appreciate your opinion.

[Family Roots]

Aarin - not at 25% but did add a chunk more AXU shares to my portfolio today. When silver makes another move up this fall AXU will be over $3 again. Love the predictions for a $5 and $7 share price - that would make for a great Christmas.

[ironyman]

Seems to be no love for AXU