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News should be out next month >>
In regards to the Bermingham Decline Completion...
-Then we can drill downtown and add some OZ's to that Pre-Fes coming up late summer.
Watch this last conference with CLYNT our CEO.. He had to talk fast and there was a lot of unfiltered info..
- He's hoping to reach 100 million oz's in that upcoming Pre-Fes Report
ALEXCO >> NEW PRESENTATION FOR JAN 2018 SHOWS AND APPERANCES
https://www.alexcoresource.com/site/assets/files/4123/alexco_presentation_-_january_2018_final.pdf
PAGE 6 says it all..
Seems the big announcement Date for Flame and Moth Slope has been pushed from Late Feb to April 1st. But Rest of time line stands.
Nov 1st is next Big Announcemnet Date 'Commission the Mill' with the Bellkeno stockpile..
Also Maybe add some more oz's to the inferred stack in July.
Key trading time frames moving forward..
Price surges up are coming.. Along with minor corrections.
Time to add some shares on the flip side with this current move up that will last til 1st week of Feb. Then sell off a little after..
The fun begins again I hope !
Looking for a bit of breakout to $1.80 level next week >>
Crystal Ball tells me things.. !
YES!
Depends on Timing of those moves vs timing of Mine restart..
If we stay on track and start mining again in October 2018 and lets say for arguments sake Silver Price hits $20 around same time and then slowly climbs up from there to $50 an OZ. Then I believe the following Prices for AXU would move up as follows.
First level for large AXU price movement will be the RE-RATING we get when we make that next decision in regards of Production moving forward in Feb 2018. If we commit the next $8 Million to building out the Flame and Moth incline we will get the re-rating. (EXPLORER to PRODUCER STATUS) That will easily get us in the $3-$4 range immediately no matter what the price of Silver is at that time...
$20 Silver in 2019 will give us $90 million in Revenue for the year if we are producing 4.5 million oz. My guess we would then be at 6x multiple at this point. So easily $6-$8 range in 2019 IMO. But remember the top Silver producers get up to 10x multiple.. So there is some wiggle room to be had to the Plus Side...
Every $10 rise in Silver price adds $45 Million to the bottom line for the first 3 years of production..
$30 Silver Gives us $8 - $10 ($135 Million Rev per year)
$50 Silver Gives us $14 - $18. ($225 Million Rev per year)
Don't forget once Bellkeno runs out of pay dirt, the Reclamation Biz will be spun-off into separate Co. shortly after. Which should add to the Share price prior to that happening as well..
Just rough guesses IMO.
GLTA Waiting Patiently for Feb '18 news !
Alexco About To Win $500 million Clean Up Job >>>
Plus or Minus that is... Pending on plan.. See earlier post..
Cotter Uranium Super Fund Site...
Which will add to the $100 Million backlog already for Alexco Reclamation Co. in Keno Hill District.
When they spin this company off next year we will own 2 amazing companies.
DOn't forget about that Mt Nansen Gold mine deal. Results out for that one anytime..
GLTA
Huge Volume Today >>
Only thing in the news this week is that Alexco Environmental was approved to take over Cotter Uranium Mine in Colorado to clean it up...
$1 billion in waste there ! Plus we would own the 2600 acres to repurpose afterward.. Which is why we created that LEAGACY LAND CO.
http://www.canoncitydailyrecord.com/news/cotter/ci_31460183/transfer-cotter-cleanup-denver-company-waiting-state-approval
http://www.denverpost.com/2013/02/19/removing-uranium-tailings-would-cost-895-million-cotter-corp-says/
WOW ~ Drill Results AmazingBalls
look at that k-17-0664 drill result >> 6,620 g/t ... 12,003 g/t
WTF
In the SW ZONE:
K-17-0658 intersected the Bear Vein grading 1,547 g/t (49.73 oz/t) Ag over a true width of 5.15 m from 375.40 m.
K-17-0668 intersected the Bermingham Vein grading 1,447 g/t (46.53 oz/t) Ag, over a true width of 4.18 m from 352.25 m, including an interval of 6,730 g/t (216.38 oz/t) Ag over a true width of 0.66 m from 355.10 m.
The hole also intersected the Bear Vein grading 1,469 g/t (47.24 oz/t) Ag over a true width of 2.21 m from 370.25.
K-17-0653 intersected the Bermingham Vein grading 1,678 g/t (53.96 oz/t) Ag over a true width of 3.40 m from 350.48 m.
K-17-0641 intersected the Bermingham Vein grading 1,190 g/t (38.26 oz/t) Ag over a true width of 2.44 m from 341.33m.
K-17-0645 intersected the Bermingham Vein grading 2,056 g/t (66.10 oz/t) Ag over a true width of 1.09 m from 347.27 m.
K-17-0662 intersected the Bermingham Vein grading 2,757 g/t (88.64 oz/t) Ag over a true width of 1.03 m from 305.11 m.
K-17-0664 intersected the Bermingham Vein grading 6,620 g/t (212.84 oz/t) Ag over a true width of 0.53 m from 359.50 m.
In the MID ZONE below the planned mine blocks:
K-17-0643 intersected the Bermingham Vein grading 2,464 g/t (79.23 oz/t) Ag over a true width of 5.01 m from 399.40 m, including a 0.70 m true width interval grading 12,003 g/t (385.91 oz/t) Ag from a depth of 404.20 m.
In the NE ZONE:
K-17-0659 intersected the Bear Vein grading 1,214 g/t (39.02 oz/t) Ag over a true width of 5.05 m from 311.50 m, that included 3,180 g/t (102.24 oz/t) Ag over a true width of 0.14 m from 311.50 m, and 2,096 g/t (67.38 oz/t) Ag over a true width of 2.65 m from 314.30 m.
K-17-0663 intersected the Bear Vein grading 2,518 g/t (80.95 oz/t) Ag over a true width of 4.20 m from 331.80 m, that included 8,905 g/t (286.30 oz/t) Ag over a true width of 1.10 m from 334.50 m.
K-17-0669 intersected the Bear Vein grading 704 g/t (22.64 oz/t) Ag over a true width of 3.76 m from 321.07 m, that included 2,567 g/t (82.54 oz/t) Ag over a true width of 0.97 m from 325.19 m.
K-17-0671 intersected the Bermingham Vein grading 10,126 g/t (325.55 oz/t) Ag over a true width of 0.21 m from 271.05 m.
So What you're saying is... There's still a chance :)
65k shares waiting and Ready !
Drill Results Out Next Week ~
Wonder what they will say about the Birmingham Deposit ! How much bigger is it than before !
Crazy Final 30 minutes of trading today..
Goes Up 13% in final hour..
Hopefully tomorrow it will hold !
Looks to bounce off the 200 Weekly avg this week. May spike thru it tomorrow or next.
Lots of News out this week that will be used to suppress prices. Rate Hike / Jobs Report Friday ( the favorite day for them to smash)
I'll be buying some tomorrow or next if it drops fast and hard.
AXU tends to react before Silver Price..
$1.08 seems to be the launching pad.. Could smack 1.00 on the ass on Wednesday or Thursday.. Then we'll never see these prices ever again...
We are now under 11 months until we morph from Exploration Company to Silver Production Company ... That alone is worth a 200% move up at these prices.. No matter what the Price of Silver is doing..
The question is when will that 2-week mega-run start... My guess is in Very soon ~
NEWLY DESIGNED ALEXCO WEBSITE OUT >> NICE
New PRESENTATION Out >>
Expect some drilling results soon >>
https://alexcoresource.com
Hopefully this was a STOP GAP drop.. Heavy Volume for no reason..
Could be getting close to a run here next week or a drop !
who da fuc knows!
My Crystal Ball Says some Summer Drill Reports Coming Out >>
Within next 15 Trading Days. No Later than the 26th Sept.
Should also see an Official PR about Finally Being Issued Land Permits.
Things about to heat up !
Crystal Ball also says it's to hit $4.00 by ThanksGiving !
GLTA
We'll See what happens at the open tomorrow after Non_Farm Payroll numbers come out...
If we over shoot 180k new we drop 5 to 7%
If we under shoot 180k new jobs we go up 7 - 9%
If we hit it on the head... it's a toss up !
IMO
After that, who know for know. Lets get into september first.
Yes, GO Cubs !
NEED SOME FOLLOW THROUGH >>
Looking good Billy Ray....
I'm expecting more of Run Up as we approach EOD.
Time to Dust of that Ole Crystal Ball.
Looks like we about to start something fun!
I'm Predicting CLose ABove $1.60
GLTA
Like what I'm seeing today >>
$1.53 puts me back at Even Steven.
The gravy train is leaving the station !
All ABoard !
ALEXCO Just Received (08/08/17) it's Land Use Permit for the Bermingham Advanced Exploration Project.
Let the digging begin !
http://www.yesabregistry.ca:80/wfm/Project/nullj0wxrxrym50
Alexco and Avino Silver & Gold Mine to Form Joint Venture :
Eagle Property Option Agreement
http://www.avino.com/s/eagle.asp
An option agreement dated July 18, 2017 between Avino and Alexco Resource Corp. ("Alexco") has granted Alexco the right to acquire a 65% interest in 14 quartz mining leases located in the Mayo District, Yukon Territory, Canada, known as the "Eagle Property". To exercise the option, Alexco must pay Avino a total of $70,000 in instalments over 4 years, issue Avino a total of 70,000 Alexco common shares in instalments over 4 years, incur $550,000 in exploration work by the second anniversary of the option agreement date, and a further $2.2 million in exploration work on the Eagle Property by the fourth anniversary of the option agreement date.
In the event that Alexco earns its 65% interest in the Eagle Property, Alexco and Avino will form a joint venture for the future exploration and development of the Eagle Property, and may contribute towards expenditures in proportion to their interests (65% Alexco / 35% Avino). If either company elects to not contribute its share of costs, then its interest will be diluted. If either company's joint venture interest is diluted to less than 10%, its interest will convert to a 5.0% net smelter returns royalty, subject to the other's right to buy-down the royalty to 2.0% for $2.5 million. The Eagle Property was previously inactive and held by Avino as a non-essential asset to its current operations.
Alexco's Remediation Biz just created a new Sub-company in Colorado.. Looking to take over Uranium Mine involved in Atomic Bomb Disposal site
Colorado Legacy Land LLC is made up of two companies, Legacy Land Stewardship and Alexco, which specializes in cleaning up contaminated sites. Colorado Legacy Land was formed specifically to acquire the Cotter land, said Eric Williams, the president of Legacy Land Stewardship.
$43 million cost to clean-up
http://www.canoncitydailyrecord.com/ci_31155803/developing-new-company-may-be-responsible-cotter-corp
Still waiting Mt Nansen Gold Mine Project as well..
Price action LAME last 3 months !
Hopefully this is the price base that will propel us upwards in the days and months to come..
I think we will are getting close...
Hoping for some early Drilling result PR Teases coming soon..
Don't forget that Nansen Gold Mine decision is coming soon as well !
glta Holding Steady ALL IN NOW
185K SELL AT THE CLOSE >. DROPPED IT 10% WTF
Few days late, but I'll take it >>> Nice action today
Looking For A Good / Great Day Tomorrow in AXU Price>>
Everything looks set for the next leg up back to 2016 Highs.. @ $2.50
Hoping towmorrow is the day we've been holding out for for the last 2 months..
GLTA
Short Interest Up Another 9% to 2,408,400
Curious what they expect to happen here.
I just keep adding anychance I get!
Eventually this will run faster and farther then any other Silver JM.
Looks To Be Shaking Out The Cobb Webs Finally >>
Let's hope this is the turn >.
Still expect another tank prior to June Rate Hike News...
But we should see a nice little run here for next 2 weeks..
LIKE THIS NEWS TOO >>>
http://www.cbc.ca/news/canada/north/alexco-keno-hill-silver-mine-bermingham-1.4116621
GLTA
I Like This.. HIRING FRENZY at Alexco :)
http://www.alexcoresource.com/s/careers.asp
This stock is gonna allow us to keep accumulating for another 6 months at these lower prices.. YIPPIE!!
Best Retirement plan I got going !
NO BRAINER - AS FAR AS THE EYE CAN SEE WITH THIS PICK
Had my accountant write it all off this year..
Apparently there is a way. All I provided her was the SEC PR on Delisting of APWR. And my loss statement from Ameritrade.
Silver price vs AXU timeline....
No one knows how it will play the next 6 months...
We have a big gap between now and production..
16 Months..
We will run.. But will we run when Silver moves or will we be held back based on long term schedule.
Are there better short term plays? Or should you just accumulate.
We drop if Silver Drops. Hope we hold this Area around $1.35
But who knows what they have in store.. Double bottom at $1.03 is always possible.
Im ALL in at $1.54
Expecting that bottom in today or tomorrow...
Wish I waited last week... But Haven't been right in a long time !
Still no worries... Playing Long Ball !
Felt a Tremor in the Force >> SO I Went ALL in at $1.54...
Seems like we might have a little bump coming with Debt Ceiling Deadline and possible Govt shutdown coming in the beginning of May
GLTA
Just Dipped My Foot In the Pool..
Could be a wild weekend on the WAR FRONT..
Don't want to get locked out on a Monday Morning Pre-Market Panic if crap goes south over the holidays ..
Extended holiday weekends always seem to be a good time to go bat-crazy geo- politically for the USA..
New Alexco Presentation Just Out >> Enjoy
http://www.alexcoresource.com/i/pdf/ppt/2017-04-03-CP.pdf
My reasoning for those valuations is simple...
In 2010 / 2011 run up in Silver and AXU -
AXU made it to $9.50 range with $38 silver - We collapsed at that point and didn't run anymore as Silver went to $50. AXU was above $5 before we even went into production on Bellekeno
We had roughly 70 million shares then and 38+ million in INDICATED resources in the ground and we were only producing 2.5 Million oz / yr on Bellekeno during that run up.. With average TPD at 285/day
At that 9.50 high we had a market Cap of 400 Million Roughly only producing 2.5 Million ounces that year with a mine life projected at 4 years.
We also had AISC above $20 and a crappy Streaming agreement with Silver Wheaton
****** FUTURE SILVER PRICE EFFECTS EVERYTHING BELOW ..
But I am assuming Silver will be at $21 - $25 we when hit the go button.. So using that number and based on the below numbers..
$20 is easy if everything stays on schedule from here..
Jump to 2018 - and we have roughly 95 Million Shares and 77 Million Indicated Resources and growing - Our TPD will jump to 400Tpd/ day
Our AISC was lowered to $12.50 and our streaming agreement was adjusted to a much much better deal. Mine life now at 6+ years.
The $100 Million Backlog that the Yukon Gov will pay as we start to clean up the Keno hill district will finally commence as we wind down Bellkeno mine in the first few quarters of Mining. At which point ALexco plans on spinning off their Reclamation business..
Alexco will most likely will never be able to sell the main KHM property because the Yukon Gov won't allow it based on how they received the property in the first place.. But anything is possible I guess.. But makes no sense IMO to sell.. No need to.. They have to be there anyway why sell the silver to someone else..
This just for starters.. I could go on all day ! IMO
At end 2018 we are still 6 months away from Production.
I like $20 when First Silver hits the AXU box in Q3 2018.
However, If we get some more great drill results this summer at Birmingham extending it and or a possible new Target Find.. $20 is possible by end of 2018
Not Gonna lie >> Happy we get more time to accumulate this hidden gem..
Think silver does a little run up here into the end of April.. Mid $19ish
Then we get one more smack down dive many weeks prior to FOMC meeting in June.. Still a lot of shorts that want to cover before the next big move up..
Then Silver takes off for remainder of year in 2017..
10 weeks IMO left before Silver breaks back above $20 and stays..
AXU - hoping we get to $1.40 on this current roll over.. Then hopefully play the 4 week bump in silver prices..
We will see.. I'm ALL OUT waiting to flip in for more shares..
GLTA
This is an easy paying lottery ticket IMO with little to no downside risk... I'm seeing a $10+ share price by end of 2018..
Our New AISC is amazing. Can't believe we got it down to $13 area.
"US$13.51/oz of silver (including direct operating costs, sustaining capital, the Silver Wheaton stream, corporate general and administrative and ongoing surface exploration costs), and AISC over the first full three (3) years of production to be US$12.18/oz of silver."
We were above $20 when we were in operation before..
So 2017 looks like we be increasing some indicated with more drilling at Bermingham. And getting the Mines prepped//
The re-worked Silver Wheaton Agreement is great news... Except we gave them 3million shares.
Plus we need 27 million to hit the re-start button in 2018..
Payable back within first year.. But still gonna need to borrow it somehow.
"Payable production is anticipated to be a total of approximately 25.1 M ounces of silver, 77.3 M pounds ("lbs") of zinc, 67 M lbs of lead and 4,870 ounces of Au over an eight (8) year mine life. Average annualized payable silver production is 3.5 M ounces per year, with the initial three years of annualized payable silver production averaging 4.1 M ounces per year."
SO.. A year of minor dilution.. Expanding resources.. And the opportunity to buy low and sell high. Should be fun how this trades against moving silver price for the next few months.
I expect that it will continue to be connected to silver price throughout. But only time will tell... GLTA
Does she Drop or Run tomorrow ..? That's the million dollar question!
All Great News >> It's Just We got to wait another Year for things to fire up again...!
Looks like we will have some time to accumulate more shares..
Good news but to bad IMO.. Was looking for some fun this year !