Alexco Resource Corp (AXU)

[SilverEagle]

I know it's stupid to think this way, but to me, AXU is currently valued only for the Elsa tailings. The rests of mineral resources and the value of the environmental services business are not taken into the consideration in the market cap, IMO.

Reference: Elsa Tailings

Based on assays of tailings samples, indicated mineral resources for the Elsa tailings have been estimated at 2.49 million tonnes at 119 gpt silver (9,526,000 total ounces of silver), 0.99% lead and 0.70% zinc. The Elsa tailings resource also includes an estimated 9,600 ounces of gold.

9,526,000 + 9,600 x 73 = 10,226,800 silver equivalent ounces
10,226,800 x $17 = $173,855,600

Current Market Cap is only 110.54M