Alexco Resource Corp (AXU)

[dingocub]

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