Proximity to Alexco's Bellekeno MineWhile I hate the name Monster Mining, it has got a lot going for it due to its proximity to the Alexco’s Bellekeno mine, which has shown how profitable this area can be.On May 12, 2011, Alexco reported their first production quarter for Bellekeno:
- Net income for quarter of $3.5 million (.06 basic and diluted earnings per share) and pre-tax income of $5.0 million on combined mining and consulting services revenue of $20.5 million
- Cash flows from operating activities of $7.2 million
- Bellekeno mine revenue of $18.8 million and gross profit of $9.5 million, on sales of 3,083 tonnes of lead-silver and zinc concentrate
- Production of 447,524 ounces silver, 3,682,304 pounds lead and 1,334,144 pounds zinc
- Realized metal prices averaged US$39.88 per ounce silver, US$1.20 per pound lead and US$1.07 per pound zinc
- Cash costs of production1 of $8.88 per ounce of payable silver produced, net of by-product credits
- Bellekeno ramp up continues, maintaining calendar year 2011 production guidance of 2.8 million ounces silver, 18 million pounds lead and 8 million pounds zinc
https://www.alexcoresource.com/s/NewsReleases.asp?ReportID=456872&_Type=News-Releases&_Title=Alexco-Reports-Net-Income-of-3.5M-and-Operating-Cash-Flows-of-7.2M-In-First...
Monster’s Claim map also shows Alexco’s claims at Keno Hill and they appear to abut closely.
https://www.monstermining.com/i/pdf/Geology_of_the_Keno-Lightning_project.pdf
Silver Wheaton has put capital into Alexco showing their faith in the project.
May take some time,but should be a 10 bagger unless management screw it up!