RE:AXR to GoldThanks, goferman, good work. However, while AXR is highly undervalued by any reasonable metric, I'm not sure those price comparisons - while encouraging - are especially relevant. Miners are usually the first to fall and the last to recover, and the GSR has expanded considerably since those price ratios were applicable. Alexco's situation - or at least the perception of it - is also different now. Until this week's rally, one could have assumed the market had left it for dead. But - as I mentioned in my previous post - we can see now that is definitely NOT the case.
What will really propel AXR up, of course, is a (consistently) higher silver price. (BTW, if this is accompanied by a gradual retreat of the inflated GSR, as I expect will be the case, it may not take an especially high gold price to make that happen.) And especially, a reopening of the mill, backed by a solid business plan that takes advantage of lower oil costs, interim optimizing of the mill, and a mix of ore grades that generates a sustainable profit without killing the golden goose to gain a few silver eggs.
I suspect the latter of these options is not a big worry, as evidenced by the (now very wise-looking) decision to temporarily shut down rather than high-grade the mine. Imagine how much cash AXR could generate if (when?) we return to $40-plus silver!