RE:slw dealThat's an excellent point, Tornado. It emphasizes my point that SLW's interests coincide with Alexco's, which is most definitely not the case with a bank. The banksters could care less about the company having to high grade the resource in order to pay off their debt - all they care about is getting their money.
That's not to say that SLW doesn't want to maximize its return as well, just that it can't do that by totally disregarding Alexco's situation. It's unfortunate that the downturn seems to have allowed them to take an even bigger piece of the long term value of the property, but that's life. If Alexco had chosen debt instead of a streaming deal, they might not even still be a viable business.