RE:RE:RE:RE:RE:Is this company hedged at all?Angel: In case you missed it, the Jun 24 news release regarding new streaming agreement (Not hedge, and also Not royalties; this is a streaming agreement for the 50 million USF development funds advanced to Alexco from Wheaton about 12 years ago, substantially secured by AXU assets, and modified several times since):
https://stockhouse.com/news/press-releases/2020/06/24/alexco-moves-forward-to-production-at-keno-hill
Payment by Wheaton to Alexco for 25% of silver production from Keno Hill.
(First 2 years, if 8 million oz total production, of which 2 million oz to Wheaton)
In the case of today's 24 dollar silver, payment to AXU for the first two years or 2 million oz would be 2.40/oz USF, or about 3.36/oz Canadian.
[90 - ((24 -15) *10) = 90%-90% =0% of spot (but adjust to minimum 10%) * 24.00 = 2.40 USF.]
and
For 30 dollar silver, Wheaton pays 3.00 USF or say 4.20 CDN.
For 20 dollar silver, Wheaton pays 8.00 USF or say 11.20 CDN
And for 10 dollar silver, Wheaton pays 90% of spot or 9.00 USF or say 12.60 CDN.
(Note that maximum and minimum payments are 90% and 10% of spot. Below 15 spot invokes max 90%, above 24 invokes minimum 10%).
I believe this accurately represents the current payment agreement. All these agreements except the first one have been a little complicated.