RE:I'd like to knowMy 2 cents worth.
Took a quick peak at online financial statements and past ongling funding. Didn't seem usual. Thoughts welcome.
Not sure it's for an aquisition, seemed like Alexco stated it was for ongoing expenses. What would be Alexco's burn rate for the new exploration and ongoing startup production costs? Bet the total including Vancouver and staff is higher than guessed.
"The proceeds from the sale of the Shares will be used to fund continuing development at Keno Hill and for general corporate and working capital purposes in a manner to be set forth in the Prospectus Supplement (as defined below)." Alexco Announces C$25 Million Bought Deal Public Offering | Alexco Resource Corp. That said there is still some interesting exploration in the Haldane Area that was not explored to the geopgraphy.
AlianAlianza Minerals Hits Big at Haldane with 1.78m at 818 g/t Silver Interceptza Minerals Hits Big at Haldane with 1.78m at 818 g/t Silver Intercept
Alianza Minerals Hits Big at Haldane with 1.78m at 818 g/t Silver Intercept (theaureport.com) As an aside Victoria Golds "Dublin Gulch" property, just past Elsa, which is now in commercial winner is an interesting parallel in risk and reward. Speaking of risk and rewards. My biggest non starter involvment was Geddes Resources "Windy Graggy Property" in "The Tat". 50,000,000 in 88 - 91, In today value there is still 31 billion in the mountain due, " likely locked forever" due to it's inclusion in 1993 within a park. It's all risky business. :)