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Alexco Resource Corp. T.AXU

Alexco Resource Corp is engaged in mineral exploration, and mine development and operational activities primarily in Yukon Territory, Canada. The company explores silver, lead, zinc, and gold deposits. The firm's projects include Keno Hill Silver District, Flame and Moth, Bermingham, Lucky Queen, Bellekeno, and others.


TSX:AXU - Post by User

Comment by Stratocheifon Dec 23, 2021 11:30pm
106 Views
Post# 34260043

RE:Neumeyer interview

RE:Neumeyer interviewGlobally, 55 million ounces of silver is used in all auto production. If tomorrow all new cars produced in the world were electric, they'd consume 83 million ounces because an electric car uses 1.5 times the silver of a gasoline car. So where is the coming silver shortage? 26% of the 850 million ounces of silver produced annually (220 million ounces) is bought by stackers. That doesn't signal a real deficit does it? If industry buys more of it for cars and solar panels, there will be less for the idiots who buy it just to stash it away somewhere. Mr Neumeyer himself admitted in a recent interview that he bought the gold mine in Nevada because it's just not possible to have good stable revenues and profits from mining silver but with gold it is. If he buys anything next it will probably be another gold mine.
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