Actually,no
"With the resource and the mines we got, management has only given us proof of their incompetence.
Alexco is not the only company that had COVID on its back. it is however my worst investment in the portfolio. Others have performed admirably under these poor conditions.
Management (Clynt Nauman) comes with all these sob stories where other CEO's have done their job.
A sad disappointment management has proven to be." Rudin in France
I just listened to the CEO's of Victoria Gold and Alexco give their PDAC Yukon presentation from a year ago.
These two producers are direct neighbours. One gold. One silver.
It was said that both were ramping up into production and how Covid dealt them huge setbacks.
Nobody is happy with the length of time it has taken AXU to meet their guidelines and the sp certainly reflects that but get a grip. The Yukon enforced harsh restrictions during Covid:
https://www.youtube.com/watch?v=i21jSTj0cE4
44 minutes with Clynt
and next door neighbour Pres/CEO of Victoria Gold
Talk the pandemic and how it hurt both producers.
Yukon has full employment-attracting skilled labour was very problematic with very strict protocols.
Covid is still the number one risk.
LOTS of pressure from First Nations to shut down completely over Covid but the govt intervened and said no.
Both CEO’s thank the govt..
A simple permit that takes 18 months can take eight years in the Yukon.
Covid has added $100 per gold ounce to costs for Victoria Gold.