No reason to really care about what AXU/AXR said Based on AXU/AXR shareholder loss there is no reason to really care about what AXU/AXR said or did say. They just told a story. There are suggestions on here that have been successfull in averaging costs and making money. Maybe that should be the focus on people who have has loses.
It is clear that HL is looking at consolidations and buying/taking over what they can in the Yukon for a great price. But even with that said HL has had to sink like what 50 millions + in KH after the fact, not including purchase. It looks like it really showed how far AXU was from production right up to where they sold.
Shareholders can be the judge on wheather or not AXU was a BS (Blue Sky) promotion on a massive scale. One that hopefully is not to be repeated.by HL even though it appears they where in negotiations whilst AXU was wondering how to carry on and Blue Skying..
Most of the adjacent properties are exploratory in nature, if I rememeber correctly. Not sure how many times this needs to be said but poking holes does not a new mine/resource make. It's an expense untill the poked holes produce and money is booked. The rest is promo.
Lets see how HL does at Keno Hill running with what could be a great mine and for sure they have to clear the pollution charges.
"Hecla says the tonnage mined at Keno Hill was constrained while underground infrastructure and ore headings were being developed.
Mill tonnage was also limited by the capacity of a temporary crusher.
Hecla spent the closing months of 2023 readying for the final push to ramp up mill output to 440 tons per day with the goal of being the largest silver producer in Canada by the end of 2024."
I beleive this is what HL is focusing on the rest is aquisition and exploration (expense).
https://www.miningnewsnorth.com/story/2024/01/18/mining-explorers-2023/hecla-becomes-major-player-in-the-yukon/8322.html