Post by
HuskySW on Jul 19, 2021 12:25pm
Broad market retreat, but...
Reality is Alexco has slid approximately 30% in approximately 3 months. Probably oversold but that's probably still not getting investors on board. Alexco probably needs to get more than drilling results and ore in the ground reports out. Not withstanding my "nostaligic" comments and resulting comments of Elsa being a ghost town, etc, etc. (I'm completely aware of all of this and more as I have photo's of Elsa and accompanying ruins (building, mill, etc.) and both Husky and HuskySW and other portals from summer 2020).
Here's what I am saying, "Hills of Silver" or not, it's possible if Alexco stays the current course and silver prices drop along with reduced production this is a prime setup for what happened in 87 and that's not nostaglic or dreams of life in Elsa just a fact that happened.
Comment by
mattbigham on Jul 20, 2021 9:46am
Alexco's AISC is what? $11.87 per oz. Silver is $25 an ounce. July presentation states AXU's mill will be fully operational in Q4 @ 400 tpd / 4 million oz per year run rate. AXU are among the lowest-cost AISC producers while being at the very top in terms of grade (1077 g/t Ag :2022 Technical Report). $40 million USD's in cash Facts over fiction.
Comment by
themason on Jul 20, 2021 9:55am
This is a broadbased selloff in the precious metal markets, not that AXU was singled out but i do believe it is almost over, dollar is a dead man walking!