Post by
mattbigham on Jun 13, 2022 3:21pm
PDAC today
AXU have over $100 million into Keno in these last three years with full mining operations now expected and over 100 million oz of high-grade silver discovered with another large DP now under way.
Construction at Keno began in Q2/Q3 2019 so it has been three years and $107 m in cash raised during this period:
2022
Alexco Closes $13.1 Million Non-Brokered Private Placement
Alexco Closes $9.2 Million Flow-Through Equity Financing
2021
Alexco Closes C$28.75 Million Bought Deal Equity Financing
Alexco Closes $11.7 Million Flow-Through Equity Financing
2020
Alexco Closes $30 Million Common Share Equity Financing
Alexco Closes $8.6 Million Common Share Public Offering
2019
Alexco Announces Closing of US$6.5 Million Bought Deal Equity Financing
Since Covid restrictions are no longer punishing the company and it is summer in the Yukon I expect the company's management to meet production expectations and be cash flow positive.
Otherwise,I see First Majestic is three booths over again at PDAC and Clynt might want to get some tips from a successful mine builder and producer.
Comment by
mattbigham on Jun 22, 2022 9:52am
The mill will be relying upon Bermingham ore for the majority of its feed going forward. Bermingham was not even drilled out until Q4 2021. MMG across the district has zero 43-101 ounces at Keno,no mill,no infrastructure and is a forty cent stock.