I am adding to my favorite silver company, Alexco Resource, on this market downdraft. It recently divested its environmental consulting company which added cash and streamlined its operations to focus on mine development. The company continues to wait on its Water Use License, but that issue should be resolved later this year. This company is one of the very few companies singularly leveraged to silver. It is well managed and offers a great bargain in my estimation.

Bought tranche #2 at $1.24 (USD).

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