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Buying Alexco (AXU) Before a Run Up in Silver Price

Alexco is a silver near producer in the Yukon expecting to generate four million ounces of silver per year starting mid 2020 if the production go ahead is given by the end of the year. Alexco calculates that it has 100 million ounces of silver on its property and that number continues to grow consistently with successful exploration.

I am buying in because the stock price is highly levered to the price of silver. Its share price has retreated recently paralleling the pullback in silver so I am buying in before a run up in silver price. This company has a lot going for it. It operates in a great jurisdiction with abundant infrastructure and it owns an environmental subsidiary that makes steady money while providing on the ground insight relating to other potential opportunities. Alexco’s President, Brad Thrall, gives a solid overview in his 10 minute presentation at the recent Metals Investor Forum.

Bought tranche at $1.62 (USD).

Here is a list of my Speculations.

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