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Alexco Resource Corporation Message Board

  • hailurban hailurban Mar 29, 2012 12:27 AM Flag

    It takes a couple of years

    One poster claims it can't get worse! How about nationalization, fatal accidents, trapped miners, safety violations/shut downs, permit revocation, strikes, local protesters, debt, endless dilution, environmental disasters, earthquakes, floods, fires, water supply interruptions, extortion, war, etc...

    It takes a couple of years or more to get any mine running smoothly once in production. I saw a chart some time back showing that junior miners tend to lag and or drop in sp during their first two years or so of production. As far as I can tell, this company is doing well.

    No debt, lots of cash, and no plans for further share dilution. Loads of exploration in progress. Some of the highest grade silver ore in the world. Additional mines coming on line with more in the pipe line. Price of silver doing very well. Possibility of gold deposits. Identification of a rare earth resource. Safe and friendly jurisdiction. The only pure silver play in Canada. CEO is a huge stakeholder as well as Silver Finger himself, Eric Sprott. Very low risk over all compared to other juniors in the space.

    There are problems, and there will continue to be problems. Over this year there will be operational efficiency gains. Mining is a tough and dangerous business with large known and unknown risks. Also, let's not forget that there are people going into the mines every day and working their butts off. I would not doubt that many of the miners and mill operators are share holders themselves. This company has real value on all levels.

    Those who sit tight will be well rewarded. The complaints of short term bottom feeding speculators mean absolutely nothing.

    I challenge any of the bashers here to go up to the Yukon and talk the crap they talk here directly in the faces of the miners of Alexco Resources.

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