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Alexco Resource Corporation Message Board

  • jeremyshapiro jeremyshapiro Jun 10, 2013 10:08 AM Flag

    Seeking Alpha Report Very Misleading

    The recent Seeking Alpha analysis of AXU's true production costs for an ounce of silver was careful and insightful in many ways, but they omitted a huge factor: Last quarter, mining operations focused on low-grade areas that needed to be mined thru in order to proceed, in an efficient way, to the high-grade areas that will make good money for the company. They stated this clearly in their report. Therefore, last quarter's cash costs for producing an ounce of silver were much higher than what can be expected in the future, and the Seeking Alpha report was invalidly negative about the company's profitability.

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