Been riding this puppy since a $1.35
No stopping her.. Up hill growth chart.. Beautiful
Alexco Intersects 6.04 Meters of 31.5 Ounces Per Ton Silver at
Flame & Moth, Significantly Expands Mineralized Zone
September 7, 2011 - Alexco Resource Corp. (TSX:AXR, NYSE-AMEX:AXU) today announced interim results from its 2011 drilling program at the recently discovered Flame & Moth prospect, located immediately adjacent to Alexco’s milling complex within the Keno Hill Silver District in Canada’s Yukon Territory. Silver mineralization is currently identified approximately 500 meters along strike and 320 meters down dip with the mineralized structure remaining open in all directions.
Alexco President and Chief Executive Officer Clynt Nauman said, “Our continuing positive results from Flame & Moth once again demonstrate the extent and potential of this large silver district. The Flame & Moth deposit represents a new discovery very close to our existing infrastructure....
Alexco up about 5% today on this good news!
Alexco Resource Corp. owns and operates the Bellekeno silver mine, one of several mineral properties held by Alexco which encompass substantially all of the historical Keno Hill Silver District located in Canada'sYukon Territory. Bellekeno, which commenced commercial production at the beginning of calendar year 2011, is Canada's only operating primary silver mine. Alexco's primary near-term exploration objective is to unlock value in the silver-rich Keno Hill District, and is focused on growth by advancing its promising District properties to development decisions. The Company's goal is to produce 7 million to 10 million ounces of silver annually within the next decade.
AXU is one of the best in my view too, a core holding.
It just retested the august 8 low today at the 6.50 area. Lower support looks like 6.00-5.90 but below that is a small pit stop at 5. and below that is nothing but a drop to 4 dollars. Hard to imagine such a fall. But maybe a stink bid around 5.90 for right now and an eye on 5 dollars if the manipulation game continues thru 2011.
Sheeple, your stink bid of $5.90 was very close, AXU bottomed at $5.73 briefly on Tuesday, Oct 5, spent a hour or two below $6.00 and turned up. I added some at $6.55 on Sept 29, I should have waited and read your post!
Alexco Intersects Silver Mineralization to 26 Meters True Thickness at Bermingham Including Narrower Intervals to 47.6 Ounces Per Ton Over 1.88 Meters "...broad zones of significant silver mineralization (typically 3 to 10 ounces per ton (oz/ton) silver over 4 to 26 meters thick) have been traced with confidence along strike for more than 400 meters" Included in this release are intercepts, such as 10.36 meters (true width) of 363 grams per tonne (g/t) silver (10.6 oz/ton) that includes 1.88 meter (true width) at 1,634 g/t silver (47.65 oz/ton), which generally occur within much broader zones of anomalous geochemistry. Based on current experience in the Keno Hill area, this style of mineralization may represent a high level expression of deeper mineralization. full story: https://www.silverstrategies.com/story.aspx?local=h&id=82434
Now even with good vision for targets I still screw up. I must have been asleep that day AXU bottomed. I missed it. Then.....I sold my shares at 6.50 to break even per my basic strategy...and then AXU kept going up without me. and now its gone.
and I have to wait for some great market correction to maybe get back in around 6 or 6.50 . sometimes it doesnt pay to try and be too cute with price action.
04/16/12 Alexco Resource Corp. (TSX: AXR.TO)(AMEX: AXU) today reports silver production of 581,808 ounces during the first quarter of 2012, a 30% increase compared to the same period in calendar 2011. Lead and zinc production increased 37% and 36% respectively compared to the first quarter of last year, as the Bellekeno mine in the Keno Hill Silver District, Yukon enters its second full year of commercial production.
Full article at: https://www.silverstrategies.com/story.aspx?local=h&id=82893
Highlights of First Quarter
-- Pre-tax income of $3.0 million and net income of $1.3 million ($0.02 basic and diluted earnings per share) for the three months ended March 31, 2012 on combined mining and environmental services revenue of $24.7 million.
-- Bellekeno mine revenue of $23.2 million and gross profit of $7.2 million, on sales of 5,000 tonnes of lead-silver and zinc concentrate.
-- Production of 581,808 ounces silver, over 4.9 million pounds lead and more than 1.5 million pounds zinc.
-- Realized metal prices during the quarter averaged US $32.81 per ounce silver, US$0.95 per pound lead and US $0.92 per pound zinc.
-- Cash costs of production(1) over the quarter of $11.01 per ounce of payable silver produced, net of by-product credits.
-- Cash flows from operating activities for the quarter of $7.2 million.
Alexco President and Chief Executive Officer Clynt Nauman said, "We are pleased with our production performance during the first quarter, with results reinforcing our guidance for estimated production in 2012 of 2.2 million to 2.5 million ounces of silver, approximately 19 million pounds of lead and more than 7.5 million pounds of zinc. Operationally, our silver production increased 30%, our lead production grew by 37% and our zinc production increased 36% in the first quarter compared to the same
period a year ago, while the mining rate climbed 30% and the milling rate increased 18% when comparing the two quarters.
I just picked some up recently. Boy I should have waited. Down 1/3 since my purchase. I waited since the last low. Damn. I guess I got some though.