Alexco: Significant Appreciation for Near Term Silver Producer
I previously wrote about my top silver pick Alexco (AXU) on July 15, 2009, when the stock was at $1.80. Nine months later, AXU data is as follows:
- Price: $3.42
- Shares Fully Diluted: 57m
- Market Cap: 194m
- Debt: 0
- Cash: 35m (excluding SLW funding)
This stock is positioned for a major re-rating based on the following developments:
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