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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