Alexco Resource Corporation (NYSEMKT:AXU)
CAPS Rating:
The Company is in the business of exploration and development of the Brewery Creek and McQuesten properties in Yukon.
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The Company is in the business of exploration and development of the Brewery Creek and McQuesten properties in Yukon.
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Fool UK
Recs
If you haven't learned by now, I'm definitely a "show me" guy. I really don't care about your promises for the future or what you've found by digging 4-5 holes in the ground. I care about results and what you've done for me lately. Metals are tipping record prices and Alexco is trading at over 25 times sales and is nothing more than an exploratory company at this phase of its existence. Instead of chasing a 500% move, why not wait until it backs off and begins to show some real revenues and promise.
As a side note, there was only 1 underperform recommendation at this writing, lets see how many there are in say 48 hours...
UltraLong
Because by the time is shows "real revenues" it is likely to be much more expensive. This is a high risk high potential return stock, probably not one to bet the farm on.
"proven reserves" is the expression your looking for here...not "digging 5 holes in the ground" I really don't care about your proven reserves? It's a mining company...what would you care about? short contracts of silver against proven reserves? I'm trying desperately to see your logic here oh great and powerful ultralong...please help me out?
RRobertsmith,
This was a pick from 16 months ago...Alexco is a long afterthought and it did turn out positive, so I really have no complaints.
TMFUltraLong