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as with any mining company , there is plenty of room for surprises both good and bad.
in the march 2012 pdac conference, alexco was already talking about its new silver discoveries within the yukon district that it owns. this is on top of the several old mines that are part of its future flow of ore.
this company is likely to continue producting silver for decades, and is likely to get acquired long before it runs out of good high grade ore.
TSL, thanks for sharing that info on alexco. great to have somebody with good instincts like you visiting the site, instead of having to rely just on what is on paper. i just bought a 1000 to start. but it does seem like a great time to accumulate it.
The market has gotten so whacky I have no idea what will happen over the short term with anything so if I can find companies that I feel are competent and focused and have good assets then I am relatively comfortable holding them and waiting for things to develop. No guarantees though, of course. <g>
The #5 company on the list, Aurcana (v.AUN), is showing hyper-growth in 2013-2014. S/B producing close to 10 million silver oz. within 12 months. This coupled with a likely spike in siver prices could very well drive AUN to from 3X to 5X of the current SP. Isn't rapid increase in SP the objective? Regards, DrBill
Hi DrBill, Thanks for your comments! I am not familiar with Aurcana so maybe the information in the Motley Fool article is dated but that says:
"...now that Shafter has achieved commercial production we will see whether this budding mid-tier producer can come through with theambitious initial production goal of 3.8 million silver ounces in its first full year of operation."
Do they intend to go from 3.8MM to 10MM ounces over the second/third year?