RE:Time for Eskay and Skeena to get togetherstockzorg,
This may just be what big guys (e.g. Eric Sprott) are thinking. He just traded his GGI for ESK holding not too long ago,nd with Quinton as his personal adviser, he would want to have a piece of SKE in exchange for his holding of ESK (he still have few wts available to increase his conversion, e may buy more of SKE since SKE has the proven RE and high grades...Eric likes high grades, noting that he has 20% of NFG which hs a Cap at nose-bleed level of $1.8B, and Quinto sits on both boards NFG and ESK). s you have mentioned the combined Cap of both SKE and ESK would bring up the Cap over $1B (catching up with SEA, which hs a high bulk tonnage and low grades which would reuire a huge CapEx to get going toward production. Personally, I like the high-grade situation better (SKE would get back the CapEx within 1 year, and a huge amount of free cash flow in subsequent years...hence, they would not have any prolem raising money).
Even if this "out-side the box" speculation does not pan out on Monday, it would happen soon. The writing is on the wall with Uncle Eric more than willing to go for a billion dollar target.
Just my speculation,... roll your own dice.
GH11
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stockzorg wrote: This is a bit outside the box in terms of speculation.
A Skeena and Eskay merger would put Eskay onto the NYSE with Skeena. The combined company would have more ability to raise funding for Eskay Creek, Snip, and extending the Skeena exploration down into SIB LULU. This would allow Eskay to concentrate on the remainder of their holdings to the south and maybe even move more aggressively on North Mitchell which is right in the middle of the major discoveries of Seabridge, Pretium and Tudor (that prooperty is why I initially bought into Eskay stock).
The combined company would have a market cap close to Seabridge (SA). It would own 19.5% of Garibaldi and 14% of QuestEx.
Eskay would be incorporated into the Tahltan investment arrangement with Skeena, solidifying the relationship with First Nations.
This would create a top tier regional exploration and mine development entity in an area that will be very active for the next few years.
Do your own DD. GLTA.