I-80 Gold Corp T.IAU

Metalhead

[rdy2rumble]

See news over at your SKE regarding a financing.. I'll be starting my position in SKEENA tomorrow morning given what I read today plus what you've indicated.. ok I'll be watching gold after market,, maybe Skeena gets even cheaper but given the bought deal in the mid 7"s and he current SP looks ripe

[AlwaysLong683]

Bought Deal Financings are often based on the 30-day weighted average share price discounted to a number the underwriters feel they can sell the shares at. SKE's bought deal financing announced after market close today was at 7.35 per share. SKE has been trading in the mid 8.00 to mid 9.00 range over the past month, so  they had to offer a pretty significant discount to get the

[metalhead666]

Why don't you ask him?  You do realize he has over 700,000 shares don't you?  The land claims are afterthoughts...Eskay, Snip and soon the Albino 300k ounces are what counts. If they explore and hit something big, a copper porphory or another Eskay then all the better. What matters is eventual cash flow, AISC and ease of production.  

[AlwaysLong683]

Another SKE Insider's recent transactions according to CEO.CA: Paul Geddes (Senior Vice-President, Exploration & Resource Development): May 11 to end of week: sold all 365,093 of his SKE shares.

[metalhead666]

You'll get a great price as dummies panic sell and whine about "dilution"....kills me everytime.  As if mines build themselves with love and pixie dust. Skeena is back to 25% of NPV so it's cheap.  Resource update within 3 weeks will make it even better.  Don't be afraid of trading this from time to time but I'll be adding a few tomorrow for the long haul.

[lumpy13]

1.  As I noted on the SKE site, the fact that Walter sold $350k of shares in early May at a price 1/3 higher than the PP looks bad.   2.  Yes, there were no warrants in the PP but the discount as unusually large. SKE is down 28% in 2 weeks! 3.  But, I agree that there is usually a negative over reaction to PPs and I think this was the case with SKE as the PP only increased

[metalhead666]

Of course it "looks" bad but he holds over 700k shares!  It's frankly amazing that they raised $64 million possibly more with the over allotment ....no small feat and that's a lot of funding.  Didn't help that all the miners are now under pressure but SKE is a 3 year proposition not a get rich quick scheme. I've told the company of the blowback they're

[TomWicken]

do you have an idea how to read insider filings? no option exercises recently so no this wasnt tax related unless new filings show up suddenly + its easy to own 700k shares when most of shares acquired because of cheap options 1 million options exercised at $2.02 - $3.09 in 2021 and net seller since then with 720k shares sold in past 2 years or total of 440k shares sold on net basis compare

[metalhead666]

I get it. I'm talking with Skeena today and am going to bring all this up to see what they have to say for themselves.  While insider buys and sells can be telling they often aren't.  I'll get back to you after my call. 

[metalhead666]

From my conversation just now The complaints about a short term haircut are misplaced. 1. Skeena had to raise more money to advance the project.  They raised $65 million in a likely over subscribed offering. The "discount" given is not that unusual. The $65 million is being treated as capex so it will count towards the final financing making that less. 2. The funds are being used

[NineLives]

And the good news is you took a 30% plus haircut on your investment because you failed to research SKE correctly. Bravo Metalhead !!

[metalhead666]

No I haven't.   1. I've hedged the drop in miners with JDST 2. I've traded SKE 5 times this year and those gains are all in the bank 3. I scale in and did not buy at the top And it has nothing to do with "research" as ALL the gold miners have been clubbed like baby seals I80 was $4.11 CD at the high so it's off 25%...are you down 25%?   Check

[Angelique01]

And here we have NPD Tinhead the self appointed spokesman for Skeena shareholders with his 500 shares. LMFAO!!!  Unbelievable.  What a clown show. Looks like he purchased another 100 shares today.  What conviction.  1. Skeena management specifically Paul Geddes owns 0 common shares. Nada. Nil. Nothing.   Walter Cole in 2023 sold off 85,100 shares with no buying of

[goldstd69]

It is rare you get the real story on the bullboards...more bull and less boards.

[metalhead666]

Doesn't make sense to you but .... $18 million is allocated to drilling this year.  10,000 meters at least ....more if results lead to something big....on site assay lab to guide them The rest of the "oversubscribed" money is CAPEX and will be counted towards the cost of the entire build which means the big financing will be less It will be used for early works....mill pads

[Angelique01]

Flip Flop.  Flip Flop.  That is not what you posted.  You said the full $65M is being treated as capex not $65M less the $18M.  Posting one thing and then saying somehting different two seconds later.  A real clown show.

[metalhead666]

The point...not the one on your head....was to address all the whining and crying at fund raising which last I checked is required to build a mine.  They have cash too. I wasn't implying that all of it was going to be considered CAPEX but that a significant part is which comes off the total mine build cost.  Another reason for the financing when it happened and for the amount it was

[goldstd69]

am expecting more drill results sooner than later...should continue to boost the IAU story...

[Angelique01]

Capex for Skeena is $451M Capex for IAU Ruby Hill is $150M Enuf said.

[goldstd69]

I expect mining stocks including IAUX to correct oversold conditions..jmho dyodd

[metalhead666]

Skeena will produce 400k ounces at one of the lowest AISC in the industry....Ruby Hill not so much...you get what you pay for

[TomWicken]

skeena is not 400k ozs its 300ks... google -payability- plus big hits to revenue due to deleterious elements and concentrate transportation Gross Revenue $5,981 Penalties C$mm ($50)  Transport C$mm ($317)

[metalhead666]

Eskay Creek 2022 FS Highlights: After-tax net present value (“NPV”) (5%) of C$1.41 billion at a base case of US$1,700 gold and US$19 silver  Robust economics with an after-tax internal rate of return (“IRR”) of 50.2% and an industry leading after-tax payback on pre-production capital expenditures of 1 year High-grade open-pit averaging 3.87 g/t gold equivalent (“AuEq”) (2.99 g/t

[metalhead666]

My bad...431,000!!  Not counting Snip and the additional high grade that will be in the updated resource due out in 2 weeks At sub $700 ALL IN SUSTAINING COST

[TomWicken]

if this was all so obvious why recommend SKE 4 weeks ago at $9/sh... Post by metalhead666on Apr 19, 2023 7:51am 205 Views  Post# 35402375 Price target raised...more than 100% gain... Skeena and Artemis are IMHO the only 2 gold/silver projects worth owning  

[metalhead666]

Well my timing crystal ball battery was low.  What a stoopid question.  I never suggest anyone do anything or go all in all at once and don't care about short term moves based on poor analysis by retail know nothings. SKE will be a a triple at least but the time to sell it is out there a couple of years...the time to accumulate is now.