Read their lips....Skeena was very careful in terms of spending additional money on exploration still some three month ago, they talked about 90 - 95 % infill drilling and only some 5 - 10 % exploration. Over the last 3 month they went to 20 % exploration and in the webcall from Paul Geddies they talk about 30 % now. And Walter talked about potential 400.000 ounces yearly production.
I don't think they would do that, if they do not believe in a very strong opportunity. It appears as well from the Paul Geddies Webcall, that the lower mudstone looks more and more exciting to them. Lastly, It indicates as well that they are less concerned about their ability to raise additional money in 2020 at the right terms.
Let's hope Skeena's share price will catch up in early 2020 to all their achievements in 2019.
Happy Holidays to all of you
I am a shareholder and certainly biased.