MORE ASSETS
With the build-up and now the FS, certainly the focus has been, and continues to be, on the Eskay Creek site and to a lesser degree the Snip – and rightly so. I am sure we all want, and expect, this will continue up to either a ‘sale’ or ‘build’.
However, I believe it is also important that we not forget the KSP, Kingpin and Toodoggone properties, all acquired when we bought QEX. These are large properties (~74,000 hectares), with multiple bona fide targets.
Just before QEX’s purchase by SKE, QEX was having a 43-101 Mineral Resource estimate developed on KSP’s Inel target – to my knowledge the results were never published publically, although at that time SKE had a member on QEX’s board – what we do know is that SKE then bought QEX.
KSP’s large property has multiple other interesting targets in addition to Inel. Kingpin is another large property with many well situated targets – although to my mind, the future focus requires utilization of more modern exploration methods, including aerial survey assessments.
SKE management said they were planning to sell the Toodoggone when they initially bought QEX – the latest I’ve heard is that, after looking at it more closely, they now plan on keeping it and doing more exploring/assessing – something made them decide it is worth keeping.
I understand the high priority is, and should be, the Eskay Creek site….. but I also understand these other lands have great potential and will eventually become front and centre – I don’t know if that means being part of a large SKE after it has built a mine and has revenue to explore/develop them, or perhaps part of a ‘spin-off’ if SKE sells Eskay Creek……
In sum, this means that today’s SKE has significantly more potential resources and value than is being commonly recognized today. If SKE sells Eskay Creek these properties might be part of that sale – but frankly I doubt that – the more exposure I get to WC, the more I have developed quite a respect for his business acumen – therefore I would more probably expect him to separate them, with the view to exploring and increasing their value separately.
Just my Sunday musings! IMHO DYODD