2023-2024 ABOUT TO START POURING GOLD!
Our SP of ~$7.00 gives us a MC of ~$535MM -- Our existing published NPV is ~$1.4B; it does not include the value of subsequent excellent discoveries (e.g. Secs. 21, 22 & 23)….
The FS is to be updated within the 1st half of this year (soon – during the next 4 months!) – will presumably include significant increase to the NPV based on the value of, and duration of, the revised/extended mine plan.
Let us not forget – there is basically no mention of the more recently acquired properties and their value potential (e.g. Eskay North, Questex KSP & others ….) – don’t think these are immaterial – for example: SKE had a seat on QEX’s board when it bought QEX while a 43-101 Initial Mineral Resource estimate was being developed on part of KSP – simply put, I do not believe SKE would have bought if the outcome was going to be disappointing. And then of course we can’t forget Snip!
Obviously SKE is far ahead of the group, both in resource quality and development stage – but I believe its current public persona significantly understates its true NPV!
I believe SKE’s persona will change in 2023-2024 and the resulting SP increase will start pouring gold into the pockets of the SHs! (if we continue to own the mine, it’s going to be a fun/profitable 10+ years – actually longer than that based on these other lands, but that’s another story….. ! – OR – if we sell it, gosh we’ll just have to be happy with a lot of cash!)
IMHO DYODD