Skeena Resources Ltd T.SKE

Calculating further dilution

[templetooth2]

Rough calculations only. 
Skeena had about $10 million uncommitted cash as of March 31. Co. will have netted almost $70 million from new issue at $7.35 thus giving a new balance of about $80 mm. Knock off $14 million for Q2 expenses and we should expect cash of $66 mm as of June30. Assume that amount will keep the company going  until sometime in the first Q of '24.

Some of the available cash is to be spent on early earthworks, so part of total capex. Assume that whatever the $ amount spent this year offsets inflation, making no dent in the expected $600 million capex budget.

Assume the financing package requires 1/3 equity. Therefore $200 million (Cdn). After commissions, assume the company nets $5.85 per share from an issue price of $6.25. So 34.2 million new shares.
Call it 35 or more likely 40 million new shares to fund capex and pay Walter for next 2 years.

Current shares outstanding amount to 95 million fully diluted. So expect total outstanding at production of 135 million.

[metalhead666]

That would be fantastic!  1st full year of production @ 400,000 ounces x a minimum $1000 margin is at least $400 million bucks.  PROFIT. Discount this all you like but it sure looks like a $15 to $20 stock to me in US dollars.  Hold on to your hats if gold finally gets going and tag $2500 or $3000 in the next 2-3 years. Could well be a $30 to $50 stock...and if they hit the original

[rdy2rumble]

For me there is NO doubt Skeena only moves higher as we move forward.. Could it get a little cheaper yet, possibly but it may also move higher depending on the timing of news. I have bought more Skeena in the last week and will continue to buy.. I think Metalhead has the FACTS pretty well laid out right now for Skeena... Being a local in the area any of the legal issues are red herrings only

[AlwaysLong683]

In my world, Stage 4 of the Lassonde Curve starts when all permitting and approvals (including environmental assessment approvals by both the Feds and the province of B.C.) have been received, full financing of the project via debt / equity raises / streaming agreements / other is completed, and construction of the mine build actually starts. Exactly when do SKE bulls think this will be? Also