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Skeena Resources Ltd T.SKE

Alternate Symbol(s):  SKE

Skeena Resources Limited is a Canadian mining exploration and development company. The Company is focused on revitalizing the Eskay Creek and Snip Projects, two past-producing mines located in Tahltan Territory in the Golden Triangle of northwest British Columbia, Canada. The Eskay Creek portal consists of eight mineral leases, two surface leases and various unpatented mining claims totaling 6,151 hectares. The Snip Property consists of one mining lease and eight mineral claims totaling approximately 4,546 hectares in the Liard Mining Division. The Snip Property’s indicated resources include 823,000 ounces hosted within 2.74 million tons at an average grade of 9.35 g/t Au.


TSX:SKE - Post by User

Comment by AlwaysLong683on Jun 09, 2023 10:49am
166 Views
Post# 35488430

RE:RE:Skeena

RE:RE:Skeena"Don't care if the VP Exploration buys shares or not."

One of the silliest statements I have read on BBs. So, the 
Senior Vice President, Exploration & Resource Development (i.e., t
he person who would know more than anyone inside or outside the company about what SKE has on their hands now and its future prospects) owns zero shares, and that's not an issue? That's like the Quality Control Manager at a Mazda plant not wanting to buy a Mazda vehicle.

My guess is, should SKE produce an updated Feasibility Study, it will not be as impressive as the last one given inflation and higher interest rates.

As mentioned by another poster on this BB, when you're this far out from fully financing a project, costs can go higher still if/when you proceed with actually obtaining debt financing, doing more equity raises, and/or new streaming agreements to gather the money you need to build a mining operation up to first pour, not to mention the possibility of further equity raises during the mine build process. Plus, I think SKE Board Chairman Walter Coles is being far too optimistic about the company's future.



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