Skeena Resources Ltd T.SKE

The SNIP, NI 43-101 Technical Report

[sailor8]

A short cut link to the report is on the Skeena web page:
[url=https://]https://skeenaresources.com/snip/technical-reports/[/url]

or even one step more directly as pdf on: 

https://skeenaresources.com/site/assets/files/6014/snip_ni43-101_report_2cs042_006_20200903.pdf

Two things popped into my eyes at a first quick look:

1)


Looks nice! Pls. watch: the cut off grade was chosen on the basis of  US$1,550 per ounce of gold.

If we can mine and sell about 90 % of the indicated and inferred resources, present SKE market Cap (thus present share price) would be justified by SNIP alone !!!

2)

..., it is reasonable to expect that part of the Inferred mineral resource may be
upgraded to Indicated category with continued drilling. ...

 (page 136)

[lumpy13]

You're belief that Snip alone justifies a C$562m SKE valuation based on 646k oz seems rather rich.  Please walk us through your logic.  

[goldhunter11]

lumpy13, You raised a valid point. It would be difficult to justify the market cap of C$562 M based on Snip RE alone, since it amount to pproximately some 15% of the flagship OP project  which has 4Moz in its resource estimate. SKE is trying in crease the RE to 5Moz at 5gpt. At 4-5Moz RE and a very high grade( 4-5gpt)  for OP  it would be possible to justity the market cap: 4.5 Moz

[sailor8]

Possible extentions of the SNIP ore body are still to be determined (see the report).   source: Hochschild Webpage Hochschild parnterschip will help SNIP developments & financing. Better grades than Brucejack (see the table and compare it with Brucejack grades) > lower all incl costs than Brucejack. The SKE open pit will deliver so much cash that Skeena`s part of Capex to develop