Price Targets for SKPUnfortunately the junior mining sector appears to still be in a holding pattern despite gold flirting with $1900 USD; associated stock prices are still stagnant.
Based on latest press release (June 7) with StrikePoint finally selling that useless piece of land known as the Angelina Property to an outfit that also runs the old San Gold mine in Bissett, no drilling news in the foreseeable future since the February 3rd drill results. The current sentiment in the overall junior mining market since the run up in early January and slow to no activity, I am staying with my most recent prediction parameters as I think we need to see higher gold and silver prices to hit my SKP targets. Assuming the price of gold reaches and stays above $2000 USD and the price of silver reaches and stays above $30 USD later in 2021, here are my price targets for SKP:
- September 2021: $0.30 CAD
- December 2021: $0.40 CAD
- March 2022: $0.50 CAD
- June 2022: $0.60 CAD
This is based on 195 million shares outstanding. Calculations would change with further share dilution which appear to be inevitable and what has led to the market cap to increase while share price has remained in the 20 cent range.
GLTA
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