PERSPECTIVES: Not just a drill play
Given the current enthusiasm for Ecuadorian gold, what we have in SKE is a stock that is currently priced at a reasonable level, JUST AS A DRILL PLAY.
But pricing SKE as a drill play doesn't do it justice, since RIGHT NOW miners using a freshly-dug adit are pulling high grade gold out of the middle of the SKE holdings. (Read technical report of March 06 and terms of acquisition between Skeena and Agro-Industrial of Ecuador.)
By the end of 2008, Agro-Industrial will have turned over its remaining ownership to SKE, and SKE shareholders will be the ones pulling ore from the same tunnel system, which will become bigger and much more extensive. As Bim88 recapped on this board, previous drilling already shows us there is gold down there.
One quote that caught my eye from the interview with Aurelian founder Keith Barron from December 2005, prior to the hoopla over Aurelian's Ecuador discovery: He recited a saying in the business: "'You drill for structure, you drive for grade." (thanks to Stateside for posting the Dec. 05 interview Barron gave Jim Pulpava of FinancialSense.com)
https://www.financialsense.com/Experts/2006/Barron.html
I think Aurelian is STILL a good buy at U.S. $27. But bear in mind that Aurelian has yet to do any "driving."
On our site, it is already happening. Skeena is a gold mine priced like a drill play!!!!!!
Michael