RE:RE:RE:RE:RE:RE:RE:Albino Waste DumpRidgeback,
Thanks for the link. Just read The Seeking Alpha article by Taylor Dart. Here are some comments:
(a) Taylor low-balled the SP for SKE, saying 2.20 US (or 2.66 Cad) as a low-risk buy opportunity. This is too low a price compared to the PP price of 3.10 Cad where our German rich friend scooped up the big load. Current price is 3.74 Cad.
(b) In his Summary Taylor used a low value of 4.50gpt equivalent. The correct value should be 6.30gpt s reported by the comapany (see 3rd page of his piece).
(c) He is correct to say that SKE is top take-over target, but as indicated in (a) Talylor low-balled the value of SKE. He did assign a fair value of 3.11 US (3.76 Cad, which is lower thn the current SP of 3.74, following pull-back from 3.90 Cad). He may have to jump in when SKE starts to take off from here.
(d) His estimate of 400,000oz for the AWF looks reasonable and within the range of estimates (say in ceo.ca/ske).
(e) He should used numbers given by Walter Coles (very recent audio KE Report) that cost of digging up SNIP is about $180/tonne compared to $3/tonne for AWF, which is siiting bout 3km (not 5km) from the main deposit.
In summary, this is not a well-balanced article on SKE. He could have painted a more rosy picture (based on the facts, the data from the AWF), but instead, some low values to support the hope that the SP could drift lower for an opportunity for share accumlation. 400,000 ozAuEq sitting some 3km away from the mill with over US1000+/oz extra profit (US$400M profit ~ CapEx of the entire Eskay Project) is nothing to sneeze at.
Just my opinion. Feel free to make your own assessment.
GH11
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Ridgeback wrote: https://seekingalpha.com/article/4432265-skeena-resources-bull-story-reaffirmed-by-new-high-grade-gold-intercepts
Or just type in Seeking Alpha Skeena the article should come up.