Skeena Resources Ltd T.SKE

Alternate Symbol(s): SKE

Metals & Mining Gold

Skeena Resources Limited is a precious metals developer that is focused on advancing the Eskay Creek Gold-Silver Project, a past producing mine located in the Golden Triangle in British Columbia, Canada. Eskay Creek represents one of the highest-grade and lowest cost open-pit precious metals mines in the world, with substantial silver by-product production. It also owns the past-producing Snip gold mine (Snip). In addition to Eskay Creek and Snip, the Company also owns several exploration stage mineral properties in the Golden Triangle and Liard Mining Division of British Columbia. Its 100%-owned Eskay Creek Project is a high-grade volcanogenic massive sulphide (VMS) deposit. The Snip mine consists of one mining lease and eight mineral claims totaling approximately 4,546 hectares (ha) in the Liard Mining Division. It has staked a 74,633-ha Hoodoo Project, located approximately 65 kilometers northwest of Eskay Creek. It also has interests in KSP property.

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Skeena Resources Ltd > RBC Capital Markets

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Comment by StewartCatsoon Aug 15, 2021 2:07pm

326 Views

Post# 33707500

RE:RBC Capital Markets

With RBC adding coverage of SKE, the New York LIsting likely in September, and an exploration program happening this summer it would seem like this stock price has nowhere to go but up.

Buying in the low $14 range could yield a 12% (minimum) return in 2 months.

As previously stated this stock should trade between 0.6X to 0.8x NAV.

The FD O/S stand at 71M

The NPV @ $1700 based on the PFS is 1.635B CDN

Mathematically the price at 1X NPV or NAV is 1635/71 = $23.03 CDN

Realistically, the price will likely fluctuate between .6X and .8X NAV (i.e. $13.82 and $18.42)

Note the reported gold price used in the study is $1550 (which is in line with CIM 43-101 standards) and this yielded an NPV of $1.399B CDN.

NAV @ $1550 gold...1399/71 = $19.70 CDN.