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Skeena Resources Ltd T.SKE

Alternate Symbol(s):  SKE

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.


TSX:SKE - Post by User

Comment by goldhunter11on Sep 03, 2021 10:32am
226 Views
Post# 33808934

RE:An outstanding PFS

RE:An outstanding PFSPresumably, this formal filing of the PFS would provide a good launching pad for the NY listing which is expected to happen soon (rumour mill says: in a week or so). The NYSE listing would raise SKE profile...and  share price would also be expected to rise. NRR of 55% after tax is lucrative  (payback in about 1yr). Increase the size (including depth) of the OP is another option for the FS. May be they would not have a chance to complete the FS with an early take-over (the majors can do this by themselves).

They would be able to improve the PFS with higher PoG/PoS (the base case was for 1550 gold and they include 1700, but not 1800 in this PFS, but I may be wrong... but, Kelly Earle had a 1900 gold in some presentation), increased resource if Albino and SNIP are included (~ an additional 1Moz), and grade could be increased with higher-grade pockets from further drilling.

At a higher share price, SKE would have an option to arrange financing to start the mine-building process,. This could be part of a strategy to entice a bidding process for a take-over...whatever works for a right price.
GH11
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lumpy13 wrote: 55% after tax IRR, $1.4b NPV:

https://skeenaresources.com/site/assets/files/6312/eskay_creek_pfs_technical_report.pdf


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