from the Skeena board
posted by Ridgeback:
The Globe and Mail reports in its Thursday, Nov. 25, edition that Desjardins Securities analyst John Sclodnick has started coverage on Skeena Resources with a "buy" recommendation and $23.50 share target.
The Globe's David Leeder writes in the Eye On Equities column that analysts on average target the shares at $22.94. Mr. Sclodnick says Skeena could be "the next great Canadian takeout."
He calls its Eskay Creek gold-silver project in British Columbia "a world-class project with a substantial production profile and low costs in a desirable jurisdiction" that could draw the attention of larger peers.
Mr. Sclodnick says in a note: "In the upcoming [feasibility study] targeted for late 1Q22, we see potential for the company to extend the 10-year mine life at Eskay Creek while expanding production. ... It already has an annual production profile to move the needle for any company (352,000 ounce gold equivalent in the prefeasibility study), while lowering the cost base and jurisdictional risk profile of any acquirer.
There has been a recent acquisition run on high-quality assets in Canada, including a number in the Golden Triangle area of B.C., the most recent of which was Newcrest's offer for Pretium."
Comment: Hurry up, SSR, this opportunity isn't going to be on the table indefinitely.