RE:RE:RE:RE:SKE SkeenaOn a price to NAV basis even with the big drop in MOZ....SKE is twice as good a value and this was before the incredible feasibility study just released. No reason to own any project other than SKE given how superior its financial metrics are to anyone else in the group. Skeena and Artemis both are half as expensive as MOZ and Sabina which are good projects. So why stay invested in a miner with inferior economics and more uncertainty? People marry their investments and psychologically have a difficult time taking a loss prefering to double down even when there are clearly better places to invest.
I like to ask myself....Self, which of the miners in your universe is most likely to double from here, rise the most and present the least risk? When I answer myself there's no hesitation....dump MOZ and put the funds into SKE and Artemis with an overweighting on SKE given its NYSE listing and public relations presence and potential to hit some big new deposits.
There's no point in ever owning anything other than the best of breed. MOZ is not best of breed and the share price doesn't care if they're in NewFoundland or New Zealand.