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Skeena Resources Ltd T.SKE

Alternate Symbol(s):  SKE

Skeena Resources Limited is a Canadian mining exploration and development company. The Company is focused on revitalizing the Eskay Creek and Snip Projects, two past-producing mines located in Tahltan Territory in the Golden Triangle of northwest British Columbia, Canada. The Eskay Creek portal consists of eight mineral leases, two surface leases and various unpatented mining claims totaling 6,151 hectares. The Snip Property consists of one mining lease and eight mineral claims totaling approximately 4,546 hectares in the Liard Mining Division. The Snip Property’s indicated resources include 823,000 ounces hosted within 2.74 million tons at an average grade of 9.35 g/t Au.


TSX:SKE - Post by User

Post by templetooth2on Sep 17, 2022 3:14pm
230 Views
Post# 34969173

Royalty

Royalty
Obviously, my arithmetic or rather my reasoning was wrong in my earlier post. That's what happens when you let Robert Mondavi help you compose something.
So, admittedly, a royalty of half a percent right off the top is substantially more valuable than a straight economic interest. I've never delved into royalties or royalty companies so I can't say if this $17.5 million is reasonable or not. But as pointed out by Angelique, Franco does this for a living and they think it's worth more. Fine, okay.

What gets my goat is issuing stock at a meagre $6 to finance this. 5 million new shares on top of the 70 million previously, is 7.14% dilution. That, in my opinion, is TERRIBLE.

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