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.

TSX:SKE - Post by User

Skeena Resources Ltd > Market cap drops to $300 million after hours..LOL!

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Comment by metalhead666on Sep 17, 2022 6:48pm

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Post# 34969325

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Market cap drops to $300 million after hours..LOL!

Making $5 million and possibly doing another NSR deal with Franco for potenially higher prices is fine. But doing the bought deal at C$6 is 8% less than the close and 16% lower than the close on Thursday. The retail shareholder gets screwed in this deal unless Franco or some other bidder pays up for their 1.2% of the new NSR. Given that the project is so much more derisked and valuable I would hope the new 1/2% NSR goes for a hefty sum....or I won't be very happy with this haircut so some special people get shares on sale.

Please correct me if I'm wrong on anything.

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