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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 Feb 13, 2023 7:33pm
468 Views
Post# 35284171

Somewhat relevant post from Sabina board

Somewhat relevant post from Sabina board

Next big deal

Rupert has about 4+ million ounces but just raised $50 million to give them about $70 million or more for more drilling, enviro studies, feasibility study, etc. I don't see them being in any hurry to do a deal, plus they already carry a very rich valuation for a company that's at least 3 years from production. (My estimate, and it could be more like 4).

Osisko also recently raised money for Windfall. These people operate on a totally different planetary system than what I know. I don't think they will be ready for a potential deal until they have every last ounce in the proven category. As they already have 160 kilometers of drill core completed, this could take a while. Pass.

Marathon has given new meaning to the idea of selling your shareholders down the river. They would probably embrace a takeunder deal just to be rid of clueless management, so mark it down as a possibility. Chance of making a reasonable return: low.  Zillions of shares out.

Skeena has 4+ million ounces, a $605 million project in northern BC and a need for $200 million equity. This would make an obvious takeover candidate. Probably too obvious. Also, management is probably eye-balling the prospect of a solid decade or more of executive salaries. 

Troilus has 8 million low grade ounces and the support of Quebec,Inc. Plus a lot of infrastructure at the doorstep. I think this could be the next logical takeover candidate but it could be that said Quebec, Inc has plans for this baby as a provincial (national) champion now that Iamgold is on last legs. Might complicate the story.

Artemis doesn't need the money. Control is locked up. No chance.

Am I missing anybody?
 

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