PURE SPECULATIONThinking about the extremely low MC’s of GGI and MTS, and basically most other juniors in the GT (although perhaps not to the same extent), and also thinking about SKE’s continued movement toward sell or develop.
It just it occurred to me that SKE could spin off and sell their Eskay Creek, with Snip, etc – reaping a big reward!
They could then buy GGI, MTS, and probably ESK for a total of somewhere around $400-$500MM – then when you add those properties to SKE’s other existing quality exploration properties (e.g. KSP….) – this results in SKE becoming a very large exploration company, with extensive land holdings that are prime for proper exploration – couple this with the fact that SKE would still have an extremely large bank account after the purchase of these properties – AND – SKE would be able to more than fund the required exploration without any share dilution! Does this turn SKE into another SEA, or more?
Well who know, but it is a viable scenario – maybe that’s part of the reason that GGI and MTS don’t seem to be taking any action to deal with their MC issues – it is a nice daydream.
IMHO DYODD