RE:Good news...the Richard Mills case has been heard... Thanks for the interview link Metal.
Still not comfortable with this project:
1) Found Walter Coles to be too cocky / overconfident during this interview, tossing out numbers of eventual additional M&I / P&P Reserves / annual production / increased mine life etc. that may or may not end up being the case.
2) Does not appear SKE has even applied for (much less received) either the permitting (including environmental assessment approvals from both the FEDS and B.C.) or First Nations agreements to mine the land, nor secured the financing they'll need, unlike companies that have already reached such agreements and de-risked their projects to a significant extent. Will SKE pay more for the contracting and materials agreements than those who have already negotiated such deals? I suspect the answer is yes. In other words, breaking ground on a mine and mill operation still looks to be a long way off with a lot of money yet to be spent / raised / borrowed.
3) Even if things play out as Walter Coles suspects they will, this project appears it will still fall quite a bit short of ARTG's 8M P&P Au, 62M P&P Ag, and 22 year mine life.
Current market caps:
ARTG $889M
SKE $713M
Size and scale matter to me (and I think it also matters to potential suitors as well re. a possible takeout).
4) According to SEDI, Walter Coles:
Was selling a lot of SKE shares @ between $11.00 and $12.00 CAD in late April - early May 2022.
Purchased 82,645 shares @ $6.05 CAD on Sept 23, 2022
Appears to have done very little buying or selling of SKE shares over the past 6 to 7 months.
SKE shares closed Friday at $9.14 CAD.
Will he personally be buying more shares at approximately $9.00 CAD......?