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Skeena Resources Ltd T.SKE

Alternate Symbol(s):  SKE

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

Comment by metalhead666on May 26, 2023 4:16pm
185 Views
Post# 35466469

RE:What I heard

RE:What I heardWell you would be wrong. The resource update is out the 1st week of June. It is not intentionally delayed. June 5-9th.  You can't infer anything from this interview.

They did a good job raising all that money. You don't get to pick a high point and then make it happen. They made a calculated decision to pull the trigger when they did because they need funds, it was a good time and the risk was that the market or stock dropped and they'd be forced to raise funds at lower prices and more dilution!  They don't have your crystal ball ...duh If they did it today it would be for at least $1 less so in perfect hindsight it was an excellent fund raise...most of which is treated as CAPEX so it comes off the final price tag....

The final package will be a glorious day!  That means it's going to be one of the most profitable mines on the planet. To be fearful of dilution is ridiculous!  All that matters is that the mine gets built, what the NPV is then, what discount to NPV its trading at and what price a 1x NPV would equate to. I figure $20 US upon declaring commercial production. All this whining about dilution is absurd. Is this the first mining stock you ever owned? It's how it gets done
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