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.

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Comment by AlwaysLong683on Nov 02, 2023 1:39am

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Post# 35712768

RE:RE:Talk about

Like I was saying......

AlwaysLong683 wrote:
"I see ARTG is also getting clubed like a harbour seal.. Will be a tough one to decide "who gets the love" once the beatings stop..."

The difference is ARTG is still well above its 52W-Low, Insiders bought shares at 4.50 (current share price 5.10), etc. Meanwhile, SKE hit a new 52W-Low today, and deservedly so IMO as I have little faith in management and believe they are massively overhyping their project(s).

Personally, I wouldn't touch SKE. ARTG is worth looking at IMO, but at a share price of around 4.00. If it doesn't happen, no biggie. However, I suspect Gold Explorers / First Mine Builders may continue getting hammered into the New Year as long as interest rates stay high and inflation is significant. I also sense ARTG is going to be raising more money to fund their project (equity raise and/or more debt) as I doubt their very dated Feasibility Study (done when interest rates and inflation were much lower) is anywhere close to what the final bill will be.