RE:RE:RE:RE:Skeena resuming its dive Agree a Brownfield project has its advantages as it's been mined before:
- Existing infrastructure which usually saves the company a lot of money and thus makes its DFS look much better.
- Typically easier to get permitted
- First Nation community onboard, again likely due to it being a Brownfield project with no issues re. mining the land itself.
So yes, it should be easier for SKE to get Eskay Creek under construction than the effort ARTG had to put in to get their Greenfield Blackwater project underway.
That said, I'd much rather invest in ARTG than SKE, even at a signficantly larger market cap:
Life of Mine: 22 years vs. 12 years
Proven and Probable Reserves:
Au: 8M vs. 3.3M
Ag: 62M vs. 88M
Measured and Indicated Resources:
Au: 11.7M vs. 4.1M
Ag: 122.4M vs. 101.4M
Also, I suspect ARTG is much more likely to get bought out at some point than SKE. Greenfield projects like Blackwater are, as shown above, typically bigger mines with longer lives and thus of more interest to larger companies than smaller, picked-over Brownfield operations, so my view is, if you like SKE, it may be more difficult to sell the company at a handsome premium as an end game.