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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 AlwaysLong683on Feb 23, 2024 5:03am
137 Views
Post# 35895003

RE:RE:RE:RE:Plunging again

RE:RE:RE:RE:Plunging againWill be interesting to see how the rest of the initial capex gets financed. If a sizeable equity raise has been ruled out by SKE, the choices include debt financing (issuiing more convertible debt and/or pure vanilla loans), streaming agreement(s), and/or a joint venture with a small mining company. That said, I think 180M shares outstanding is very reasonable for a company like this at this stage of the game, so I personally wouldn't have a problem going that route as I think the shares are fairly valued at this stage of the company's life.

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