Too cheapAt $4.55 per share and approx 100 million outstanding, Skeena has a market cap of US$336.7 million at an exchange rate of .74. With 5 million oz that's US$67.34 per oz in the ground.
Just going over the sweetened bid for Osino at C$368 million or US$272.3 million and with 2.2 million oz proven and probable, that's US$123.70 per oz.
Osino might be further along the permitting path, but still, there's no way those ounces should be valued at double Skeena's. I have been a frequent critic of this company's equity-raising skills, but this is bargain basement territory. I'm in for more, despite the knowledge that Walter is going to flaggelate or some other f word us one more time.
Glutton for punishment, gimme more.