RE:RE:RE:Psychology 101 SKE's FS is impressive with a NPV(5%) of $2.3B @ $2,000 Au & $23.00 Ag vs. current market cap of $491M and a project capex of $713M. They delivered on their FS release in November. Also significant is SKE cutting a deal with a major streaming / royalty company (Franco-Nevada), inspiring confidence that the mine will get built and pour gold/silver (FNV isn't in the habit of acquiring precious metal streams or royalties they don't have confidence in re. getting paid upon production). SKE also has the luxury of only having a mere 90M shares outstanding. The only shortcomings I see is the rather short LOM at 12 years (average annual production of 320K AuEq) and the unimpresssive % of insider ownership and insider buying (though TLG has the same issue re. insiders).
MH's point is well-taken. SKE is moving the ball downfield at a reasonably decent rate so far, unlike TLG which, at this point, seems to be unsure as to when they will deliver their FS after taking about said release since October while being AWOL at a major event like PDAC, perhaps because they have nothing new to reveal at this point, even in terms of a time window for the release of the FS. However, I prefer longer-life mines (though I think there is money to be made investing in SKE), so I'll wait to see how TLG plays out over the remainder of the year.