RE:thoughts for metalI talked with the company yesterday. Katie MacKenzie is no longer the IR person....hmmmm. I chatted with her briefly and she says that she's on good terms with her former coworkers. The CEO dumped some shares.....you never know about these outfits and what's really going on.
I was told that the financing package would be out "early summer" and that it's on track. That should be a huge catalyst. I was also told that the Alaska tribes concerns don't affect SKE but that the BC government is taking them under consideration.
I was told the Albino Lake case was heard but it could be a year before a final resolution.
I was told Snip is on hold until it can be combined with Albino and Eskay into a new complete feasibility study
I was told the permit to do early earthworks should be in hand shortly
There are things here that I don't like but the economics of the project are best in class and I do think that they will be pouring gold in 2026 and the stock should reflect the superior economics which right now have a payback of about 6 months....which is unheard of. $3 Billion NPV and and IRR over 50% are tough to match
So I bought a few shares again after trading in and out several times
Gold miners will never be what they used to be....Crypto and AI have stolen all the thunder even as the POG hits all time highs.
Still think superior projects like SKE and Rupert will make some money for the patient but I wouldn't touch anything else at current prices
New Gold looks good for a year or two....Alamos will do fine...but most are simply garbage. I80 blew themselves up as did TLG....it's just too expensive to build a mine now.
There will of course be an equity portion to the financing package but if Walter is to be believed it will be minimal.
I'll give this trade a couple of months and probably add a few more shares on further weakness but I have no love for the group at all anymore