Skeena Resources Ltd T.SKE

RBC Capital Markets

[blue0987]

Our view: We are initiating coverage of Skeena with a C$23.00 target and Outperform, Speculative Risk rating.  
https://cdn-ceo-ca.s3.amazonaws.com/1gh7ral-1654.pdf

[StewartCatso]

With RBC adding coverage of SKE, the New York LIsting likely in September, and an exploration program happening this summer it would seem like this stock price has nowhere to go but up. Buying in the low $14 range could yield a 12% (minimum) return in 2 months. As previously stated this stock should trade between 0.6X to 0.8x NAV.

[BSdetector2016]

The big pump just before they get involved with a dilutive financing.

[eldreco]

BS - maybe so...but one would rather do a financing based on a $14.50ish SP than one based on what most juniors are at in terms of their SP. Case in point - NFG just raised 50-57 million by issuing just 4.4mil shares at $11.39 (outstanding!) whilst, concurrently, another company (sorry I would have to go back through my notes to get the name) raised about 5 (and a bit) mil with issuing 5 mil

[jcw604]

I don't see any financing news. Which one were you referring to?

[eldreco]

I think BSD was throwing a "doubt" post in there...after a very good - and quite conservative anaylsis from RBC.  He was trying to plant a seed that SKE was needy for cash (wrong!) - a bush-league tactic at the best of times.  I think I addressed this in previous posts...but will say IF Walter sees a need for cash in a year or so time - he will set in motion something so he

[1cent1950]

SKE is well cashed up. If a buyer comes to the table with a good price they will sell. They are smart and have the ablity to make a mine.Would be all kinds of Money  out there who would welcome a chance to get in on a tyer 1 mine. 

[eldreco]

Thank you 1cent, Absolutely!  Those on this team have never run away from the possibility of a buy-out - but they know what they have, and are not intimidated at the thought of taking it through themselves. Kudos to them!  And yes, it will be an attractive Tier One mine, no question.  Bring it on! Congrats to Walter Coles and all for bringing it this far this quick...now for the

[eldreco]

Actually, BS, you may be talking through your hat with this idea...if my memory serves, they already cashed up.  I remember now...because I tried to get in on the last PP...and missed (the whole deal was gone in a flash...literally).  So, I do not think that they are hurting.  So, again...what's your point? el d