Post by
Frozengoldwaiti on Jul 01, 2022 12:55am
More Unexplained Market Musings
Trying to be positive here.
I was checking out the neighbor to the south because they are in the news a lot.
Their market cap has also slid but is still around 60% of ske, with their best drill result in gXm that wouldn't even register on the Ske property. Skeena's waste/strip rock has more proven gold.
The huge "potential" of the property just south of SKE is worth close to the "resource and mine plan" of Eskay creek. ?? They are nowhere close to defining a mineable resource in the next few years and the cost to do so is getting larger.
Makes a person wonder. How does the market evaluate these undertakings.
It has been a tough week all around.
Happy Canada and Independance Days, Have a great weekend.
Still Waiting