Skeena Resources Ltd T.SKE

MORE ASSETS

[NoMiner]

With the build-up and now the FS, certainly the focus has been, and continues to be, on the Eskay Creek site and to a lesser degree the Snip – and rightly so.  I am sure we all want, and expect, this will continue up to either a ‘sale’ or ‘build’.
 
However, I believe it is also important that we not forget the KSP, Kingpin and Toodoggone properties, all acquired when we bought QEX.  These are large properties (~74,000 hectares), with multiple bona fide targets. 
 
Just before QEX’s purchase by SKE, QEX was having a 43-101 Mineral Resource estimate developed on KSP’s Inel target – to my knowledge the results were never published publically, although at that time SKE had a member on QEX’s board – what we do know is that SKE then bought QEX.
 
KSP’s large property has multiple other interesting targets in addition to Inel.  Kingpin is another large property with many well situated targets – although to my mind, the future focus requires utilization of more modern exploration methods, including aerial survey assessments.
 
SKE management said they were planning to sell the Toodoggone when they initially bought QEX – the latest I’ve heard is that, after looking at it more closely, they now plan on keeping it and doing more exploring/assessing – something made them decide it is worth keeping.
 
I understand the high priority is, and should be, the Eskay Creek site…..  but I also understand these other lands have great potential and will eventually become front and centre – I don’t know if that means being part of a large SKE after it has built a mine and has revenue to explore/develop them, or perhaps part of a ‘spin-off’ if SKE sells Eskay Creek……
 
In sum, this means that today’s SKE has significantly more potential resources and value than is being commonly recognized today.  If SKE sells Eskay Creek these properties might be part of that sale – but frankly I doubt that – the more exposure I get to WC, the more I have developed quite a respect for his business acumen – therefore I would more probably expect him to separate them, with the view to exploring and increasing their value separately.
 
Just my Sunday musings!                                           IMHO                       DYODD     

[metalhead666]

All good points. Walter in the most recent interview was asked about a takeover....He made it clear that if one ever happens it would be for some pitiful 40% premium to todays price.  He's sharp and my money is on him to make SKE great! 

[eldreco]

Hi metalhead, You, of course, meant to say that Walter said that if a takeover it would NOT be for some pitiful 40% premium to today's price...right? Walter is a really good stick-handler - he has my admiration. el d

[metalhead666]

Yes sorry for that....He made it clear that he would never agree to some low ball offer

[eldreco]

No worries, metalhead. Even as much as I try to proof a post before hitting the button - as I have also left out the word or two that makes what I'm saying of importance.  So, having listened to that talk by Walter, I knew what you were really trying to say - but thought that others perhaps wouldn't, hence the correction. No slight intended (I've done it too!). Nice to see SKE