Post by
metalhead666 on Oct 07, 2023 7:49am
SKE will eventually have a 2 Billion NPV.....
Not counting getting the ounces in Albino or any discoveries between now and first pour. Right now it's trading at 25% of NPV give or take. This is a very fair value given the timeline to first pour. The updated feasibility study out in a couple of weeks should improve on this. If you can take a 2-3 year time horizon SKE will trend towards 1x NPV or better. I think there's upside to this given that Snip will eventually play into the project as well as other possibilities through the drill bit. There's no reason you can't triple your money over time so accumulating down here looks like a good bet. If gold is $2500 $3000 a couple years from now then you can think 5x bagger.
I resumed my accumulation this week cautious that a major market crash is possible which would drag SKE down with it. So no worries, no rush, thinking 5x in 3 years. Any lower prices will be a gift IMHO