Skeena Resources Ltd T.SKE

Definitive Feasibility Study for Eskay Creek

[BSdetector2016]

Expected Q4 2023. Also expected is ballooning capital cost. How much dilution will shareholders have to absorb now that the share price has cratered?

[metalhead666]

The updated FS will be out the week of Nov 6th plus or minus a day or two. It will be a very good read. I'll never understand the terror people have over "dilution"...SKE is very fairly valued here so the equity component will be inline with other mines. As far as projects go it's a lot cheaper than most as a lot of work has been done already. The Capex isn't going to be that

[lumpy13]

Hope you're right.  Spoke recently to an old friend, who is a mining specialist.  His concern with SKE is the metalurgy and he thinks extracting the gold could be difficult. Let's hope he's wrong.

[metalhead666]

86% recovery per the feasibility study.  You can read about the metalurgy here https://skeenaresources.com/site/assets/files/6521/09_08_2022_skeena_completes_robust_feasibility_study_for_eskay_creek_final7.pdf