Skeena Resources Ltd T.SKE

Skeena resuming its dive

[BSdetector2016]

My guess is that it will re-test its early November lows before tax-loss dumping is done. It will dive even lower if the dilutive financing is announced before the end of the tax loss window.

[rdy2rumble]

Nothing I'd like to see more than what you wrote.. Have dry tax loss powder waiting for one last opportunity. Right now my average is almost bang on $5

[metalhead666]

The financing won't be until the new year.  It will be minimally dilutive which means nothing anyway if you want an actual mine built!!  Geezus H Krist.....you terrified know nothings fretting over some dilution...have you ever invested in this space in your life before now?  SKE has the single best project on planet Earth per the up to date feasibiltiy study just released

[AlwaysLong683]

Yes, of course every mine needs some combination of equity / debt / stream financing to get built. The question is: Can this management team get this thing fully financed on favorable terms and complete all required permitting in a timely manner? That's how you get to Stage 4 of the Lassonde Curve (for those who like to use it to make buy and sell decisions). Look at what ARTG accomplished

[metalhead666]

Good and fair questions.  My answer would be....They took this project from concept to the best feasibility study I've ever read. If they could do that I'll bet on them crossing the finish line. They have the Taltain Nation onboard which is huge, it's a brownfield site which is huge, it will get all the permits. As to financing....I'll take Walter at his word....15% dilution

[AlwaysLong683]

Agree a Brownfield project has its advantages as it's been mined before:   - Existing infrastructure which usually saves the company a lot of money and thus makes its DFS look much better.   - Typically easier to get permitted   - First Nation community onboard, again likely due to it being a Brownfield project with no issues re. mining the land itself.   So

[metalhead666]

I agree that ARTG is a solid buyout candidate but it's not as cheap as SKE or TLG anymore.  You have to consider other factors like exploration potential and the value of the entire land package. SKE has a lot of land now in high grade country whereas ARTG is very low grade. Every mine has its pros and cons and no 2 are exactly alike.  A better apples to apples comparison would be

[AlwaysLong683]

TLG = another Brownfield project with a copper-heavy MRE awaiting a FS. Again, nothing wrong with it, but higher risk IMO.

[AlwaysLong683]

TLG: 276M shares outstanding, 299M fully diluted. Pretty high share count given where the company is currently at re. mine development. Insiders only own 8%.

[metalhead666]

Not really...they drilled non stop for 3 years to prove up 12 million ounces...you do get something for what you pay for. 

[AlwaysLong683]

According to page 10 of TLG's Powerpoint Presentation, their 2023 MRE only appears to have produced "measured and indicated" ounces, not "proven and probable" numbers.   From the CIM Definition Standards for Mineral Resources & Mineral Reserves Guide:   A Probable Mineral Reserve is the economically mineable part of an indicated, and in some 

[AlwaysLong683]

Correction:   TLG's 2023 MRE appears to have included "Indicated and Inferred" ounces only, not "Measured" ounces.   Again from the CIM Guide:   An Inferred Mineral Resource is that part of a Mineral Resource for which quantity and grade or quality are estimated on the basis of limited geological evidence and sampling. Geological evidence is&

[metalhead666]

Interesing that you should ask....I emailed them asking this exact question Friday....I'll let you know what they say

[metalhead666]

Because it's an existing mine site with a ton of historic data they don't need to infill further to bring the ounces into Proven and Probable......never hurts to talk to the company when you have questions