Skeena Resources Ltd T.SKE

6.80 Top?

[Buckwheat55]

5 times now since July SKE has hit $6.80ish and then sold off.
 So why would someone take part in a financing at $8.53??

[Ridgeback]

Buckey, patience. 2024 looks good for many miners who have been in the dumpster especally if Au breaks and holds above $2000 US. After-tax net present value ("NPV")(5%) of C$2 billion at a base case of US$1,800 gold and US$23 silver Industry-leading after-tax internal rate of return ("IRR") of 43% and an after-tax payback of 1.2 years on pre-production capital

[Buckwheat55]

Hey Ridgeback it's all good......just a tad puzzled with the inability to break that 6.80 level after the last few NRs.  Next wednesday being the last day of taxloss selling may see it start to break out shortly thereafter.  Haven't sold any of my 16k shares.    Best of the Festive Season to all SKE shareholders!

[Ridgeback]

There is no breakout yet as miners languish. When the tide does turn is a guessing game but it will turn so take advantage of longer term positions and wait. Au moving higher, miners will be stuck as financing remains an issue for most but longer term these beaten down near term producers wlll reward. Many down 70% or more so pick your companies with good results like SKE,others and wait. Merry