Post by
templetooth2 on Jun 25, 2024 2:57pm
Skeena v Rupert
Both have deposits in the 5 million ounce range, but SKE has a far higher grade.
If we assume that the last US$25 million slice of the equity deal is done at the same C$6.65 as today's slice, by my calculation, the total shares issued today and to come amount to 20.5 million. Add that number to 102.85 fully diluted previously and you get a new f/d share count of 123.85 million. Call it 124.
At C$6.15 per share, the market cap is C$762.6 million.
Rupert has 208.45 million out. This could change by 20-odd million if they do the B2 deal. So currently, RUP has a mkt cap of C$802.7 million (at $3.85 per). Rupert has yet to produce a pre-feas study. In my estimation, Skeena is 2 years further down the development road, and now fully financed. No way should it have a lower market value.