Skeena Resources Ltd T.SKE

Osisko implication

[templetooth2]

 If you think Skeena should be worth something in the same ballpark, $2.16 B divided by 120 million fully-diluted shares, you get exactly $18. Some might argue that one should add the approx. $340 million that Goldfields has already paid. I would point out that most of that money is still in Osisko.

[lumpy13]

Yes, a good sign, but acquisitions are so uncertain.  I took the opportunity this morning to sell 15% of my position.

[tomgranite]

Osisko only owns 50% of the Windfall Lake project. The buyout in effect, values it at $4.3bil, so a share price in the mid $30s is a more realistic comparisson.