Skeena Resources Ltd T.SKE

Half price sale.

[templetooth2]

With 120 million fully-diluted shares, Skeena trades at a market cap of Cdn$1.16 B or US$845 million.

Traditionally, a purchaser might wait for the very final provincial approvals, expected mid-2025 or thereabouts. The fly-in-the-ointment here is the lawsuit from the Alaska natives. When that is settled, I would expect Newcrest to make a move. 

Or maybe a dark horse like Seabridge. I have never understood the valuation there, but they could use SKE's cashflows to fund their fantasies. Just a question of whether the market would prefer Newcrest's cash or Seabridge paper. 

I think this Osisko deal breaks the logjam. There's been some smaller  scale activity such as in Guyana, and Osino in Namibia, or even Valentine falling to Calibre, but this is different. Bigger and much better. These companies tend to all think alike and now that Osisko is gone, it can't be much longer before SKE draws a bid. Or two. My guess: before Christmas.

[AlwaysLong683]

Hard to say if SKE gets taken out. Their project is modest in size. Maybe a smaller producer would be interested....? Agree re. Alaskan tribes issue. Troubling that Coles doesn't appear to have said a word about it. If it goes to court and the Alaskan tribes win, it could get very expensive for SKE to ensure that the waterway is untouched, not to mention the timeline to production gets

[Patriot]

It will be before that .As soon as the communist NDP get taken down in a couple of months ,pern mits in BC will be escalated.