Loading ...Exciting Year Ahead
A few comments made from CEO Walter Coles Jr. during his latest company interview on the kereport.com
“At PDAC, we met 20 or more majors and mid-tiers, signing CA’s from companies wanting to begin reviewing our data base.”
“Everything we own is for sale at the right price, and are currently have ongoing discussions.”
“Believes there be an opportunity to divest some of our assets in order to raise money for Eskay Creek.”
With declining production for those majors’s & mid-tiers, due to a lack of new discoveries from reduced exploration budgets, to the absents of low hanging fruit having already been picked, most all companies are looking to increase their resources/reserves/production with low cost, high margin assets. It appears that Skeena’s “Eskay Creek” is becoming a prime candidate for those companies looking for such projects.
With Eskay working its way towards 5M AuEq ounces, Snip working towards 1M to 2M Au ounces, and GJ already out with a positive PEA that shows payable metals of 1.6M Au ounces, 7.5M Ag ounces, and 1B Lbs Copper, Skeena is grossly undervalued standing at a current market cap of only C$35M.
Skeena’s market cap should increase when both the metallurgical tests & PEA for Eskay are released over the next few months, in today’s market how much is anyone’s guess, let’s say there’s a 60% increase overall, (30% with each release) resulting in a market cap of around C$56M, or C$0.56 per/share.
cont. https://stockhouse.com/companies/bullboard?symbol=v.ske&postid=29497823