- The market valuation of the company has almost halved since the middle of March as gold prices have declined by over $200 per ounce since then.
- I think that Eskay Creek is among the most compelling gold projects in the world today with AISC of below $550 per ounce of gold equivalent.
- At 0.5x NAV at $1,700 per ounce of gold, Skeena’s shares should be worth about $9.50.
- I think this recent selloff in the gold mining sector creates a window of opportunity to open a position at Skeena.
For further details see:
Skeena Resources Looks Cheap Following The Recent Selloff