Skeena Resources Limited (SKE.TO)

Admirable job on market capitalization this year. Over time, but not this year, sees it going higher. Unusually good relations with host First Nations. No longer cheap, but you need to pay up for high-quality deposits.

He's leery of giving investment advice without knowing the investor better. Given that this investor already has half, may be able to afford to be picky about the next entry point. Will benefit from eventual higher gold prices, could be a takeout. He's long this name.

It is re-starting its Eskay Creek Gold-Silver Project. The cost of production and gold reserves are phenomenal so there is a quick payback on money spent and it can continue to expand. There is immediate and long term upside. Its price will move up and down with the price of the commodity.

Strong technicals and chart. Gold is rallying--a rising tide floats all boats. In recent weeks, though, SKE is consolidating and more institutional selling. Likes gold longer-term. Also, gold has poor seasonality from August to October.

People are concerned about the deleterious elements in the ore. Thinks the grade is so high that people will be willing to accept the smelter penalty. When people realize they can still make money, either share price goes up or it gets taken out.

Superb relationship with host First Nations -- both royalty holders and shareholders. This says something about the management team.

Highest open-pit mine grade in the world. Great asset. Knock against the stock has been the refractory nature of the ore and potential penalties. Even with penalties, this will be stupidly profitable. 

Goodwill with its indigenous partners is a lesson for the whole mining community.