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This summary was created by AI, based on 2 opinions in the last 12 months.

Skeena Resources Limited (SKE-X) has garnered attention for its high-grade open-pit mine, touted as having the highest grade in the world. Experts express concern regarding the deleterious elements in the ore, which may lead to smelter penalties. However, the notable grade is expected to compensate for these penalties, potentially leading to substantial profitability. The company's exemplary relationship with First Nations stakeholders, both as royalty holders and shareholders, highlights the strength of its management team. This goodwill is seen as a model for the broader mining community, suggesting that ethical partnerships could lead to enhanced long-term success.

Consensus
Positive
Valuation
Undervalued
Similar
Tahoe, TAHO
HOLD

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.

BUY

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.

RISKY
Has done well. Keeps getting good hits on the drill. Quite a bit of upside. Take a look at it. $5 price target. If you own it, hold it. Exploring and growing reserves is where you get the exponential reward; whereas reserves on the ground are just leveraged to the price of gold.
WATCH
The strip ratio is a moderate-high 7.5:1. Metallurgy is an issue. Brent Cook: The issue here is that the higher-grade ore is very dirty which makes it an issue to process. Nearby hydroelectric facilities and better access will take their capital costs down a lot. An interesting play at an reasonable price now. They may need to raise more money.
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Skeena Resources Limited(SKE-X) Rating

Ranking : 3 out of 5

Star iconStar iconStar iconStar empty iconStar empty icon

Bullish - Buy Signals / Votes : 1

Neutral - Hold Signals / Votes : 1

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 2

Stockchase rating for Skeena Resources Limited is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Skeena Resources Limited(SKE-X) Frequently Asked Questions

What is Skeena Resources Limited stock symbol?

Skeena Resources Limited is a Canadian stock, trading under the symbol SKE-X on the TSX Venture Exchange (SKE-CV). It is usually referred to as TSXV:SKE or SKE-X

Is Skeena Resources Limited a buy or a sell?

In the last year, 2 stock analysts published opinions about SKE-X. 1 analyst recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Skeena Resources Limited.

Is Skeena Resources Limited a good investment or a top pick?

Skeena Resources Limited was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for Skeena Resources Limited.

Why is Skeena Resources Limited stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Skeena Resources Limited worth watching?

2 stock analysts on Stockchase covered Skeena Resources Limited In the last year. It is a trending stock that is worth watching.

What is Skeena Resources Limited stock price?

On 2020-08-19, Skeena Resources Limited (SKE-X) stock closed at a price of $2.62.