Skeena Resources Limited (TSXV: SKE) (“Skeena” or the “Company”) is pleased to announce the results of a Canadian National Instrument 43-101 Preliminary Economic Assessment (“PEA”) and Mineral Resource update for the Company’s Spectrum-GJ copper-gold project (“Spectrum-GJ”) located in the Golden Triangle of northwest British Columbia.
As quoted in the press release:

Walter Coles Jr., President and CEO of Skeena commented: “There are few copper dominant projects in politically stable jurisdictions that have an initial capex of less than US$200 million, combined with a 25-year mine life and an after-tax, base case IRR of better than 20%. The after-tax net present value (using an 8% discount rate) for the Spectrum-GJ project vastly exceeds Skeena’s current market capitalization. Given that Skeena has three other projects, including the Snip mine, it is evident that the Company’s portfolio of assets is significantly undervalued.”

Click here for the full text release