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  5. SKE: Hello, Please provide your thoughts on Skeena Resources Limited. [Skeena Resources Limited]
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Q: Hello, Please provide your thoughts on Skeena Resources Limited. What are your key concerns.

Thanks
Asked by Harpinder on February 22, 2024
5i Research Answer:

Our key concerns here are size risk and cash burn. Both cash from operations and FCF are highly negative, while the company is pre-revenue, and so continuing to raise and deploy capital correctly will be key. There is definitely some potential here and a few near-term catalysts include drill results from the Eskay Creek Project which are expected in Q1 2024 and project financing also to be announced in H1 2024. Being a junior miner, SKE is of course a high risk oppurtunity and cash burn along with the need for capital continues to be at the forefront. We do think that the balance sheet looks solid being net cash positive at $36.8M.

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