Seabridge gold (SA) has 38.5 million ounces of proven and probable reserves, repeat reserves not resources, and a market cap of $900 million. TRX has measured indicated and inferred resources somewhere in the neighborhood of 4 million ounces that include an area where the company isn't likely to be granted a mining license and a market cap of $270 million. Which is the better value ounces in the ground? If you want gold exposure you could buy SA with 9 times the gold at only 3 times the price. Plus a shareholder of SA would get all the silver and moly too.