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Seabridge Gold, Inc. Message Board

cats_paw_kid 6 posts  |  Last Activity: Jun 24, 2015 9:59 AM Member since: Jun 14, 2007
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  • cats_paw_kid cats_paw_kid Jun 24, 2015 9:59 AM Flag

    Yes, but this stock is priced as if there might be some underlying problem ... which, as far as I can tell --- there isn't. The only negative thing in about 2 years has been a modest dilution, more than compensated by the identification of 10 million ounces of additional gold reserves ... and other big-time advances with the KSM project. If sentiment towards gold stocks was bullish instead of bearish ... I'm pretty sure this stock would be priced at around $30 ... with an upside target of $80.

    Of course, gold itself is very near a 5-year low right now--- even though that "low" (at around $1200 an ounce) is actually quite "high" ... from a long-term perspective.

    But ... the market is what it is.

  • "If we get a sustained period of strong commodity prices, exposure to companies like Seabridge Gold (NYSE:SA) and NOVAGOLD (NYSEMKT:NG) could provide exceptional leverage to the gold price.

    Seabridge's KSM deposit is one of the few large-scale projects in a stable jurisdiction.

    It already has environmental approval, which makes it attractive to a large number of base metal and gold mining companies. "

  • Reply to

    Producers Must replace their gold

    by cats_paw_kid Jun 17, 2015 4:05 PM
    cats_paw_kid cats_paw_kid Jun 18, 2015 3:54 PM Flag

    Mining is a business. You do it to make money. If you are in "care and maintenance" you are losing money. If you are using up the product that you sell ... you MUST replace that product (your reserves) in order to survive & keep preparing for future requirements.

    One way of doing this is to acquire smaller players.

  • cats_paw_kid cats_paw_kid Jun 18, 2015 1:47 PM Flag

    From the 2014 Annual Report

  • NUMBER HAS DOUBLED

    Following the Federal environmental assessment approval in December 2014, the number of major mining companies that are under confidentiality agreements has more than doubled ... and they are now reviewing the KSM Project.

    Seabridge believes that transaction terms are more important than timing ... therefore, we will only conclude a joint venture transaction under terms that are favorable to Seabridge shareholders.

    Obviously, improved market conditions would strengthen our hand considerably in negotiating the transaction terms we are seeking.

  • Reserve replacement

    Gold miners face the problem of mining gold out of the ground at costs less than current gold prices. But they also face the problem of replacing every ounce they take out of the ground.

    While mines have finite lives, companies operating them don’t. To stay in the business, miners either have to find new mines to replace depleting mines or acquire mines from junior miners engaged in exploration.

    Thus the value of Seabridge ... which has identified over 90 million oz of gold at it various properties. Some of the big miners are going to need that gold (and silver &copper) in the not too distant future.

SA
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