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Seabridge Gold, Inc. Message Board

steckie47 4 posts  |  Last Activity: Oct 9, 2014 8:33 AM Member since: May 2, 2011
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  • steckie47 by steckie47 Oct 9, 2014 8:33 AM Flag

    Seabridge's largest shareholder Mr. Friedberg is is back buying SA shares yesterday

  • Reply to

    Thinking about it

    by cats_paw_kid Sep 3, 2014 11:51 AM
    steckie47 steckie47 Sep 3, 2014 12:16 PM Flag

    just think about it..... the widths SO FAR are 500+ meters.wide,...that's more than 5 Bronco football fields.
    a very good thing.


  • Here is part of what Raj Ray, National Banks PM analyst, had to say about todays Seabridge's news release:

    Seabridge Gold Inc. – (SEA: TSX; SA: NYSE) $11.94; US$10.92
    STOCK RATING: Outperform
    TARGET: $15.00
    RISK RATING: Speculative
    Exploration Continues to Unravel Additional Core Zones at KSM
    Initial Drill Results Confirm Presence of Core Zone beneath Iron Cap Deposit
     Impact: Directionally Positive. Although the recent drill results from Iron Cap at Seabridge’s KSM project in
    northwestern British Columbia are preliminary and further drilling will be required to generate an initial resource
    estimate, they confirm the continuity and potentially large size of a deeper core zone (hence called Iron Cap
    Lower Zone) beneath the current Iron Cap deposit (Exhibit 1) similar to the discovery of Deep Kerr in 2013. Note
    that the KSM project comprises of four large porphyry deposits – Kerr, Sulphurets, Mitchell and Iron Cap – as
    envisaged in the 2012 pre-feasibility study (PFS). Deep Kerr and Iron Cap Lower Zone provide the
    understanding about the geophysical and geochemical signatures of the core zones at KSM which are
    usually associated with higher metal content. Management has indicated that it might be possible to
    replicate these models at some of the other deposits which we believe could benefit the overall project
     Drill results indicate potential to improve the Iron Cap deposit with little change to the KSM project
    design. Iron Cap is already designed as an underground block cave mine, sitting about 1,000 to 1,200 metres
    laterally from the access tunnels designed for the KSM project. Extending this deposit down plunge into higher
    grade gold and copper zones could significantly improve the Iron Cap deposit with little change to the KSM
    project design. Drilling done at Iron Cap in 2013 (Exhibit 2) to test the downward plunge of the deposit had
    initially pointed to the presence of a deeper higher grade zone but did not test the width and strike of the
    projected core zone due to a lack of suitable drill pad locations. The 2014 initial drill results have indicated both
    large size and continuity of the Iron Cap Lower Zone although further drilling will be required to confirm the width
    and grades. Highlights include (Exhibit 2):
     0.68 gpt gold and 0.30% copper over 514 m
     0.41 gpt gold and 0.28% copper over 510 m
    Note that Iron Cap currently hosts probable reserves of 193.0 mln tonnes grading 0.45 gpt gold; 0.20% copper
    and 5.32 gpt silver. An additional rig has also been moved to site to generate sufficient data for an initial resource
    estimate for the Iron Cap Lower Zone which is expected by January 2015.
     Federal environmental approval expected in fall 2014, Note that the EIS/EA application review is proceeding
    as a cooperative provincial-federal undertaking and the company has already received the approval of the BC
    provincial government. At the federal level, the Canadian Environmental Assessment Agency (CEAA) completed
    a final comprehensive study report (CSR), which was submitted to the Federal Minister in July 2014.
    Subsequently, a 30-day public comment period is held which commenced around the second week of July 2014.
    A decision from the Federal Minister is expected in the fall of 2014; we do not expect delays beyond this
     Catalysts: We believe there are a number of near-term catalysts that should help us refine our valuation and
    may impact SEA’s share price. These include:
     Federal environmental approval – Fall 2014
     Ongoing exploration update from Deep Kerr and Iron Cap – H2 2014
     Iron Cap Lower Zone initial resource estimate – January 2015
     Potential joint venture announcement – Early 2015

  • After talking to the company, this is what they said, more or less...

    "The KSM Project has been designed specifically to avoid the risks that have now been exposed at Mount Polly. The Mount Polly mine was designed as a zero discharge project. The tailings at Mount Polly accumulated behind a dam along with all the water from rain, snow melt and other sources. There was no way to release the pressure on the dam under the existing permit. This design does not require a water treatment plant which would raise the water quality to the point where it is safe to release it into the environment.

    At KSM, the tailings management facility has been designed to discharge water into the environment after extensive treatment to ensure that it has no significant adverse effect. This is a much more expensive solution but it ensures that there is no buildup of water pressure behind the dam. The greater sophistication of the KSM tailings management process is one of the main reasons why the KSM EA document took four years to prepare and covers more than 35,000 pages…it addresses the special needs of an area known for high precipitation. This is only one of the many, major differences between KSM and Mount Polly. The design of the KSM tailings facility and the project’s water management systems were prepared by world-leading consultants and the risk mitigation built into the design is state-of-the-art".

    Now you know.

    Cheers, Steckie

6.73-0.38(-5.34%)Oct 30 4:01 PMEDT

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