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Seabridge Gold Inc. (SA)

NYSE - NYSE Delayed Price. Currency in USD
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18.08-0.13 (-0.71%)
At close: 4:00PM EST
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  • A
    Anonymous
    Problem now is Crypto is looking to replace Gold as a safe haven and could mean a long downturn in Gold if successful.
  • S
    Steve
    Gotta think a major like barrick would be interested in seabridge. They have a nearby property and are only interested in huge mines with million ounce a year potential. Sounds like KSM to me.
  • g
    gorgan
    This company apparently owns some decent properties but hasn't ever done anything with them over the years. The only thing I see them actually mining are the investors.
  • S
    Steve
    proven and probable reserves for KSM and Courageous Lake

    44 Million oz of gold (currently $1900 oz)
    10 Billion lbs of copper (currently $3.12)
    183 million ozs of silver (currently $24 oz)

    Even with a 5 billion dollar mine cost for KSM you would get literally get 40 billion in cash flow after tax,

    Current market cap is 1.25 Billion. Shameful. They also have other properties as well.

    This company needs to start selling its assets or the entire company. This company is worth 5 times this amount.
  • S
    Steve
    Newmont also wants to expand into copper. KSM mine has 10 billion lbs of it plus 38 million oz of gold.
  • A
    Adam
    I bought into this 5 years ago as I considered it to be the most levered play on the gold price out there. Really surprised this hasn’t gone higher and that this board is so quiet. What do others see the future holds for this company?
  • P
    P K
    Looks like they are coming after this one. Will advise.
  • Y
    Yahoo Finance Insights
    SEA.TO reached a 52 Week high at 27.78
  • Y
    Yahoo Finance Insights
    SEA.TO reached a 52 Week high at 28.35
  • Y
    Yahoo Finance Insights
    Seabridge Gold is down 5.35% to 19.09
  • Y
    Yahoo Finance Insights
    Seabridge Gold reached a 52 Week high at 20.97
  • Y
    Yahoo Finance Insights
    SEA.TO is up 5.93% to 26.60
  • Y
    Yahoo Finance Insights
    Seabridge Gold reached a 52 Week high at 21.74
  • Y
    Yahoo Finance Insights
    Seabridge Gold is up 5.87% to 20.19
  • Y
    Yahoo Finance Insights
    Seabridge Gold is down 6.80% to 20.30
  • Y
    Yahoo Finance Insights
    Seabridge Gold is down 5.41% to 18.67
  • A
    Anonymous
    I am a rookie investor in this. I wonder why the stock price so low.
    Per Yahoo, the market cap is $769,649,000 as I write.
    According to the Seabridge reserves/resources page, they have 45.3 million "proven and probable" ounces of gold. (They also have a bunch of copper, silver, and molybdenum).
    According to the Seabridge projects page, the KSM gold (38.8m oz) can be mined for $358/ounce, or $13.9 billion. The Courageous Lake gold (6.5m oz) can be mined for $780/ounce, or $5.1billion.
    Gold price is $1715/oz. The KSM gold would sell for $66.7billion. The Courageous Lake gold would sell for $11.2 billion. That would be a net profit of $52.8billion in KSM and $6.1billion in Courageous Lake. They own other sites.
    So, according to my amateur math, a company worth $0.77 billion could reap a profit of $58.9billion by developing their proven and probable reserves.
    What am I missing?
  • Y
    Yahoo Finance Insights
    SEA.TO is down 5.19% to 25.21
  • B
    BOHICA
    I'm just curious what this company does. They don't have any income, it seems like they just keep issuing stock and raising more money and searching for gold.
  • E
    Emily
    I don't know what you people are thinking, this company loses like 10 million dollars every year. When was the last time it profited?