RE:John Doody
I spoke with Rudi Fronk at Seabridge today about GSA's analysis. Rudi is holding out for significantly more than the 10% gold stream worth $147mil/yr ,calculated with gold at $1,500 by
GSA. KSM is being considered by 3 major gold miners in addition to the copper miners that Doody was focussing on. The likelihood of a KSM deal being consummated increases by $38mil with each $1 increase in the prices of gold, (P&P reserves = 38.8mil oz Au) + 10.2 bil pounds of copper + significant amounts of copper and molybdenum. The value of the byproducts make the cash costs of mining gold $0. WHAT A DEAL!
https://stockhouse.com/companies/bullboard?symbol=t.sea&postid=31057266