Seabridge Gold v.s NovaGold - Gold Stock Analyst August 2021At NG’s current $2.6 bil market cap, its 17 mil P+P ounces sell for approx. $152/oz. GSA Top 10 stock Seabridge Gold is also fully permitted and has a lower $5 bil-plus capex, double the P+P reserves at 39 mil ounces, and with a $1.4 bil market cap, it sells for approx. $35/oz. Seabridge is a far better value.
( The 2011 Feasibility Study for NG saw $6.7 bil capex for the 54K t/d OP mill with an autoclave to pressure oxidize the gold and make it recoverable by the mill).