Seabridge Gold Inc T.SEA

Seabridge to Raise US$150 Million

[Betteryear2]

Toronto, Ontario--(Newsfile Corp. - May 11, 2023) - Seabridge Gold (TSX: SEA) (NYSE: SA) announced today that its wholly-owned subsidiary, KSM Mining ULC ("KSMCo"), has agreed to the principal terms of a royalty agreement under which Sprott Resource Streaming and Royalty Corp. ("Sprott") pays KSMCo US$150 million (approximately C$200 million at the current exchange rate) and KSMCo grants Sprott a 1.2% net smelter royalty ("NSR") on its 100% owned KSM project located in northern British Columbia, Canada. The proceeds will be used to complete the physical works at KSM for which Seabridge expects to achieve a designation of 'substantially started' from the B.C. government.

Seabridge to Raise US$150 Million under KSM Net Smelter Royalty Agreement with Sprott Funds to be Used Towards Achieving 'Substantially Started' Status (newsfilecorp.com)

[Jaskula]

$150 mln for 1.2% royalty, means that the entire project is now worth $15 bln rigth now. When the market will wake up? . 

[TeckPro]

It won't because your MATH is way wrong.  You have also omitted the fact no tunnel as yet and the massive cost for infrastructure. The purchase of the 1.2% means the investor gets pure profit as none of that money goes towards infrastructure or any cost whatsoever. You always put the cart before the horse lol.