Post by
silvereagle80 on Mar 11, 2024 3:31pm
Seabridge, Great Potential Value
I have followed gold and silver stocks for over 50 years. Most mining companies raise capital by issuing stock and warrants for cash. Usually the companies take longer than anticipated to get the gold out of the ground and they struggle or go bankrupt. Seabridge has been the exception. They have accumulated a huge resource but kept the number of shares outstanding relatively low. (80 Million shares). Rudi Fronk, Chairman of the Board and CEO recently stated in an interview that have $6,500 worth of resources in the ground for each share of stock. These numbers are also on their website. Those numbers are unbelieveable. They still have to find a partner to get the resources out of the ground and to market. There are only a few companies capable of taking on this task. In the interview, Fronk is hopeful that they will get this done in the not too distant future. Let that sink in.. The resource in the ground is approximatley 500 times the current value of the stock. $13.00 x 500 = $6,500. If you know of a better leveraged company, please let us in on your special stock.
I have seen a couple analysts think it should be a $30.00 stock in a year. One investor thought it should a $90.00 stock. With higher gold prices, lower interest rates and and a partner, this stock should do really well.