RE:I just listened to an interview today ardbegoil -
Yes, disturbing indeed.
The KSM deposit is massive in both gold and copper, moly as well. But the length of time Seabridge has taken to get where it is both in time and money has been prohibitive.
The problems experienced by both Teck and NovaGold at Galore Creek, another massive project, were a prodrome for what was to happen to Seabridge. Ultimately, NovaGold sold its 50% portion of the Galore Creek copper-gold-silver project to Newmont for US$275 million.
The problems experienced by both these ventures included but were not limited to a ridiculous time and cost to obtain permits, repetitive and destructively expensive environmental studies, unnecessrily complex and expensive discussions with First Nations entities and so on.
The more of these sorts of problems encountered, the less desirable the projects become and the less likely are the miners to pursue them to the detriment of one and all.
This is why BC is considered disadvantageous by the Fraser Institute who, a scant seven months ago, opined, B.C. miners face more onerous permitting process compared to miners in other provinces.
Saskatchewant was considered the best Canadian jurisdiction to mine and sixth in the world.
Both Ontario and Quebec were ranked considerably more mining-friendly. This is very much in the favor of Maple Gold Mines which also has another ace up its sleeve, "Maple Gold Mines is an advanced exploration company focused on developing a district-scale gold project in one of the world’s premier mining jurisdictions. The company’s Douay Gold Project is located within the prolific Abitibi Greenstone Belt in northern Quebec, Canada.
The Project has an established gold resource that remains open in multiple directions with excellent infrastructure and several large scale operating mines within this prolific mining district. Maple Gold is focused on expanding the known resource areas and testing new discovery targets within the Company’s 55 km of strike along the Casa Berardi Deformation Zone."
https://www.maplegoldmines.com/index.php/en/
Sometimes we need to review why it is we invested in MGM in the first place. We also have to take into consideration the fact that the gold that was in the ground at the time a certain commentator attempted to cast doubt upon the company is still there. It has not gone anywhere but the company is considerably more cashed up than it was and if anything its value has shown resilience. The price per share did fall as a consequence of the remarks made but far less, in my opinion, than would many given similar circumstances. To my view, that is a sign of strength.
We also need to remember that not all miners move at the same time. Some will begin their ascent earlier than others. Why this is so is a consequence of various factors. My observation in this regard is a consequence of numerous features and my conclusion of any significance is that they eventually DO move!
Good fortune to us all.