RE:Seabridge filings : From Flashcash on the TUD board.Buried in the depths of the prospectus, all you really need to know:
“The Company plans to continue to pursue a joint venture or sale of the KSM Project. Since it does not intend to build or operate the KSM Project and the KSM Project includes multiple deposits and provides a joint venture partner (or purchaser) significant flexibility in the design of the KSM Project in accordance with its priorities and risk tolerance, the Company believes that it does not make sense for it to start into preparing a feasibility study on the KSM Project on its own. The Current KSM Report includes recommendations on additional work that could be completed to advance the KSM Project, including budget estimates. The work that a joint venture partner might choose to complete might include some or all of this recommended work and might include significantly more work, and so the timing and cost for a joint venture partner to conclude the recommended work or a feasibility study is impossible to predict.”
13 km of critical access is through TC. If you were a potential “joint venture partner or purchaser” what would you do right now? Wait and see what TC has and consider a consolidated project and access?
cg