Seabridge Gold Inc T.SEA

Alternate Symbol(s): SA

Metals & Mining Gold

Seabridge Gold Inc. is engaged in acquiring, exploring, and advancing mineral properties, with an emphasis on gold resources, located in Canada and the United States. The Company holds a 100% interest in several North American gold projects. Its principal assets, the KSM project, and its Iskut project, are located in Northwest British Columbia, Canada's Golden Triangle, the Courageous Lake project located in Canada's Northwest Territories, the Snowstorm project in the Getchell Gold Belt of Northern Nevada and the 3 Aces project set in the Yukon Territory. The KSM Project is an undeveloped gold project. Iskut is a 294 square kilometers property located approximately 20 kilometers (km) east of KSM. 3 Aces is a 314 square kilometer property located in southeastern Yukon. The project is a district-scale, orogenic gold project. Snowstorm is a 103 square kilometer property located at the intersection of three major Nevada gold belts. Grassy Mountain is its non-core asset.

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Seabridge Gold Inc

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Comment by Krishak5on May 28, 2020 2:38pm

505 Views

Post# 31083951

RE:RE:RE:RE:John Doody

In GSA's analysis Doody says, "we see SA giving KSM to a big copper miner to develop..." and in return SA would get a 10% gold stream worth $147 mil/yr. My understanding is that Rudi is talking to a gold miner and a copper miner that could develop KSM together. SA would receive 10% of the copper in addition to the gold. Using GSA's consevative #'s this would be 10% of 265mill lbs @ $2.60 = $68.9mil.

GSA's target price of $42/share for SA was derived from the $147 mill gold stream, the additional $68.9 mill from copper generates a target price more than $60/share.

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