SA Presentation at Red Cloud Oktoberfest Oct 20, 2020.Seabridge Gold Inc. (TSXV:SEA, BUY, C$67.00 target, Derek Macpherson)
Presenter: Rudi Fronk, CEO & Chairman
Company Description: Seabridge Gold Inc. is designed to provide its shareholders with leverage to a rising gold price. From 1999 through 2002, Seabridge acquired nine North American projects with substantial gold resources, including Courageous Lake and KSM. Subsequent exploration by Seabridge has significantly expanded its acquired gold resource base. Seabridge’s aim is to create value for its shareholders by growing reserves and resources faster than shares outstanding. Project acquisitions, exploration and engineering programs are carefully designed and monitored to ensure that equity dilution required to fund these activities is more than offset by additional reserves and resources.
Highlights:
Seabridge continues to advance all five of its projects with drilling at Iskut (BC) and Snowstorm (Nevada). Results from Iskut are expected this quarter.
At KSM, where the company recently released an updated PEA, the company has started geotechnical work on the tunnel and is continuing search for a JV partner. In our view, a JV on this asset would be game-changing for the company and its share price.
Additionally, the company is looking at options to monetize its Courageous Lake project (11.4M oz at 2.3 g/t Au) in the Northwest Territories for the benefit of shareholders as it has done with non-core projects in the past.
(Highlighting by Krishak)