RE:RE:RE:RE:SEA could take AMK fairly cheaply right now-Hello Paydirtontario
They would have no reason to do so .
If they were really interested they would have done it 10 years ago at the time who AMK and Teuton were the only 2 in the adventure at 51% for AMK and 49 % for Teuton .
I believe they were talking at the time and a Magnetic survey done bi Seabridge on Treaty Creek land and who was never revealed by Seabridge to us for obvious reason we see today .
Seabridge as been looking for a partner to develop or purchase the KSM project for the last 5 years at least. They are not mine builder and it as been specify on the document release on page 31.
It will be very interesting to see what is this for .
Seabridge has 63 million of outstanding share and these warrants can represent another 38 millions of shares US price ,more than 50 % of what they have . I never saw Seabridge dilute their shares over the year they always try to keep one ounce per share in the ground and they have done so in 14 years . Rudy is a very good business man and we shall see what it is soon what he has in his mind.
A deal with Tudor , possible or ? who really knows.
https://sec.report/Document/0001213900-20-040551/
Page :31
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. Since a transaction to form a KSM joint venture, or a sale of the KSM Project, could be concluded in less than a year, the Company plans its work to advance the KSM Project on an annual basis. When the results of one year’s work have been received and reviewed, planning for the next year begins. When planning its programs, the Company will consider the recommended work in the Current KSM Report, but the Company will decide work based on its priorities, the results of its advancement work and the items it believes are best left for a joint venture partner to decide, and the timing and cost of performing this work are difficult to predict. Certain data collection work and studies that are likely required regardless of the ultimate KSM Project design and steps towards satisfying conditions in its environmental assessment certificate have been undertaken and work on them is likely to continue. Plans for each year are typically announced in the second quarter of the year and budgets are established before that time.