OT/ Seabridge: new Snowfield PFS expected for Q1/22 Well then we shall see what a "brilliant" decision it was from O Brian to give away shareholders "Snowfield 60-100 Billion $ treasure" for ever, just for shocking lousy 120 mill $.
Snowfield increases gold leverage and our post-tax NPV5% by 18% (Figure 1). Similar to Mitchell, Snowfield is more economically driven by gold (versus the more copper rich, Iron Cap and Kerr Deposits) and as a result KSM’s gold leverage has increased. Now for every 10% increase in the gold price, post tax NPV5% increases by 10% (was 9%). Additionally, the addition of the Snowfield open pit defers the development of the two block caves. By our estimates, this is likely to delay ~US$3B in sustaining capital from starting in Year 1 to Year 15, significantly improving project economics. We note that our estimates could be conservative, and we await the updated PFS (expected Q1/22) to further refine our model.
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source of the quote: todays 7 pages report about the Snowfield aquisition from Redcloud Securities called: "Mitchell Gets Its Top Back; Snowfield Deposit Acquired"