RE:RE:RE:RE:SEA Maiden Resource EstimateGreat Alpha. Just facts that speak a clear language! Also, there are always two sides of a mountan... I know which one is better in this case!
alpha74 wrote: Seabridge has not created any shareholder value since its maiden resource. On the contrary, the market cap is currently about 25% lower than in october 2007! And this although the gold price is much higher today than at that time. This would make me think as a shareholder.
Seabridge has not been able to find a strong partner for the way into production all these years. The fact that capex of around CAD 5-7 billion is needed for mine construction is probably the main reason for this.
The Seabridge management with CEO Rudy Fronk, who is very sure of himself, failed to secure the Treaty Creek area at an early stage.
This was achieved in 2015 by Walter Storm. Walter and his shareholders are currently reaping the rewards...and it will soon get even better !!