RE:FWIWThe PFS published by Seabridge shows the KSM project is very profitable at current gold and copper prices. It certainly doesn't need $2000 gold. In fact, with $4 copper it only needs $1200 gold to make a nice profit. At least look up the public record which contains a lot more verification than the Tudor maiden resource.
If you want to find out what the large new resource at Treaty Creek is worth consider that SA's all categories resource has more than 5Xs the gold (142 million ounces vs 25.5), and more than 35 Xs the copper (50 billion pounds vs 1.4 billion pounds). Look it up.
The Tudor report today does not say what the strip ratio is for the 16 million ounce open pit. Let's assume an optimistic 5 to 1 strip ratio. The pit therefore produces about 750 million tonnes of ore which means 375 million tonnes of waste are also mined. Where does this waste go? And where do you put the 750,000 million tonnes of tailings?
The out of pit resource may not be economically minable...hopefully it is but there is no indication of what the cave shapes would look like for the underground. Hopefully the 43-101 report will clarify the strip, why they were able to justify a 50 degree pit slope which is very steep and how the underground resource would be mined.
The news today was pretty good but writers here should not try to make it look better by using incorrect numbers for Seabridge as comparisons.