RE:Seabridge Gold – Consensus Indicates Potential 194.3% Upside SEA's market cap is bloated already. The value may be justified when and if they can move forward towards access and infrastructure development. But what timeline? Surely they are waiting on TC drilling because it is a perfect nightmare for TC to keep revealing economic deposits right in their proposed access route.
Hard to believe TC and KSM won't end up as an integrated development multi-deposit mega mine. Then the question is what time discounts get applied by proposed production capacity and rates?
While KSM may be a sure thing in proof of their reserves, less so in viability of their plans. If you were a major looking to control KSM and TC, where would you take your toe-hold?
SEA has their work cut out for them pushing out news or interest while they are effectively on ice waiting for TC drilling.
cg