RE:Thinking outside the box a little I've oftened wondered if ES wants to get into production for his personal ETFs...your idea is similar to mine Krammer. Perhaps there is no sell out to a major. Hell I'd be happy owning this as a producer...then our company could possibly purchase Seabridge. Far fetched? Perhaps...but I know ES owns some roasters down in Nevada...that has production implications- does it not?
If he could produce his own gold,silver, copper and platinum for his bullion accounts, then he just chopped out variable pricing and the middle man...just far more profit for him as he gets to charge variable pricing to his clients.