Seabridge will hit $50 with gold going up…. Don't forget he fact that there were many analysts covering this company with target prices above $80 a year back... Where are all those analysts now. I don't see anyone covering this at the moment... what does that mean... they pumped it for couple of years and took the profit... now they are letting it go down for sometime and will start covering again with next bull market.... after silent accumulation.
Besides all these BS, Seabridge has huge discoveries and still exploring two new fields - 3 Aces and Iskut. So, the target price above $50 has some meaning to it... In my opinion, it is the best time to accumulate and wait for the next run.
When the mine starts operation, this stock could be a $5B market cap, that is almost 5 times from current price... considering any dilution for funding. But the way Sprott getting in with royalty deals with KSM company, I will anticipate this stock will be above $100 while start producing. But that could be 5-8 years from now. We will easily see other bull runs within that time frame.