RE:It seemsI really don't understand how Seabridge management allowed this to happen. They knew for ten years that the MTT was the best economic option for the KSM project, (despite costing $956 million including MTT material transport). How they then failed to secure the MTT rights through a definitive agreement with the Treaty Creek owners is a colossal mistake. The entire mining plan was contingent on the MTT!
Now what can Seabridge do? At this point, what could possibly compensate Tudor/TUO/AMK to sterilize their Treaty Creek project with 30 million ounces gold and counting? Would a billion dollars be sufficient? Could KSM go forward with such an additional cost? I think both points are unlikely.
That would imply Seabridge will now have to develop a wholly different route; either overland or a complete tunnel re-route. Either option is likely going to cause a lengthy delay, and will be more expensive and less efficient than the current PFS. Will Seabridge's permits for mine develpment still be valid? It's looking extremely bleak at the moment for KSM.