SEA 2023 Report Card Objective #1:
Enter into a joint venture (“JV”) agreement on the KSM project with a suitable partner on terms
advantageous to Seabridge.
(10% weighting)
We engaged RBC Capital Markets to initiate a formal JV process. Following site visits by five major mining
companies. We are now continuing discussions with several parties who have expressed an interest in our
joint venture structure.
Although significant progress has been made, this objective was NOT accomplished.
They did not indicate whether the ongoing discussions are with one or more of the five major mining companies who visited the site. If its not with one of those companies this is really bad news. Fronk should provide clarification on this critical matter. My guess is if the stock goes south this means that people in the know have the answer and it's not positive. The fact that the stock is far from its record highs despite gold near $2200 an once is not a good sign either.