Seabridge Gold Inc T.SEA

Seabridge Gold. A stock undervalued by Mr. Market

[silvereagle80]

Seabridge's major purpose is to maximize resources in the ground and minimize the number of shares outstanding.   This approach is good for the investor long term but doesn't necessarily help the stock price currently.  We have one analyst suggesting their stock price should be $60. and we are currently looking at $10.00.   His $60 price target makes some sense based on assets in the ground but Mr. Market places very little value on assets in the ground. Long term those assets should provide a much higher stock price.
 
We are in a very unusual period in time.  The world for years has accepted the value of the dollar as a means of trade.  The dollar is a fiat dollar and is backed by nothing but the good faith in the USA.  Our adversaries are trying to not use the dollar as the world wide currency.  Most countries are currently accumulating gold.   Some say that gold and silver are the only medium of exchange.

We have valued Seabridge's Proven & Probable inventory at today's prices by one.  There are are some costs to bring these minerals to market.  We are trying to show that they have significant assets in the ground.  The company has been true to their plan.  Maximize assets in the ground and minimize shares outstanding.  They currently only have 80 M shares outstanding.

I have taken the numbers from Seabridges"s website to make the following calculations.  I have divided Seabridge's actual numbers by 80,000,000 (approximate number of shares to determine the per share amount of each inventory classification for one share of stock).  
                                                                   Measured &
    Per Share      Proven & Probable          Indicated        Inferred         Total
Gold                  .67oz x $1800 = $1,200. 1.25 oz             .875 oz        2.795 oz 
Copper             91.5 lbs  $4.            396    249 lb              440 lbs           731 lbs 
Silver                       2oz x $20           40       5 oz                  5 oz              12 oz.     
Moly                        5lbs x   $4           20      9  oz                 5 lbs              19 lbs
   Total                                          $1,656       
We have not even priced the measured & Indicated or the Inferred quantities in one share of stock.
It's hard to believe my prices are right for a stock selling for less than $11.00.    Short term the market does not value gold in the ground.

[gisellekronk]

i agree , they have the ounces , the problem as i see it is , the many $ billions it will take to get the mine built , leaves them very few companies to make a deal with , and now when int rates are rising that pushes down the value of all stocks . the buy out will happen (they have too many proven ounces, for it to just sit) , but i think it will take a higher gold price , lower int rates , and