Seabridge Gold Inc T.SEA

COO Ryan Hoel presents at Denver Gold Show

[GuruNN]

The presentation is public now.

I still can't believe that the management of Seabridge Gold is taking such a high risk. 

 

Once again they say that all the permits are in place. 

 

The technical discussions on a JV have already been made with six companies so that the commercial aspects can now be discussed. A deal is expected to be finalised in the next six to nine months. 

 

Only then will the feasibility study be tackled, which will then take another 2.5 to 3 years. 

 

But no word about the MTT. Next week is the BC government's decision on the extension of the requested tunnel licence. And that's not supposed to be a risk that needs to be discussed? Is Seabridge really assuming that they will be allowed to build a tunnel through Treaty Creek with a Goldstorm deposit with 27.8 million AuEQ without having to compensate Tudor Gold?

 

I don't understand the strategy. 

 

Either the management is completely stupid or they already know what BC will decide. 

 

 

[gisellekronk]

hello , GuruNN  .  i have to think that each of the 6 companies would have asked about that tunnel ? what do you think seabridge could have answered to keep them from walking away from the joint venture talks  ? seabridge must have said something so the 6 companes think that will not be a problem .

[GuruNN]

I am highly convinced that all the majors are fully aware of this problem and are therefore waiting to see what a possible tunnel solution will look like. And I'm pretty sure that most of the majors are talking with both companies.     BC suggested in November that both sides (Seabridge and Tudor) should sit down and discuss a solution. Apparently they didn't manage to