Post by
highper on Dec 01, 2023 3:53pm
relatively speaking the Sea share price has barely budged
What does that mean? It could be construed that the market is saying the three amigos are better positioned in regard to the dispute over the seabridge tunnel rights. Well, I have a position in seabridge as well, so i hope both parties to settle their differences amicably.
I do seem to recall that seabridge has historically regarded as an investment in deep storage gold. If my recollection is correct, their massive gold position --over 1 oz per share or thereabouts for gold in the ground -- has previously driven their share price to the moon when the gold prices skyrocketed. It has not happened as yet.... So, you have to wonder if their uncertain situation in regard to the problems posed by their proposed tunnel route is to blame for investor reticence...