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topsecret09 (71.64)

Seabridge gold Is vastly undervalued

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April 01, 2010 – Comments (11) | RELATED TICKERS: SA

 The preliminary feasability study was published yesterday for Seabridge Golds massive KSM project, and the numbers are nothing short of astonishing. Given the fact that (SA) currently trades at $25.00,the market cap for the entire company Is just over 1 Billion dollars with only 42 million shares outstanding.( They have seven other projects that are not even Included In these just released figures)  TS    

Preliminary Feasibility Study Completed for Seabridge Gold’s KSM Project
Wednesday, 31st March 2010

Study Reports Reserves of 30.2 Million Ounces of Gold, 7.0 Billion Pounds of Copper, 133 Million Ounces of Silver and 210 Million Pounds of Molybdenum

Base Case Life of Mine Cash Operating Costs Estimated at $144 per Ounce of Gold Produced (Net of Base Metal Credits) http://www.seabridgegold.net/readmore.php?newsid=283&PHPSESSID=c56140d2b76f80c094fcbc9365f10e3e    Here Is how this breaks down at current market prices for metals....   Their gold reserves are worth 33 BILLION, their silver Is worth 2 BILLION two hundred sixty million, their copper Is worth 24 BILLION, and their moly Is worth 3 BILLION five hundred seventy million !!!  Thats over 63 BILLION dollars just associated with the m KSM project alone !  Even If you add the 3 billion that the company says It would take to get the mine Into full production,you can plainly see that this stock may be one of the most undervalued assets In the entire Investing universe. What do you think ?

11 Comments – Post Your Own

#1) On April 01, 2010 at 1:37 PM, Tastylunch (29.93) wrote:

I think the company could have phantom assets TS

see article from March 1st (dang site won't link properly to individual entries)

http://www.citronresearch.com/index.php

 

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#2) On April 01, 2010 at 3:18 PM, Tastylunch (29.93) wrote:

ah wait here it is

http://www.citronresearch.com/index.php/2010/03/01/

I'm inclind to believe citron they have about 90% accuracy rate on these sorts of things.

prominent gold analysts here at CAPs Sinchiruna and Golkdminingxpert both aren't big fans of this company either from what I understand.

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#3) On April 01, 2010 at 4:03 PM, uclayoda87 (29.86) wrote:

If their recent report is accurate, they appear to have the potential assets to make a lot of money over a long period of time, but it remains to be seen if they can turn potential into profits.  The stock price had a wide fluctuation over the last few weeks and I bought a few hundred shares when it dipped below $22, but I admit that this was pure speculation.  I was hoping for another TGB type buy in from Asian investors to help drive up the stock price.  It still may happen, so I have continued to hold my position.

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#4) On April 01, 2010 at 4:04 PM, Option1307 (30.48) wrote:

Study Reports Reserves of 30.2 Million Ounces of Gold, 7.0 Billion Pounds of Copper, 133 Million Ounces of Silver and 210 Million Pounds of Molybdenum

Sounds too good to be true, and in my experience, things that sound too good usually are too good. Be careful with this one TS.

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#5) On April 02, 2010 at 11:00 PM, topsecret09 (71.64) wrote:

The Shorts Got it Wrong on Seabridge Gold....     The stock should resume its rally soon, continuing the short squeeze that began last week.  http://www.minyanville.com/businessmarkets/articles/seabridge-gold-gold-mining-newmont-mining/4/1/2010/id/27582

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#6) On April 03, 2010 at 12:51 PM, AlexanderAkhavan (< 20) wrote:

I read both the Citron Report and the pre-feasability study.

How do we know if the pre-feasability study is accurate? 

And what is the difference between a pre-feasability study and a feasability study?

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#7) On May 02, 2010 at 10:38 PM, topsecret09 (71.64) wrote:

Anyone jump on the train?

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#8) On May 02, 2010 at 11:25 PM, bigkansasfool (< 20) wrote:

It's a classic pump and dump with no history of real earnings. WATCH OUT!

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#9) On May 25, 2010 at 4:42 PM, topsecret09 (71.64) wrote:

 One thing that I can tell you for sure Is this Is NOT a pump and dump....   do some research........   TS

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#10) On June 16, 2010 at 9:23 PM, Robayr (< 20) wrote:

Picked this one up from Tom Jacobs when he was on his own with Jeff about two years ago. Been some kind of a ride but most of my original thesis still holds. Never have been able to pull the trigger and sell. So far it has been good for me. Waiting and hoping that someone decides to buy the company. I may have waited one day to long already.

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#11) On June 18, 2010 at 8:39 PM, topsecret09 (71.64) wrote:

  $ 35.00 on the close today....   Not a bad buy at $25.00...    TS

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