Seabridge gold Is vastly undervalued
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 ?