Use access key #2 to skip to page content.

topsecret10 (< 20)

Seabridge Gold stock worth over $1000 per share ?

Recs

8

January 25, 2010 – Comments (10) | RELATED TICKERS: SA

  The Street.com sat down with Seabridge Gold's CEO earlier today. What he had to say was eye opener to say the least....  According to Rudi Fronk,CEO of Seabridge...  "with less than 40 million shares outstanding,each one of our shares Is backed by 1.7 ounces of gold" !!  That would put the value of ONE SHARE of common stock at $ 1645.00 !!!!   Here Is the Interview.........    http://www.thestreet.com/story/10666360/1/seabridge-gold-ceo-take-us-out.html?cm_ven=GOOGLEFI         

10 Comments – Post Your Own

#1) On January 25, 2010 at 5:16 PM, topsecret10 (< 20) wrote:

If someone came In and paid 50$ per ounce for their assets,that would put the stock at $80.00 per share. Using conservative calculations the stock should be worth about $100.00 per share at TODAYS prices..........    TS

Report this comment
#2) On January 25, 2010 at 5:23 PM, topsecret10 (< 20) wrote:

Updated Resource Estimate for KSM
Measured and Indicated Gold Resources Increase by 4.4 Million Ounces

Date posted: Jan 11 2010

An updated resource estimate has increased measured and indicated gold resources by 13% to 38.9 million ounces and copper resources by 17% to 10.0 billion pounds.   

Report this comment
#3) On January 25, 2010 at 5:46 PM, FleaBagger (28.07) wrote:

What if the gold costs $1200/oz to mine?

Report this comment
#4) On January 25, 2010 at 6:10 PM, topsecret10 (< 20) wrote:

#3) On January 25, 2010 at 5:46 PM, FleaBagger (98.78) wrote:What if the gold costs $1200/oz to mine?    Good point Fleabagger...   The average price to mine and produce gold for sale Is about $450.00 per ounce.....     http://www.istockanalyst.com/article/viewarticle/articleid/3669462   If a miner were  to swoop In on Seabridge and pay them $75 per ounce of proven reserves. that would mean the stock would fetch 90 to $100 per share,and the aquiring company would still be able to double their money on the aquisition............    TS

Report this comment
#5) On January 25, 2010 at 6:37 PM, portefeuille (99.67) wrote:

that interview.

http://www.thestreet.com/video/10662446/seabridges-advantage.html

 

Report this comment
#6) On January 25, 2010 at 7:35 PM, ChrisGraley (29.68) wrote:

They are looking to sell the entire company to a major. If they get bought out at only $50 an ounce (conservative number given gold prices) That would make their current share price worth $87.50.

@ $100 an ounce would put the current share price @ $175 a share.

I'm not greedy, I'll take $50 an ounce.

 

 

Report this comment
#7) On January 26, 2010 at 6:51 PM, topsecret10 (< 20) wrote:

  Seabridge Gold files preliminary shelf registration..........  also announces Increase In measured gold and copper reserves..... 

Seabridge Gold (TSX: SEA)(NYSE Amex: SA) announced today that, further to its news release of January 11, 2010, an updated National Instrument 43-101 Technical Report has been filed on SEDAR for its KSM project setting forth an increase in measured and indicated gold resources of 13% to 38.9 million ounces and copper resources of 17% to 10.0 billion pounds. The Company also reported today that it has filed a preliminary short form base shelf prospectus with the securities commissions in each of the provinces of Ontario, Alberta and British Columbia, and a corresponding registration statement with the United States Securities and Exchange Commission (SEC).

Seabridge President and CEO Rudi Fronk noted that the updated KSM resource marks another year of successfully increasing gold ownership per common share -- the Company's principal objective. "Over the past six years, our total measured and indicated gold resources have grown by 431% while shares outstanding have increased by only 36%. We are now examining additional work programs for our two core assets, KSM and Courageous Lake, which have the potential to increase gold ownership per share in 2010. The shelf prospectus will provide the Company with financial flexibility to fund such programs. Our shareholders can take comfort in the fact that any additional equity financing will only be undertaken if we are confident that it is likely to increase gold resources per common share and add shareholder value by moving our core assets towards feasibility".      http://money.cnn.com/news/newsfeeds/articles/marketwire/0580873.htm

Report this comment
#8) On January 27, 2010 at 11:20 AM, woodszilla (< 20) wrote:

hey ts, i think this is from the same article you quoted last night, but i thought it was interesting:

 

The shelf prospectus filings, when made final, will allow Seabridge to make offerings of common shares up to an aggregate total of Cdn$100 million during the 25-month period that the final short form base shelf prospectus remains effective. Securities may be offered separately or together, in amounts, at prices and on terms to be determined based on market conditions at the time of sale and set forth in an accompanying shelf prospectus supplement and, subject to applicable regulations, may include at-the-market transactions, private placements, public offerings or strategic investments. The net proceeds from the sale of the securities will be used for general corporate purposes, including funding work programs at the Company's KSM and Courageous Lake projects. 

 

They want to raise $100mil canadian with equity financing over the next 25 months, which by my calculations would cause dilution of roughly 10%.  They say "any additional equity financing will only be undertaken if we are confident that it is likely to increase gold resources per common share" and they have proven the ability to constantly increase gold resources... so it really shouldn't be a bad thing.  But I feel it might weigh the stock price down in the short term.

 what do you think?

Report this comment
#9) On January 28, 2010 at 7:53 PM, topsecret10 (< 20) wrote:

Report this comment #8) On January 27, 2010 at 11:20 AM, woodszilla (43.31) wrote:

They want to raise $100mil canadian with equity financing over the next 25 months, which by my calculations would cause dilution of roughly 10%.  They say "any additional equity financing will only be undertaken if we are confident that it is likely to increase gold resources per common share" and they have proven the ability to constantly increase gold resources... so it really shouldn't be a bad thing.  But I feel it might weigh the stock price down in the short term.what do you think?      If you look at the chart on gold,all the arrows are pointing up In the longer term. I actually bought 100 shares,and I have also been nibbling on the $30 call options that expire In August. Really no telling at what price the new shares wil be offered at,It all depends on the price of gold. Considering that the dollar has been getting stronger lately,I would say that gold has held up pretty well. I am not concerned about the dilution,and I believe that It will make the company stronger In the longer term. Here Is an Interesting article that just camte over the wires,and If this actually happens,gold and stocks  would respond In kind to the up side. That said,I still believe that the underlying long term trend In gold Is up. http://www.cnbc.com/id/35129399  also, check out this research report that seems like a more than reasonable evaluation of Seabridge stock...........         http://www.seabridgegold.net/DahlmanRose-Oct28-09.pdf         TS 

Report this comment
#10) On February 26, 2010 at 12:04 PM, goldminingXpert (29.53) wrote:

Seabridge has NO proven reserves! NOT A SINGLE OUNCE! You people are getting duped. Sorry.

Report this comment

Featured Broker Partners


Advertisement