Seabridge Gold, Inc. (USA) (AMEX:SA)

ellipsoid (76.38) Submitted: 12/12/2011 3:09:15 PM : Start Price: $21.38 SA Score: -19.36

Seabridge Gold has several catalysts that should propell the stock higher in the next 12 to 24 months. They have one of the largest gold deposits in Canada and hope to sell to a major gold producer. However, it is unlikely that a major will invest until permiting has been completed. Permiting should be submitted for approval in the 3rd quarter of 2012 and if approved, I belive a sale of SA should follow in the next several quarters. SA is sitting on 40 million ounces of gold and they only have approximately 40 million shares outstanding. Currently, that values the gold in the ground at only $21 dollars per ounce. Typical companies in this space and stage of development have sold for $100 dollars per ounce. If permiting is successful this could be a 4 to 5 bagger from today's prices. If gold continues its rise to higher levels, SA could be sold for even more.