+ Watch SA
on My Watchlist
A development stage company engaged in the acquisition, exploration and development of mineral properties.
Seabridge Gold (SA) clsoed at $14.17 on 2-15-13 and is the owner of what could be the largest undeveloped gold, copper and silver deposit currently known to exist in the world.My calculations indicate that, based on a conservative current metal price, SA has a property containing approximately $100 billion worth of metal in the ground and the business is currently valued at only $650 million. Now, part of the reason for this massive differnce is that this deposit is in a remote location in Canada and it will be very expensive to build a mine and the processing facility for the ore. Also, this is what is know as a low grade deposit in regard to the gold and silver which means a lot of rock has to be processed to acquire a small amount of gold. However, a great deal of the processing cost should be offset through the sale of the massive amount (8-10 billion pounds) of copper projected to be contained within the property.While this business is not for the faint of heart and does involve more risk than I normally take, I believe the risk/reward ratio at this price level is compelling. I believe this stock could rise to over $100/share in the next two to three years.
Gold play, belief they will monetize assets with next 18 mos.
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.
A lot of gold in the ground. Like seriously, a lot. A glacier receded to reveal one of the largest (albeit low grade) deposits of gold/copper/silver in the world. Its called KSM.
gold is stupid
"Seabridge’s explicitly advertised and promoted investment premise is that it is a “call option” on the future price of gold. Citron believes this premise is utterly false.Aside from all the background noise about stock promotions, Seabridge investors invest in the stock because they hope it will rise in value as the price of gold rises. As the company has told them, it is a levered play on gold.But the price of Seabridge stock is not tied to the price of gold, it is tied only to the supply and demand for Seabridge shares. That places shareholder returns squarely dependent not upon the price of gold, but upon the actions of management and insiders. This is precisely why the past activities of Seabri"dge’s insiders are so troubling. "http://www.citronresearch.com/index.php/2010/03/01/seabridge-gold-amexsa-%E2%80%93why-the-majors-are-saying-no-while-wall-st-is-saying-yes/#more-421
Real estate that may rise in value must have more to support it than a flawed government bailout. It must have intrinsic value such as the various mining operations in Canada. SA is a bit more speculative in that the potential is great but it needs time and partners to truly become a great investment. 42% of the stock is owned by institutional investors, suggesting that the potential is real and not just an empty promise.
Basically they own the equivalent of California's gold coast before it was developed. The risk is that they are not smart enough to make good partnerships with bigger miners, who can turn the potential into profits.
This stock is junk fluff. Short it or dump it.
Look out for this one in the next year or two...forget their huge gold reserves...they have BILLIONS of pounds of copper as well; they just need someone with money to put in the infrastructure to get the job done. The resources are there; I wonder who has cash right about now.... anyone in the mood for Chinese food?
This is a good buying opportunity, oversold.
Just adding some gold to my picks. Don't rely on me to make these kinda calls (there is plenty of gold bugs on this board already...)
Stock will fall back around the 18.50 area. Tech Indicators show that the stock moved up way to quick...!! Great "Put" play..! I'd lock in for a 6 month window just to be safe..! But I'm thinking you'll see the move around October, November.
Major gold in the ground...takeover coming
High gold reserves, low cost development potential, could be good candidate for buyout.
When they release their report (Feb 09)of the drillings they made in the summer this one should pop to around $30 or so. I have a feeling that the report will show a huge reserve and with Gold prices rising SA is a good spec play on Gold
I expect to ses a rally in commodities early in 2009.
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