Stockminder
8年前
Canadian Government Issues Key Authorization for KSM’s Tailings Management Facility
TORONTO, June 27, 2017 (GLOBE NEWSWIRE) -- Seabridge Gold Inc. (TSX:SEA) (NYSE:SA) announced today that the Government of Canada has issued a regulatory amendment to Schedule 2 of the Metal Mining Effluent Regulations (MMER) under the Fisheries Act for Seabridge’s KSM Project located in northwestern British Columbia. The amendment authorizes certain natural water bodies frequented by fish for use in a Tailings Management Facility (TMF).
The regulatory amendment, which required a change in Canadian law, approves the construction of KSM’s TMF subject to strict bonding and fishery habit compensation requirements which were identified during the three year amendment review process. In the KSM Project design, the TMF is located in the upper tributaries of Teigen and Treaty Creeks which form part of the Nass River drainage. The TMF will store the Project’s ore-processing by-products in order to minimize environmental impacts downstream.
Seabridge Gold Chairman and CEO Rudi Fronk commented: “Receipt of this amendment represents a significant permitting milestone for KSM, equivalent in many ways to our receipt of environmental assessment approvals from the Provincial and Federal Governments in 2014. This approval further validates that KSM’s TMF is well-designed and environmentally responsible,” Fronk said.
“I am grateful to the Government of Canada for its support and I would like to express our appreciation and thanks to the Minister of Environment and Climate Change Canada and her technical team for reviewing and approving our regulatory amendment application. I would also like to acknowledge the Nisga’a and the Tahltan Nations, the Gitanyow First Nation and other government regulators whose thoughtful input further strengthened our TMF design and ultimately contributed to the successful conclusion of this significant amendment review process.”
Seabridge Gold holds a 100% interest in several North American gold resource projects. The Company’s principal assets are the KSM and Iskut properties located near Stewart, British Columbia, Canada and the Courageous Lake gold project located in Canada’s Northwest Territories. For a breakdown of Seabridge’s mineral reserves and resources by project and category please visit the Company’s website at http://www.seabridgegold.net/resources.php.
Neither the Toronto Stock Exchange, New York Stock Exchange, nor their Regulation Services Providers accepts responsibility for the adequacy or accuracy of this release.
All reserve and resource estimates reported by the Corporation were calculated in accordance with the Canadian National Instrument 43-101 and the Canadian Institute of Mining and Metallurgy Classification system. These standards differ significantly from the requirements of the U.S. Securities and Exchange Commission. Mineral resources which are not mineral reserves do not have demonstrated economic viability.
This news release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding mineral reserves and resources of the Company and the potential economic benefits of the Project are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's plans or expectations include regulatory issues, market prices, availability of capital and financing, general economic, market or business conditions, timeliness of government or regulatory approvals and other risks detailed herein and from time to time in the filings made by the Company with securities regulators. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.
ON BEHALF OF THE BOARD
"Rudi Fronk"
Chairman & C.E.O.
For further information, please contact:
Rudi P. Fronk, Chairman and C.E.O.
Tel: (416) 367-9292 • Fax: (416) 367-2711
Email: info@seabridgegold.net
Source: Seabridge Gold Inc.
Stockminder
8年前
Seabridge Gold Completes Acquisition of Snowstorm Project
TORONTO, June 07, 2017 (GLOBE NEWSWIRE) -- Seabridge Gold Inc (TSX:SEA) (NYSE:SA) announced today that it has completed the acquisition of a 100% interest in the Snowstorm Project from PFR Gold Holdings, LP (“PFR”) (formerly known as Paulson Gold Holdings, LP). The Snowstorm Project consists of 31 square miles of land holdings strategically located at the projected intersection of three of the most important gold trends in Northern Nevada: the Carlin Trend, the Getchell Trend and the Northern Nevada Rift Zone (see attached map).
Seabridge completed the acquisition by purchasing all of the outstanding shares of the private company that owns a 100% interest in the Snowstorm Project in exchange for issuing PFR 700,000 Seabridge common shares plus 500,000 common share purchase warrants exercisable for four years at $15.65 per share. In addition, Seabridge has agreed to pay PFR (i) a conditional cash payment of US$2.5 million if exploration activities at Snowstorm result in defining a minimum of five million ounces of gold resources compliant with National Instrument 43-101; and (ii) a further cash payment of US$5.0 million on the delineation of an additional five million ounces of gold resources. Canaccord Genuity Corp. acted as financial advisor to PFR on this transaction.
The Snowstorm property consists of 700 mining claims and 5,800 acres of fee lands carefully assembled in a private company over a 15 year period and explored over the past 10 years. Seabridge has staked an additional 260 claims totaling 5,200 acres that are contiguous to the claims purchased from PFR. The Snowstorm acquisition also includes an extensive package of data generated by previous operators. Although potential targets are hidden under Tertiary cover, the existing data supports the project’s outstanding exploration potential. Geological and geochemical evaluations of Snowstorm have documented hydrothermal alteration zones consistent with large Northern Nevada deposit types. Geophysical surveys have confirmed the structural settings which host large Northern Nevada deposit types. Limited drilling has demonstrated that some of the target areas are at a depth amenable to surface exploration and resource delineation.
Snowstorm is contiguous and on strike with several large, successful gold producers including the Getchell/Turquoise Ridge Joint Venture operated by Barrick Gold, Newmont Mining’s Twin Creeks and Klondex Mines’ Midas operations.
Commenting on the deal, Paulson & Co.’s President John Paulson stated: “We chose Seabridge as the best home for the Snowstorm project because they share our vision of the project’s geologic potential and their exploration team has done an outstanding job of growing the resources and reserves on their existing projects. Moreover, Seabridge’s projects, particularly KSM, provide us with significant leverage to a higher gold price.”
Seabridge Chairman and CEO Rudi Fronk said: “We are very pleased to gain Paulson & Co. as a shareholder. The Paulson team has a deep understanding of our business and the opportunities that lie ahead. We look forward to their advice and assistance as we grow the value of our Company. Seabridge has been an industry leader in finding additional gold resources over the past decade. For some time now, we have been looking for a large-scale asset in Nevada which remains one of the world’s best environments for finding large gold deposits. The Snowstorm acquisition accomplishes this objective. This project has all the earmarks of an outstanding exploration play and we appreciate the opportunity to capitalize on its exceptional potential.”
A location map accompanying this announcement is available at: http://www.globenewswire.com/NewsRoom/AttachmentNg/ebf99500-bb65-4d36-83aa-e4f4e2081353
The common shares and warrants issued to acquire the Snowstorm Project, and any shares issued upon exercise of the warrants, are subject to a hold period in Canada which expires on October 7, 2017.
Seabridge Gold holds a 100% interest in several North American gold resource projects. The Company’s principal assets are the KSM and Snip Gold properties located near Stewart, British Columbia, Canada and the Courageous Lake gold project located in Canada’s Northwest Territories. For a breakdown of Seabridge’s mineral reserves and resources by project and category please visit the Company’s website at http://www.seabridgegold.net/resources.php.
All reserve and resource estimates reported by the Corporation were calculated in accordance with the Canadian National Instrument 43-101 and the Canadian Institute of Mining and Metallurgy Classification system. These standards differ significantly from the requirements of the U.S. Securities and Exchange Commission. Mineral resources which are not mineral reserves do not have demonstrated economic viability.
This news release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding the location of the projected intersection of the Carlin Trend, the Getchell Trend and the Northern Nevada Rift Zone lying on the Snowstorm Project and the exploration potential of the Project, including the conclusions of the geological, geochemical and geophysical evaluations and past drilling, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's plans or expectations include regulatory issues, market prices, availability of capital and financing, general economic, market or business conditions, timeliness of government or regulatory approvals and other risks detailed herein and from time to time in the filings made by the Company with securities regulators. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.
ON BEHALF OF THE BOARD"Rudi Fronk"
Chairman and C.E.O.
For further information, please contact:
Rudi P. Fronk, Chairman and C.E.O.
Tel: (416) 367-9292 · Fax: (416) 367-2711
Email: info@seabridgegold.net
Source: Seabridge Gold Inc.
Stockminder
8年前
Seabridge Gold to Acquire Snowstorm Project
Tuesday, 14th February 2017
Seabridge Gold Inc. (TSX: SEA) (NYSE:SA) announced today that it has entered into a letter of intent setting forth the terms under which it has agreed to purchase a 100% interest in the Snowstorm Project from Paulson Gold Holdings, LP ("Paulson"). The Snowstorm Project consists of 31 square miles of land holdings strategically located at the projected intersection of three of the most important gold trends in Northern Nevada: the Carlin Trend, the Getchell Trend and the Northern Nevada Rift Zone (see map below).
The Letter of Intent contemplates that Seabridge will acquire all of the outstanding shares of the private company that owns a 100% interest in the Snowstorm Project. Consideration agreed to be paid to Paulson is: (i) 700,000 Seabridge common shares; (ii) 500,000 common share purchase warrants exercisable for four years at $15.65 per share; (iii) a conditional cash payment of US$2.5 million if exploration activities at Snowstorm result in defining a minimum of five million ounces of gold resources compliant with National Instrument 43-101; and (iv) a further cash payment of US$5.0 million on the delineation of an additional five million ounces of gold resources. The letter of intent is non-binding and closing of the transaction is subject to completion of further review of the private company's affairs and a definitive agreement and receipt of stock exchange approvals. Paulson has agreed to a 60-day exclusivity and non-solicitation period to allow the parties to complete further review and settle a definitive agreement. Canaccord Genuity Corp. acted as financial advisor to Paulson on this transaction.
The Snowstorm property consists of 700 mining claims and 5,800 acres of fee lands carefully assembled in a private company over a 15 year period and explored over the past 10 years. The Snowstorm acquisition also includes an extensive package of data generated by previous operators. Although potential targets are hidden under Tertiary cover, the existing data supports the project's outstanding exploration potential. Geological and geochemical evaluations of Snowstorm have documented hydrothermal alteration zones consistent with large Northern Nevada deposit types. Geophysical surveys have confirmed the structural settings which host large Northern Nevada deposit types. Limited drilling has demonstrated that some of the target areas are at a depth amenable to surface exploration and resource delineation.
Snowstorm is contiguous and on strike with several large, successful gold producers including the Getchell/Turquoise Ridge Joint Venture operated by Barrick Gold, Newmont Mining's Twin Creeks and Klondex Mines' Midas operations.
Commenting on the deal, Paulson & Co.'s President John Paulson stated: "We chose Seabridge as the best home for the Snowstorm project because they share our vision of the project's geologic potential and their exploration team has done an outstanding job of growing the resources and reserves on their existing projects. Moreover, Seabridge's projects, particularly KSM, will provide us with significant leverage to a higher gold price."
Seabridge Chairman and CEO Rudi Fronk said: "We are very pleased to gain Paulson & Co. as a shareholder. The Paulson team has a deep understanding of our business and the opportunities that lie ahead. We look forward to their advice and assistance as we grow the value of our Company. The Snowstorm Project has all the earmarks of an outstanding exploration play in one of the world's best environments for finding large gold deposits. We appreciate the opportunity to capitalize on its outstanding potential."
Seabridge Gold holds a 100% interest in several North American gold resource projects. The Company's principal assets are the KSM and Snip Gold properties located near Stewart, British Columbia, Canada and the Courageous Lake gold project located in Canada's Northwest Territories. For a breakdown of Seabridge's mineral reserves and resources by project and category please visit the Company's website at http://www.seabridgegold.net/resources.php.
All reserve and resource estimates reported by the Corporation were calculated in accordance with the Canadian National Instrument 43-101 and the Canadian Institute of Mining and Metallurgy Classification system. These standards differ significantly from the requirements of the U.S. Securities and Exchange Commission. Mineral resources which are not mineral reserves do not have demonstrated economic viability.
This news release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding the completion of the acquisition of the Snowstorm Project, the location of the projected intersection of the Carlin Trend, the Getchell Trend and the Northern Nevada Rift Zone lying on the Snowstorm Project and the exploration potential of the Projectare forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's plans or expectations include regulatory issues, market prices, availability of capital and financing, general economic, market or business conditions, timeliness of government or regulatory approvals and other risks detailed herein and from time to time in the filings made by the Company with securities regulators. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.
ON BEHALF OF THE BOARD
"Rudi Fronk"
Chairman and CEO
Rudi P. Fronk, Chairman and CEO
Tel: (416) 367-9292 · Fax: (416) 367-2711
Email: info@seabridgegold.net
tootalljones
9年前
TGR: Even though KSM is the world's largest undeveloped gold-copper project, Seabridge continues to explore aggressively. Why?
RF: Not because we are simply adding more of the same material we have already as reserves. Adding mine life at the same grade as our existing resource beyond our projected 55-year operating horizon would make no difference to our economic projections.
What our recent exploration has achieved is the addition of nearly 1 Bt at Deep Kerr and Lower Iron Cap containing over 11 Moz gold and 10 Blb copper at grades 50–100% higher than our existing reserves. This new material will allow us to modify the KSM mine plan by bringing forward higher-grade material, improving the economics and making KSM that much more attractive to a suitable partner.
TGR: How much working capital does Seabridge have and how much debt, if any?
RF: We have no debt. Seabridge is debt adverse. We recently announced a $14.6M non-brokered financing, which was taken up by two of our largest shareholders. That will increase our working capital to over $20M, enough to carry us well into 2017.
Many juniors worry about their ability to finance. Because we've stayed on message and on course with our shareholders over such a long period of time, we've always been able to raise money when needed to fund operations and exploration.
TGR: What are your plans for Courageous Lake? How far is that project from a feasibility study?
RF: We completed a prefeasibility on Courageous Lake in 2012 showing a robust project at higher gold prices. The gold price since then has fallen dramatically, so we recognized that KSM was the better project to advance first. That said, Courageous Lake holds 6.5 Moz P&P on only 2 kilometers within a 52-kilometer greenstone belt. There are known gold showings up and down its entirety, and there are two historic mines on the property that produced at better than one ounce per ton.
We will begin to advance Courageous Lake after it becomes clear that the gold market is again moving into a bull market.
TGR: You mentioned a potential joint venture (JV) partner to help with KSM's $5.3 billion capex. How is this search progressing?
RF: Slowly. We have been upfront about the fact that KSM is too large for Seabridge alone from both the technical and financial aspects, especially considering that since 2011, the market environment has not been kind to large projects, both on the precious metals and base metal sides.
KSM, however, has now received its environmental approvals and has added a significant higher-grade resource. These advances have strengthened our position considerably. About 10 of the world's largest gold and base metal miners are now conducting due diligence on KSM under confidentiality agreements. If we can achieve the objectives we seek in a JV, we'll do a deal. If that proves impossible in the current depressed environment, we will continue to derisk and await improved market conditions. We have no doubt, however, that KSM will be developed as the largest mining project ever built in Canada.
TGR: You already have an option agreement with Royal Gold Inc. (RGLD:NASDAQ; RGL:TSX).
RF: Yes. Royal Gold invested $48M in Seabridge with the purchase of 2M shares at an average price of about $24 per share, a 15% premium to the then market price. We then invested that cash to advance KSM. Royal now holds an option to buy a 2% royalty on KSM's gold and silver, not its copper or molybdenum. To exercise that option, Royal would have to pay Seabridge $160M in cash.
TGR: Are you considering any streaming arrangements?
RF: Not at this time. Should we sign a JV with a gold miner, we could use the copper under an offtake agreement or perhaps even a stream to help fund a good portion of the upfront capex to build the mine. Under such an arrangement, Seabridge and its JV partner would keep the entire gold exposure. Alternatively, should we sign a JV with a base metals miner, it might be realistic for Seabridge's retained interest in KSM to be in the form of a stream on the gold produced there. That would allow us to put up no capital going forward and buy physical gold from KSM at a meaningful discount to the prevailing spot gold price.
TGR: At a time when so many gold juniors are hitting 52-week lows, Seabridge hit a 52-week high Oct. 28. How much growth remains in Seabridge shares?
RF: As someone who has more than 90% of his net worth tied up in Seabridge shares, I believe a great upside still exists. I also believe we will continue to see insider purchases. During the last two upcycles in gold, Seabridge common shares reached nearly $40, significantly outperforming most other gold equities.
tootalljones
9年前
with Seabridge, a shareholder gets an ounce of gold, currently selling at 1220, for less than a dollar, albeit in the ground, but remember, the KSM property is fully permitted. IMHO, and more importantly the opinion of others, the value here dwarfs what you get with Novagold, as a for instance.
All it needs is feasible money to build it, calculated at around 5 billion dollars, to get who knows how much future production: far over 100 billion dollars for sure.
Some say just sell it to a major and take back a gold stream, which would push this stock up to the heavens, ....
and as the POG ascends, push the share price to the moon.
I would be very worried, if I were SA, about a takeover. A giant miner simply comes in, buys them out for 25 bucks, and keeps all production for themselves. 25 bucks is a lousy 1 billion dollars.
These considerations, in my view, will become increasingly critical over the course of this year, as...
1. the gold bull swings into gear in earnest.
2. the company releases its new assessment next month incorporating the 2015 drill results.
3. the company issues its revised new feasibility report due in September, which is not very far away.
right now insiders are buying a lot more shares.
tootalljones
9年前
In reviewing slide 8, where actually, at the height of the gold bull SA hit a share price of 43 bucks a share, the question is now whether SA is a better company than it was during the last (or first segment) of the Gull Bull market?
In a word, it is light years ahead of where it was back then. If this second half of the bull does what I think it will, and follows the path of prior gold bull markets, we are in for one helluva ride. We are looking at gold POG 3000, give or take.
As an option on gold, the price of SA will be well on its way to 3 figures, before it is definitely bought out.
In any case, it’s clear a light-year is a vast expanse. Over a year, light travels 5.87849981 x 1012 miles (roughly 9.4605284 x 1012 kilometers.) Written out, that’s 5,878,499,810,000 miles or 9,460,528,400,000 kilometers.
tootalljones
9年前
FCMI continues large insider buying
TORONTO , Feb. 25, 2016 /CNW/ - FCMI Parent Co. ("FCMI Parent") announced today that it has acquired an additional 89,300 common shares of Seabridge Gold Inc. ("Seabridge") representing 0.17% of the outstanding common shares. The common shares were acquired at an average price of US$8.96 per share through the facilities of the New York Stock Exchange. Since the date of its last filing, FCMI Parent together with its affiliates, have now acquired an aggregate of 1,052,035 common shares of Seabridge at an average price of US$7.70 per common share, representing 2.02% of the outstanding shares.
As a result of these acquisitions, FCMI Parent now beneficially owns 2,932,682 common shares representing 5.63% of the outstanding common shares. FCMI Financial Corporation and Pan Atlantic Bank and Trust Limited, affiliates of FCMI Parent, own 694,042 common shares and 6,254,432 common shares, respectively, representing 1.33% and 12.01% of the outstanding common shares. In addition, principals of the Friedberg Mercantile Group Ltd., including Albert D. Friedberg and Nancy Friedberg , and their foundations own in the aggregate 322,525 common shares representing 0.62% of the outstanding common shares. FCMI Parent is ultimately beneficially owned and controlled by Albert D. Friedberg and members of his immediate family. Together, FCMI Parent and its affiliates beneficially own 10,203,681 common shares of Seabridge representing 19.59% of the outstanding common shares.
SOURCE FCMI Parent Co.
tootalljones
9年前
when a bull market resumes or breakouts or comes back to live, what is funny is that people simply do not know what to do.
and I am not just saying retail, I am saying funds and tutes.
they sit with their thumb up their arse, looking at the people to their right and their left.
Reminds me of that great scene from the good the bad and the ugly, when eli wallach, is in the bathtub, in a bubble bath, and a guy who has been hunting him, bursts into the room, with a gun pointed at Wallach's chest. The guy then starts telling Wallach how much he despises him for murdering his family, and how good it is now going to feel killing Wallach.
Wallach then immediately shoots him........ as he has a gun under the bubbles.
Wallach, "If you are gonna talk, talk, but if you are gonna shoot, then shoot."
This is what investors in america are doing: absolutely nothing but watching in fear.
NOT ME. The world wants gold badly, even if america is living out its death throes in a pipe dream.
Belek
9年前
current comments on SeaBridge Gold- SA from self-Made Millionaire
Probably the most interesting position in our Tracking Portfolio this month has been
our long-time favorite, Seabridge Gold (SA). As we mentioned above, gold prices are
currently trading just above their six-year low. Seabridge Gold, while it has experienced
a pullback with falling gold prices, has actually held up quite well.
The results from this year’s drilling program have been coming out in bits and pieces
and they have far exceeded expectations. The (50) CALL OPTIONS we purchased at the
end of July are currently showing an unrealized gain of 338.90% in just under four
months.
You will recall that we made an exception to our long-standing admonition against
BUYING options in this case because we so strongly believed there was no way the stock
would not reflect a more realistic valuation over the 18-month life of the option contract.
This was a very rare opportunity and there are times when one must simply act because
a reward/risk ratio is too good to ignore. We currently rate this position as a HOLD. If
you were brave enough to join us in this position, please continue to hold these options
for more gains to come.
If you did not buy these options back in August, please do not buy them at this time.
When we opened this position, I believed we had the real chance to make 10 to 20 times
However, with these options currently trading at $3.99/share the potential return no
longer justifies the risk of buying options. If you missed out on this one, please
do not try to play catchup now.
If you are in this position with us, hold on for what could end up being one
of the great trades of your life!However, if we sell these options, we
STONGLY SUGGEST YOU DO THE SAME IMMEDIATELY.
We continue to rate Seabridge Gold as a “STRONG BUY” even though it is up almost
100% in about 3 months!We still retain our buy up to price of $10.00/share and
maintain our long-term price target of $45-$84/share. We believe there is still a LOT of
money to be made in this stock for those who have the patience to wait for it.
Belek
9年前
here was one of his buy recommendations July 30, 2015
today its worth,$19,950.00, I'l try and post some more later.
========================================================================
Today we entered and executed an order to buy to open (50) call options
covering 5,000 shares of Seabridge Gold (SA) with a strike price
of $5.00, an expiration of January 20, 2017 and a limit price of
$0.90/share. We paid a total premium of $4,545.45 or
$0.90909/share. Buying these option contracts give us the right, but not the obligation, to purchase up to 5,000 shares of Seabridge Gold stock in 100 share lots for
$5.00/share at any time between now and January 20, 2017.
Including the premium paid for these options with the $5.00 strike price gives us a
break-even point of $5.91/share on the trade. Any amount Seabridge’s share price rises
above $5.91 will represent a profit on the trade of approximately 1.1% for every $0.01
above $5.91 the stock rises.
If Seabridge Gold simply returns to equal its previous 52-week high price of $11.64, our
options will be worth at least $6.64 and we will have a minimum profit of $5.73/share,
or 529% on our $0.91 purchase price. This outcome would turn our $4,545.45
investment into $28,650.00.
If by some chance, the stock were to reach the lower end of my current fair value
estimate of $45/share for the stock, our profit would be 39.09/share or 4,295% on our
$0.91/share investment used to purchase these options. This highly unlikely outcome
would turn our $4,545.45 investment into $195,450.00!
These kinds of numbers are the reason that so many people are willing to gamble buying
options. Our downside risk here is that SA stock will continue to languish over the next
18 months and we will lose our capital. However, I am willing to make this very
speculative investment because of the knowledge I have of Seabridge Gold and their
management and properties. Also, my firm belief that the price of gold is artificially low
at this time, reinforces my confidence in higher prices for shares of SA in the near,
intermediate and long-term.
This sort of position should only be opened with money you can easily afford to lose. It
is not the type of position I will take very often as I do not normally enter positions
where I know there is a real possibility of 100% loss. Having said that, I don’t often
come across opportunities where I believe I have a legitimate shot at a 1,000% return
either and a share price of $14.91 would produce that return in this case and deliver it in
18 months.
Best regards and better profits,
Ken
Belek
9年前
everything here is quoted from his newsletters..
Seabridge Gold
However, we have begun to see something very interesting happen over the past few weeks. The stocks of our resource
related businesses have started to move higher at a much more rapid pace than the underlying commodities with which
they are involved.
I find this to be encouraging because I had been told by Seabridge’s CEO, Rudi Fronk, to expect a
recovery in share prices to lead a recovery in the actual underlying commodity prices.
Speaking of Seabridge Gold, the news has been good, better and excellent. When I saw the initial results of the first holes
from the 2015 drilling program, I was so shocked I called Mr. Fronk to ask if I was reading them correctly. They appeared
to be THAT good to me. Rudi’s response to me was: “These results are nothing short of spectacular!”
While the share price did not explode higher on this news, it did seem to put a floor under the stock price. Since that time,
the share price has caught fire and actually peaked at just over $9.50/share before weak gold prices and some profit taking
in the market pushed it back down to $8.17 on Friday.
Our original position in SA, which we have been holding since the beginning of Maggie’s Money Mountain has produced
an annualized return of 7.7% over the life of the holding and our second tranche of shares has produced an annualized
return of 13.91% since we acquired those shares.
We expect the misguided policies of the U.S. government to ignite inflation and ultimately destroy the real value of the
U.S. dollar. In our view, owning gold and copper in the ground is an excellent way to hedge against this outcome.
We continue to rate Seabridge Gold (SA) as a STRONG BUY up to $10.00/share. We also maintain our longterm
target price range on the stock at $45.00 to $84.00/share.
We believe the current price represents an excellent point at which to open a position for any readers who do not currently
have one.
U
Seabridge Gold (SA)
Seabridge Gold continues to be the stock I love that the market loves to hate. I hope everyone has had an opportunity to
listen to our latest interview with the CEO, Rudi Fronk, that we conducted a few weeks ago. We always like to speak to
Rudi as he tends to be one of the most accessible and candid CEOs to whom I have ever spoken.
The drilling program this year will continue to expand the resources on the property with the higher grades that have been
discovered at Deep Kerr and the new copper being found is changing the overall project metrics from what was a gold
discovery to one that is now attracting the attention of the major base material miners around the world.
Other than the brutal bear market in gold, copper and silver prices that we have experienced over the last 4 years, there is
no reason for Seabridge’s share price not to be much higher than where it sits today. During its recent collapse to under
$4.00/share, I was adding to my personal holdings in the stock. We continue to believe this is one of the best
opportunities in the market today in terms of the reward/risk ratio and we believe the business is currently valued at a
ridiculously low price.
We currently rate SEABRIDGE GOLD as a STRONG BUY up to $10.00/share. We also maintain our longterm
target price range on the stock at $45.00 to $84.00/share.
stocktrademan
9年前
$SA recent news/filings
bullish 8.00
## source: finance.yahoo.com
Fri, 13 Nov 2015 21:36:03 GMT ~ Seabridge Gold Files Third Quarter Report to Shareholders and its Financial Statements and MD&A
[at noodls] - Toronto, Canada...Seabridge Gold reported today that it has filed its Report to Shareholders, Financial Statements and Management's Discussion and Analysis for the three and nine months ended September ...
read full: http://www.noodls.com/view/4141EB084A6552BF62C77AE38DBE13C160F1F76E
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Thu, 12 Nov 2015 23:26:11 GMT ~ Third Quarter Report to Shareholders, Financials and MD&A
[at noodls] - Toronto, Canada...Seabridge Gold reported today that it has filed its Report to Shareholders, Financial Statements and Management's Discussion and Analysis for the three and nine months ended September ...
read full: http://www.noodls.com/view/B274BF4207D34A4AD4BF85B66EB549ECF80DB643
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Thu, 12 Nov 2015 23:25:41 GMT ~ Seabridge Gold reports 3Q loss
read full: http://sg.finance.yahoo.com/news/seabridge-gold-reports-3q-loss-232541061.html
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Thu, 12 Nov 2015 23:25:41 GMT ~ Seabridge Gold reports 3Q loss
read full: http://finance.yahoo.com/news/seabridge-gold-reports-3q-loss-232541068.html
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Thu, 12 Nov 2015 23:01:00 GMT ~ Seabridge Gold Files Third Quarter Report to Shareholders and its Financial Statements and MD&A
[CNW Group] - Seabridge Gold Files Third Quarter Report to Shareholders and its Financial Statements and MD&A
read full: http://finance.yahoo.com/news/seabridge-gold-files-third-quarter-230100722.html
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$SA charts
basic chart ## source: stockcharts.com
basic chart ## source: stockscores.com
big daily chart ## source: stockcharts.com
big weekly chart ## source: stockcharts.com
$SA company information
## source: otcmarkets.com
Link: http://www.otcmarkets.com/stock/SA/company-info
Ticker: $SA
OTC Market Place: Not Available
CIK code: 0001231346
Company name: Seabridge Gold Inc.
Company website: http://www.seabridgegold.net
Incorporated In: British Columbia, Canada
$SA share structure
## source: otcmarkets.com
Market Value: $387,511,008 a/o Nov 13, 2015
Shares Outstanding: 48,438,876 a/o Dec 31, 2014
Float: Not Available
Authorized Shares: Not Available
Par Value: No Par Value
$SA extra dd links
Company name: Seabridge Gold Inc.
Company website: http://www.seabridgegold.net
## STOCK DETAILS ##
After Hours Quote (nasdaq.com): http://www.nasdaq.com/symbol/SA/after-hours
Option Chain (nasdaq.com): http://www.nasdaq.com/symbol/SA/option-chain
Historical Prices (yahoo.com): http://finance.yahoo.com/q/hp?s=SA+Historical+Prices
Company Profile (yahoo.com): http://finance.yahoo.com/q/pr?s=SA+Profile
Industry (yahoo.com): http://finance.yahoo.com/q/in?s=SA+Industry
## COMPANY NEWS ##
Market Stream (nasdaq.com): http://www.nasdaq.com/symbol/SA/stream
Latest news (otcmarkets.com): http://www.otcmarkets.com/stock/SA/news - http://finance.yahoo.com/q/h?s=SA+Headlines
## STOCK ANALYSIS ##
Analyst Research (nasdaq.com): http://www.nasdaq.com/symbol/SA/analyst-research
Guru Analysis (nasdaq.com): http://www.nasdaq.com/symbol/SA/guru-analysis
Stock Report (nasdaq.com): http://www.nasdaq.com/symbol/SA/stock-report
Competitors (nasdaq.com): http://www.nasdaq.com/symbol/SA/competitors
Stock Consultant (nasdaq.com): http://www.nasdaq.com/symbol/SA/stock-consultant
Stock Comparison (nasdaq.com): http://www.nasdaq.com/symbol/SA/stock-comparison
Investopedia (investopedia.com): http://www.investopedia.com/markets/stocks/SA/?wa=0
Research Reports (otcmarkets.com): http://www.otcmarkets.com/stock/SA/research
Basic Tech. Analysis (yahoo.com): http://finance.yahoo.com/q/ta?s=SA+Basic+Tech.+Analysis
Barchart (barchart.com): http://www.barchart.com/quotes/stocks/SA
DTCC (dtcc.com): http://search2.dtcc.com/?q=Seabridge+Gold+Inc.&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information (spoke.com): http://www.spoke.com/search?utf8=%E2%9C%93&q=Seabridge+Gold+Inc.
Corporation WIKI (corporationwiki.com): http://www.corporationwiki.com/search/results?term=Seabridge+Gold+Inc.&x=0&y=0
WHOIS (domaintools.com): http://whois.domaintools.com/http://www.seabridgegold.net
Alexa (alexa.com): http://www.alexa.com/siteinfo/http://www.seabridgegold.net#
Corporate website internet archive (archive.org): http://web.archive.org/web/*/http://www.seabridgegold.net
## FUNDAMENTALS ##
Call Transcripts (nasdaq.com): http://www.nasdaq.com/symbol/SA/call-transcripts
Annual Report (companyspotlight.com): http://www.companyspotlight.com/library/companies/keyword/SA
Income Statement (nasdaq.com): http://www.nasdaq.com/symbol/SA/financials?query=income-statement
Revenue/EPS (nasdaq.com): http://www.nasdaq.com/symbol/SA/revenue-eps
SEC Filings (nasdaq.com): http://www.nasdaq.com/symbol/SA/sec-filings
Edgar filings (sec.gov): http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001231346&owner=exclude&count=40
Latest filings (otcmarkets.com): http://www.otcmarkets.com/stock/SA/filings
Latest financials (otcmarkets.com): http://www.otcmarkets.com/stock/SA/financials
Short Interest (nasdaq.com): http://www.nasdaq.com/symbol/SA/short-interest
Dividend History (nasdaq.com): http://www.nasdaq.com/symbol/SA/dividend-history
RegSho (regsho.com): http://www.regsho.com/tools/symbol_stats.php?sym=SA&search=search
OTC Short Report (otcshortreport.com): http://otcshortreport.com/index.php?index=SA
Short Sales (otcmarkets.com): http://www.otcmarkets.com/stock/SA/short-sales
Key Statistics (yahoo.com): http://finance.yahoo.com/q/ks?s=SA+Key+Statistics
Insider Roster (yahoo.com): http://finance.yahoo.com/q/ir?s=SA+Insider+Roster
Income Statement (yahoo.com): http://finance.yahoo.com/q/is?s=SA
Balance Sheet (yahoo.com): http://finance.yahoo.com/q/bs?s=SA
Cash Flow (yahoo.com): http://finance.yahoo.com/q/cf?s=SA+Cash+Flow&annual
## HOLDINGS ##
Major holdings (cnbc.com): http://data.cnbc.com/quotes/SA/tab/8.1
Insider transactions (yahoo.com): http://finance.yahoo.com/q/it?s=SA+Insider+Transactions
Insider transactions (secform4.com): http://www.secform4.com/insider-trading/SA.htm
Insider transactions (insidercrow.com): http://www.insidercow.com/history/company.jsp?company=SA
Ownership Summary (nasdaq.com): http://www.nasdaq.com/symbol/SA/ownership-summary
Institutional Holdings (nasdaq.com): http://www.nasdaq.com/symbol/SA/institutional-holdings
Insiders (SEC Form 4) (nasdaq.com): http://www.nasdaq.com/symbol/SA/insider-trades
Insider Disclosure (otcmarkets.com): http://www.otcmarkets.com/stock/SA/insider-transactions
## SOCIAL MEDIA AND OTHER VARIOUS SOURCES ##
PST (pennystocktweets.com): http://www.pennystocktweets.com/stocks/profile/SA
Market Watch (marketwatch.com): http://www.marketwatch.com/investing/stock/SA
Bloomberg (bloomberg.com): http://www.bloomberg.com/quote/SA:US
Morningstar (morningstar.com): http://quotes.morningstar.com/stock/s?t=SA
Bussinessweek (businessweek.com): http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=SA
$SA DD Notes ~ http://www.ddnotesmaker.com/SA
Stockminder
9年前
Seabridge Gold Expects This Year's Deep Kerr Drill Results to Add Resources
All five holes find excellent gold and copper grades over sizeablewidths
TORONTO, Nov. 3, 2015 /CNW/ - Seabridge Gold today announced that results from the final two core holes drilled into Deep Kerr at its 100% owned KSM Project in northwestern British Columbia continue to expand the size of a potential low cost, underground block cave mining operation at the Deep Kerr deposit. These holes generated in-fill intersections around holes K-15-49 and K-15-50 (previously reported) and down dip from the current resource limits.
The most recent holes reported here are daughter holes that re-entered K-15-49 and K-15-50 before being wedged into new intercepts of the target zone. These new holes are shallower intersections of the high-grade west limb of Deep Kerr and confirm the continuity of that zone between the existing resource and deeper intersections in holes drilled earlier this year. K-15-49B was designed to penetrate the zone about 200 meters north of K-15-49 and roughly 200 meters above that hole. K-15-50A was drilled on the same section as K-15-50 and encountered the target zone about 250 meters higher than the earlier hole. (See http://seabridgegold.net/pdf/NNov3-15-maps.pdf.)
The five drill holes completed into the west part of the Deep Kerr deposit this year were designed to establish dip continuity of the high-grade west limb of Deep Kerr. Results show that the mineralized envelope of the west limb extends more than 450 meters along strike. Down dip, the zone shows continuity of more than 400 meters with grades and widths improving at depth. The shape of this zone continues to be highly favorable to underground bulk mining as it grows in size. The zone remains open along strike and at depth and future drill tests are expected to extend it further. However, the current focus is to better understand the evident improvement of grade at depth so as to direct future drilling into the highest grade material.
In the past three years, Seabridge has successfully targeted higher grade zones beneath KSM's near-surface porphyry deposits, resulting in the discovery of Deep Kerr and the Iron Cap Lower Zone, two copper-rich deposits that to date have added nearly one billion tonnes of inferred resources to the project at a higher average grade. Furthermore, the expansion potential of the east limb of Deep Kerr has not been evaluated but remains a high value target. Exceptionally high grade intercepts found on the east limb have not been followed to depth.
Seabridge Chairman and CEO Rudi Fronk commented that "every time we drill Deep Kerr, we increase both the mineralized material in hand and the potential upside. This year, we achieved our aim of increasing the size and confirming the continuity of mineralization at our proposed block cave operation at Deep Kerr. We are confident that the results will substantially increase resources. At the same time, we also learned that grade increases at depth, especially for gold, and that we still have not found the limits of the deposit. We are also becoming more intrigued with the high grade potential of the less-explored east limb. Our focus at the moment is on enhancing the near-term value of KSM but the big picture continues to unfold in a most exciting way. The more we learn about KSM, the less we know about its limits."
3.1
Drill holes were designed to intercept the mineralized target at right angles to the strike of the zone and oriented using current and historical information. The true thickness of the mineralized zones may be refined with additional drilling but current information indicates that the intervals reported above approximate true thickness.
Exploration activities by Seabridge at the KSM Project are conducted under the supervision of William E. Threlkeld, Registered Professional Geologist, Senior Vice President of the Company and a Qualified Person as defined by National Instrument 43-101. Mr. Threlkeld has reviewed and approved this news release. An ongoing and rigorous quality control/quality assurance protocol is employed in all Seabridge drilling campaigns. This program includes blank and reference standards, and in addition all copper assays that exceed 0.25% Cu are re-analyzed using ore grade analytical techniques. Cross-check analyses are conducted at a second external laboratory on at least 10% of the drill samples. Samples are assayed at ALS Chemex Laboratory, Vancouver, B.C., using fire assay atomic adsorption methods for gold and ICP methods for other elements.
Seabridge holds a 100% interest in several North American gold projects. The Company's principal assets are the KSM Project located near Stewart, British Columbia, Canada and the Courageous Lake gold project located in Canada's Northwest Territories. For a full breakdown of Seabridge's mineral reserves and mineral resources by category please visit the Company's website at http://www.seabridgegold.net/resources.php.
All reserve and resource estimates reported by the Corporation were calculated in accordance with the Canadian National Instrument 43-101 and the Canadian Institute of Mining and Metallurgy Classification system. These standards differ significantly from the requirements of the U.S. Securities and Exchange Commission. Mineral resources which are not mineral reserves do not have demonstrated economic viability.
This document contains "forward-looking information" within the meaning of Canadian securities legislation and "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995. This information and these statements, referred to herein as "forward-looking statements" are made as of the date of this document. Forward-looking statements relate to future events or future performance and reflect current estimates, predictions, expectations or beliefs regarding future events and include, but are not limited to, statements with respect to: (i) the results at Deep Kerr being expected to add resources; (ii) the shape of Deep Kerr continuing to be highly favorable to underground bulk mining as it grows in size; (iii) future drill tests at the west limb of Deep Kerr being expected to extend it further; (iv) the east limb of the Deep Kerr deposit being a high grade potential target; (v) current information indicating that the intervals reported approximate true thickness; (iv) the estimated amount and grade of mineral reserves at a deposit; (v) the estimated amount and grade of mineral resources at the core zone deposits. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives or future events or performance (often, but not always, using words or phrases such as "expects", "anticipates", "plans", "projects", "estimates", "envisages", "assumes", "intends", "strategy", "potential", "appears", "goals", "objectives" or variations thereof or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking statements.
All forward-looking statements are based on Seabridge's or its consultants' current beliefs as well as various assumptions made by them and information currently available to them. The principle assumptions are listed above, but others include: (i) the presence of and continuity of metals at the Project at modeled grades; (ii) the capacities of various machinery and equipment and the geotechnical characteristics of the resource material and its continuity; (iii) the availability of personnel, machinery and equipment at estimated prices; (iv) exchange rates; (v) metals sales prices; (vi) appropriate discount rates; (vii) tax rates and royalty rates applicable to the proposed mining operation; (viii) financing structure and costs; (ix) anticipated mining losses and dilution; * metallurgical performance; (xi) reasonable contingency requirements; (xii) success in realizing proposed operations; (xiii) receipt of regulatory approvals on acceptable terms; and (xiv) the negotiation of satisfactory terms with impacted First Nations groups. Although management considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect. Many forward-looking statements are made assuming the correctness of other forward looking statements, such as statements of net present value and internal rates of return, which are based on most of the other forward-looking statements and assumptions herein. The cost information is also prepared using current values, but the time for incurring the costs will be in the future and it is assumed costs will remain stable over the relevant period.
By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that estimates, forecasts, projections and other forward-looking statements will not be achieved or that assumptions do not reflect future experience. We caution readers not to place undue reliance on these forward-looking statements as a number of important factors could cause the actual outcomes to differ materially from the beliefs, plans, objectives, expectations, anticipations, estimates assumptions and intentions expressed in such forward-looking statements. These risk factors may be generally stated as the risk that the assumptions and estimates expressed above do not occur, but specifically include, without limitation: risks relating to variations in the mineral content or geotechnical characteristics within the material identified as mineral reserves or mineral resources from that predicted; variations in rates of recovery and extraction; developments in world metals markets; risks relating to fluctuations in the Canadian dollar relative to the US dollar; increases in the estimated capital and operating costs or unanticipated costs; difficulties attracting the necessary work force; increases in financing costs or adverse changes to the terms of available financing, if any; tax rates or royalties being greater than assumed; changes in development or mining plans due to changes in logistical, technical or other factors; changes in project parameters as plans continue to be refined; risks relating to receipt of regulatory approvals or settlement of an agreement with impacted First Nations groups; the effects of competition in the markets in which Seabridge operates; operational and infrastructure risks and the additional risks described in Seabridge's Annual Information Form filed with SEDAR in Canada (available at www.sedar.com) for the year ended December 31, 2014 and in the Corporation's Annual Report Form 40-F filed with the U.S. Securities and Exchange Commission on EDGAR (available at www.sec.gov/edgar.shtml). Seabridge cautions that the foregoing list of factors that may affect future results is not exhaustive.
When relying on our forward-looking statements to make decisions with respect to Seabridge, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Seabridge does not undertake to update any forward-looking statement, whether written or oral, that may be made from time to time by Seabridge or on our behalf, except as required by law.
ON BEHALF OF THE BOARD
"Rudi Fronk"
Chairman & C.E.O.
SOURCE Seabridge Gold Inc.
Stockminder
9年前
Seabridge Gold Closes $14.6 Million Non-Brokered Private Placement
Seabridge Gold Inc. (the "Company") announced today that it has closed its previously announced non-brokered private placement with two of its largest shareholders who have purchased 1.8 million common shares of the Company at a price of $8.10 per share for gross proceeds of $14,580,000. Funds from the private placement will be used for general working capital requirements. FCMI Parent Co. (“FCMI”), an entity controlled by Albert D. Friedberg and members of his immediate family, purchased 1.5 million shares of the private placement.
Seabridge Chairman and CEO Rudi Fronk noted that “FCMI has been a shareholder of Seabridge since 2001 and we are grateful for their ongoing support. The proceeds from this financing are sufficient to cover Seabridge’s ongoing property holding costs and corporate G&A into 2017. Our plan is to fund exploration separately through flow-through offerings at a premium to market, if and when our board determines that further programs are warranted.”
“The 2015 exploration program at our 100%-owned KSM project successfully expanded higher grade core zones that have the potential to enhance projected economics. As in previous years, we expect this year’s program to generate additional gold resources which more than offset the share dilution required to finance the Company’s operations. Growing gold ownership per share remains a key objective for Seabridge," Mr. Fronk said.
The shares issued under this private placement are subject to a four-month hold period expiring on March 1, 2016.
Seabridge holds a 100% interest in several North American gold projects. The Company's principal assets are the KSM Project located near Stewart, British Columbia, Canada and the Courageous Lake gold project located in Canada's Northwest Territories. For a full breakdown of Seabridge's mineral reserves and mineral resources by category please visit the Company's website at http://www.seabridgegold.net/resources.php
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended, or any state securities laws and may not be offered or sold within the United States absent registration or unless an exemption from such registration is available.
Neither the Toronto Stock Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
Statements relating to the estimated or expected future production and operating results and costs and financial condition of Seabridge, planned exploration work at the Company's projects and the expected results of such work, including that the expansion of higher grade core zones have the potential to enhance projected economics and that exploration is expected to generate additional gold resources which more than offset the share dilution, are forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by words such as the following: expects, plans, anticipates, believes, intends, estimates, projects, assumes, potential and similar expressions. Forward-looking statements also include reference to events or conditions that will, would, may, could or should occur, including in relation to the timing of closing and use of proceeds from the Offering. These forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable at the time they are made, are inherently subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements, including, without limitation: the need to satisfy regulatory and legal requirements with respect to the Offering, uncertainties related to raising sufficient financing to fund the planned work in a timely manner and on acceptable terms; changes in planned work resulting from logistical, technical or other factors; the possibility that results of work will not fulfill projections/expectations and realize the perceived potential of the Company's projects; uncertainties involved in the interpretation of drilling results and other tests and the estimation of gold reserves and resources; risk of accidents, equipment breakdowns and labour disputes or other unanticipated difficulties or interruptions; the possibility of environmental issues at the Company's projects; the possibility of cost overruns or unanticipated expenses in work programs; the need to obtain permits and comply with environmental laws and regulations and other government requirements; fluctuations in the price of gold and other risks and uncertainties, including those described in the Company's December 31, 2014 Annual Information Form filed with SEDAR in Canada (available at www.sedar.com) and the Company's Annual Report Form 40-F filed with the U.S. Securities and Exchange Commission on EDGAR (available at www.sec.gov/edgar.shtml).
ON BEHALF OF THE BOARD
“Rudi Fronk”
Chairman & C.E.O.
For further information please contact:
Rudi P. Fronk, Chairman and C.E.O.
Tel: (416) 367-9292 · Fax: (416) 367-2711
Email: info@seabridgegold.net
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