"Seabridge Gold, Inc. (NYSE:SA) should head towards $12.8 per share according to 2 Analysts in consensus. However, if the road gets shaky, the stock may fall short to $12 per share. The higher price estimate target is at $14 according to the Analysts."
"Seabridge Gold (TSE:SEA) insider Financial Corporation Fcmi bought shares of the company's stock on the open market in a transaction that occurred on Thursday, May 28th. Financial Corporation Fcmi also recently purchased stock on May 29th, May 20th, May 21st, May 22nd and May 15th."
"This past week Seabridge announced their 2015 exploration plans at KSM. With the summer drilling program starting soon, the company looks to conclude a three year effort which has yielded significant higher grade results. Rudi Fronk, Chairman and CEO, noted that ?We believe we have left the best to last. The potential under Mitchell has been our top exploration target for more than four years.?
With the company fully funded through 2015, anticipation grows with June?s program at the Mitchell deposit. It contains the largest porphyry on the project, already containing 1.4B tonnes of gold-copper. The Deep Kerr work program will focus on expanding the block cave shapes and its potential for significant economic benefit to the project. At Iron Cap, plans are to seek the limits of the Lower Zone deposit."
"As of September 30, 2014, the KSM project had proven and probable reserves of 38.2 million ounces of gold, 10 billion pounds of copper, and 191 million ounces of silver, while the Courageous Lake project had proven and probable reserves of 6.5 million ounces of gold. This ranks Seabridge among one of the world?s top gold companies in terms of reserves.
Compared to its peers in the gold industry, Seabridge offers investors substantially more in gold reserves per share, as well as a significantly lower enterprise value per ounce of gold. This produces an incredible value to investors not only in terms of the amount of reserves represented by each share but also by the low price an investor has to pay for those reserves."
"SEABRIDGE GOLD hit a MAJOR milestone in December when Canada's Ministry of Environment approved its massive
KSM project in British Columbia. The positive decision ends an environmental assessment program that started back in early 2008, and opens the way for development of one of the world's largest undeveloped gold and copper deposits.
The news further de-risks the project and will help Seabridge find a partner to build the mine. The company has already made it clear it does not intend to build the mine alone."