Topic: How To Invest

Hi Pat…Thanks for all your advice. What do you think of Seabridge Gold’s prospects? Thanks.

Article Excerpt

Seabridge Gold Inc., $29.81, symbol SEA on Toronto (Shares outstanding: 40.5 million; Market cap: $1.2 billion, www.seabridgegold.net), explores for gold and copper in B.C., the Northwest Territories, Oregon, Nevada and Mexico. Seabridge’s largest asset is its 100%-owned Kerr-Sulphurets-Mitchell gold/copper project, located 21 kilometres from Barrick Gold’s Eskay Creek mine in northwestern B.C. The company believes Kerr-Sulphurets-Mitchell contains 38.9 million ounces of gold and 10 billion pounds of copper. Seabridge continues to drill to expand the known deposit, and work toward completing a feasibility study. The company’s other large asset is its 100%-owned Courageous Lake gold project in the Northwest Territories. Seabridge bought this property from Newmont Mining in 2002. The company estimates that Courageous Lake contains over 7 million ounces of gold. Seabridge will need sustained high metal prices to get its proposed mines at Kerr-Sulphurets-Mitchell into production. It will also need to qualify for the necessary permits, and for construction to go smoothly. In the meantime, mine construction and operating…