Seabridge seabf sea.v -- Goldmine in the Making Message Board

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Gold/Mining/Energy : Seabridge seabf sea.v -- Goldmine in the Making

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To: marynell who wrote (1)	5/28/2002 2:49:38 PM
From: Jim Willie CB	Read Replies (3) of 35

me too, gold heading past 400 easily by next winter by then Barrick will be bankrupt and JPMorgan might well be teetering near bankruptcy this SEABF is a hyper option call on the gold price strike price is loosely 360-370 an indefinite expiration date my targets are: July1st - $8/share September1st - $28/share December1st - $38/share Jan2004 - $88/share Jan2005 - $128/share we are heading to 20's very quickly as perception and expectation that gold will rise past 380 becomes hardened, then Seabridge will benefit from the transition from a holding company of stalled gold mine to an operator of gold mine producers the transition must bring about a 10-15 fold rise in the stock price I expect by autumn, that appreciation will have been realized there is no foreign risk, since all mines are in NorthAmerica there is no risk for dry holes, since all mines were in operation producing gold until the gold price was pushed down corruptly below 340-370 there is no additional research, exploration, assay cost, since $100M had already been spent by previous liquidated owners this stock must get to the twenties quickly its chart should resemble an "S Curve" sweeping up to its true value with a viable gold price the value of its gold reserves is now approx 80-90 times its current market cap the typical multiple is about 3-5x the Tundra Mine acquisition announced Friday convinces me that SEABF will eventually reach $100/share probably by 2005 or sooner Tundra was negotiated to result in an increase by 75% in gold reserves, while equity shares rise by 22% brilliant management / jim

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