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Gold/Mining/Energy : Golden Triangle
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To: klinker who wrote (186)8/16/2012 2:56:41 PM
From: decky  Read Replies (1) of 493
 
Thanks for the reply. Do they own more?

Just studying the companies in this area and was reading Seabridge report

" Commenting on the study, Seabridge Chairman and CEO Rudi Fronk said: "Our business plan from inception has been to grow gold resources and reserves while minimizing equity dilution. With an estimated 6.5 million ounces of newly defined proven and probable reserves at Courageous Lake, combined with the 38.2 million ounces of gold reserves estimated at our KSM project, we now report total proven and probable gold reserves of 44.7 million ounces. Not only does this rank Seabridge among the top ten companies in the world with respect to gold reserves, but with only 43.4 million common shares outstanding, we provide our shareholders with more than one ounce of gold reserves per common share outstanding. Furthermore, this entire reserve base is located in Canada, one of the safest and most mining-friendly jurisdictions in the world." Proven and probable reserves at KSM are estimated at 2.2 billion tonnes grading 0.55 grams per tonne gold, 0.21% copper and 2.74 grams per tonne silver."

Pretty amazing you can buy 1 ounce of gold in the ground for under 15 bucks.
1 share =1 ounce gold

Just talking to wife broker and he said they expect gold to be range bound until the new year.
He wasn't that convincing.
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