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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: mt_mike who wrote (52167)	5/28/2002 2:09:28 PM
From: Jim Willie CB	Respond to of 65232

SEA.V on Toronto Exch, same as SEABF by US investors you see the close for Monday, down a tad you wont find intraday quotes on it from American broker websites it is up 25% day the quote you see is yesterday heading to 20's very quickly SEABF is a hyper option call on the gold price with a loose strike price of 360-380 but without any specific expiration date 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 / Jim

To: mt_mike who wrote (52167)	5/28/2002 2:27:59 PM
From: Jim Willie CB	Read Replies (3) \| Respond to of 65232

notes from talk just now with gold/silver coin dealer he expects gold to pull back slightly from 325 my TA chartist view is pullback from 335 he said it is now written in stone: Barrick will announce bankruptcy before Christmas JPMorgan will be revealing a blownup derivative desk before Christmas the fallout from Barrick bankruptcy will be to restrict supply since operations will be interrupted during court oversight numbskull arrogant Barrick is the biggest NoAmerican producer the few remaining heavily hedged miners will get their nuts cut off before they disclose their corrosive hedge books and HUI will further diverge from XAU the XAU might even turn flat, which will make wonderful press ABX makes up 35% of XAU index, so XAU should drop 35% soon oodles of shareholder lawsuits for mismanagement of hedge books the consequence from JPMorgan blowup will be to ignite investor demand and to bring full attention to the suppression of gold that prevailed for over a decade following this blowup will be calls for govt bailouts as risks will rise for the entire EastCoast banking system we might well see the linkage fallout on the shorterm interest rate connection with gold suppression that Greenspan and Lindsay write about by that I mean, higher shorterm interest rates which would torpedo both stocks and corporate earnings this all should bring new earthquakes to investor confidence correct me if I am wrong, but JPMorganChase is the biggest bank in the world but more importantly, I expect it will expose JPMorgan's corrupt relationship with the US Federal Reserve and calls from Congress might surface on clear disclosure of the national gold reserve status I believe 50% of our US Gold Reserves have been sold this serves as collateral to the US $6,000,000,000,000 Treasury debt thus a scandal at the US Federal Reserve doorstep by this time, I expect gold to surpass $400 easily and the Recession with Inflation scenario will be widely accepted as The Perfect Storm unfolds / Just A Jackass