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Gold/Mining/Energy : Seabridge seabf sea.v -- Goldmine in the Making -- Ignore unavailable to you. Want to Upgrade?

To: marynell who wrote (1)	5/28/2002 2:49:38 PM
From: Jim Willie CB	Read Replies (3) \| Respond to 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

To: marynell who wrote (1)	5/28/2002 2:57:19 PM
From: Jim Willie CB	Read Replies (1) \| Respond to of 35

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 / JW SilverBack Gorilla

To: marynell who wrote (1)	5/28/2002 3:01:08 PM
From: Jim Willie CB	Respond to of 35

excellent few chart and editorial websites intraday gold and silver kitco.com excellent intraday USdollar chart website quotes.ino.com excellent nearterm and longterm USdollar chart website stockcharts.com[h,a]daclyyay[dc][pb50!d20,2!f][vc60][iUb14!Uh15,5,5]&pref=G excellent gold and silver editorial website gold-eagle.com excellent gold technical analysis and editorial website Clif Droke is superb, and has been righton 321gold.com / jim

To: marynell who wrote (1)	5/28/2002 3:05:39 PM
From: Jim Willie CB	Respond to of 35

20 REASONS WHY GOLD WILL RISE Jim Willie -- May 14, 2002 1. real rate of interest has been near zero since Oct 2001 - bond disincentive, no real return on investment - credit market is 5x larger than stock market - strong historical precedent for rise in gold 2. trade debt is approaching 5% of US GDP - symptom of overvalued dollar, lost export competition - strong historical precedent for decline in US dollar - extremely strong inverse correlation between gold and US$ 3. money supply increased 30% since Jan 2001, 85% rise since 1991 - monetary inflation plants seeds of eventual price inflation - printing of "blank check" dollars has met every world economic accident since before the Asian Meltdown 4. rising world tension, desire for safer safe haven - threats of terrorism (conventional, biological, chemical, nuclear) - Middle East escalation, probably retaliation to US attacks on Al Qaeda 5. unwinding miner hedges, end of gold leasing, reducing supply - 1000 ton annual supply/demand shortfall - eventual central bank discontinued selling - lost control by Gold Cartel (central banks, bullion banks, hedged miners) - unwinding of largest naked short position in history (3 years supply) - end of trashing of South African Rand (world’s leading gold supplier) 6. dismantled mining supply apparatus, from systemic price below production - two years lag to bring new supply to market with higher prices - decade of neglect, lowest prices generally for commodities since 1929 7. no more Japanese savings guarantees - private citizen savings total $12 trillion - reports pose that Japanese could eventually own 70% of world gold 8. new federal deficits from inefficient wartime and security spending - increased supply of bonds leads to reluctance to maintain additional holdings - corporate debt collapse leads to pressure on federal and household debts 9. trade tariff resumption discourages global trading village concept - tension leads to reduced trade, cutbacks in dollar exchange, boycotts 10. accelerating worldwide currency turbulence - Japan, South Africa, Argentina, Brazil, Mexico, Taiwan, PacRim, Turkey 11. world perception of American institutionalized dishonesty - scandals, accounting fraud, broker conflict of interest, exaggerated earnings - consequent resentment of American hegemony, lost trust 12. Arab & Islamic financial warfare countermeasures - reflow of significant petrodollars to Europe - potential for Arab minting of new Islamic inscripted coins 13. end old economic cycle of prosperity, begin new cycle to correct excess - Kondratieff summer in 1999, followed by Kondratieff winter in early 2000’s - new down trend began with the US dollar in January 2002 14. extreme rise in foreign holdings of US assets - lost control of our own economy (interest rate, value of dollar) - diversification away from American financial instruments - flawed USTBond deposit base supporting entire foreign economies 15. correction of US dollar usage as store of value - really a debt instrument in acute oversupply - its gold collateral is in process of depletion, perhaps 50% depleted - full circle coming toward currency backed by hard asset 16. rising costs from entire energy complex - political, legal, environmental obstacles to increased supply - obsolete natural gas infrastructure inhibits new supply - both gold and natural gas highly correlated with crude oil 17. USTBond yield must rise to meet other world treasury competition - other major currencies offer higher interest rates (dividend yield) - poor competitive position versus Euro (trade surplus, 15x gold backing) 18. steep yield curve forecasts price inflation within 3-5 years - refusal of long bond yield to come down in response to Fed rates cuts 19. Bank of International Settlements has targeted the US dollar - BIS sees extreme valuation as unbalanced, and lack of collateralization as unstable - Swiss desire to install Euro as new gold-backed currency - reversal of yen carry trade, reversal of gold carry trade - 10 years of carry trade have provided foreigners with necessary dollars - previous BIS target was the Soviet Union 20. Sept 11th marks the turning point for US dollar - 9/11/1989 presaged a rise in the dollar to stretched highs with fall of Berlin Wall - 9/11/2001 presaged a correction after blowoff top following World Trade Center attack

To: marynell who wrote (1)	5/28/2002 3:11:46 PM
From: Jim Willie CB	Respond to of 35

SEABF reco'd by gold expert Bishop and writer Vaughn gold-eagle.com gold price of $400/oz should result in approx $1 billion mktcap if no added equity shares from here, then roughly $50/share price the Tundra Mine planned acquisition would add to shares but in a gorgeous way biz.yahoo.com / jim

To: marynell who wrote (1)	6/20/2002 9:19:50 PM
From: SOROS	Respond to of 35

Great news: Someone sent me Bishop's opinion of Seabridge. Basically says if you think gold is going north of $350 and especially $400, there is no better leveraged way to play a rising gold market. And with Seabridge's skill at acquiring new, good properties, the leverage can only get better and better. Says all gold companies are really a bet on higher gold prices, so if the downside of being wrong is the same no matter what gold company you buy, why not place your bet on the one that offers the most upside? I remain, SOROS p.s. Hoping for one more buying opportunity (as painful as it is short-term), but looking forward to building bridges of gold over the next few years.

To: marynell who wrote (1)	9/17/2002 9:49:33 AM
From: SOROS	Respond to of 35

NEWS Noranda to Explore Seabridge Gold's Kerr-Sulphside Project Tuesday September 17, 6:05 am ET TORONTO, ONTARIO--Seabridge Gold announced today that it has entered into an agreement with Noranda Inc. under which Noranda can earn an interest in Seabridge's 100% owned Kerr-Sulphside gold-copper project in British Columbia. In June 2001 Seabridge acquired a 100% interest in the Kerr-Sulphside project from Placer Dome Inc. At the project's Sulphurets deposit, Placer Dome estimated a total measured, indicated and inferred gold resource of 1.8 million ounces of gold contained in 54.8 million tonnes grading 1.02 grams of gold per tonne at a 0.50 gram per tonne cut-off, of which 1.3 million ounces was classified as Indicated. At the project's Kerr deposit, Placer Dome estimated a total measured, indicated and inferred resources of 140.8 million tonnes grading 0.75% copper (2.3 billion pounds of copper) and 0.36 grams of gold per tonne (1.6 million ounces of gold, including 0.8 million ounces in the Indicated category) at a 0.40% copper grade cut-off (see release dated June 14, 2001). In its published reports, Placer Dome expressed the view that the Kerr-Sulphside project has the potential for discovery of significant additional gold and copper resources. Seabridge believes that the Kerr-Sulphside project merits a sustained, high-quality exploration effort to evaluate its potential and, if warranted, to advance the project to feasibility. The agreement with Noranda provides that Noranda can earn a 50% interest by spending $6 million on exploration within 6 years. Noranda may earn a further 15% by funding all costs to complete a feasibility study on the project. If, after earning its 50% interest, Noranda elects not to proceed with a feasibility study, Seabridge has the option to acquire Noranda's interest for $3 million. After having earned its 50% interest, Noranda has the right to delay its decision to proceed with a feasibility study for up to three years by either spending $1.25 million per year on the property or making payments to Seabridge which would total $1.5 million over the three year period. Seabridge President and CEO Rudi Fronk said that "this transaction has been structured to provide Noranda with the incentive to take the project through to feasibility but if it elects not to do so, Seabridge can reacquire a 100% interest." "We believe that the Kerr-Sulphside project has the potential to become a world-class deposit, but it needs the technical and financial resources of a major company like Noranda to determine its value and move it forward. This agreement with Noranda will allow us to focus on our Courageous Lake project," said Mr. Fronk. Seabridge has been designed to provide its shareholders maximum leverage to the price of gold. The Company has entered into agreements covering 13.8 million ounces of gold resources in North America, of which 8.0 million ounces are measured and indicated (see seabridgegold.net and press releases dated July 18, 2002, April 17, 2002, April 15, 2002, June 14, 2001; November 7, 2000; October 10, 2000 and April 27, 2000). ON BEHALF OF THE BOARD Rudi Fronk, President & C.E.O. -------------------------------------------------------------------------------- Contact: Seabridge Gold Inc. Rudi P. Fronk President and C.E.O. Phone: (416) 367-9292 Fax: (416) 367-2711 Email: info@seabridgegold.net Website: www.seabridgegold.net The TSX-V Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. biz.yahoo.com