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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: ralfph who wrote (8780)	4/3/2006 7:47:53 AM
From: E. Charters	Respond to of 78413

This was bought for US $4,350,000 by Seabridge today. The price apperas to be is 2.5 cents on the resource dollar. Noche Buena Gold Resources at 0.30 gram per tonne cut-off ------------------------------------------------------------ Indicated Inferred ------------------------------------------------------------ Tonnes Grade Ounces Tonnes Grade Ounces (000's) (g/T) (000's) (000's) (g/T) (000's) ------------------------------------------------------------ 21,867 0.81 569 14,031 0.68 308 ------------------------------------------------------------ Why so cheap? I guess because it is low grade. You only get out 60-70% of that. Costs on the other hand are low. 8 some dollars US per short ton. Seabridge has acquired a 100% interest in eight North American gold projects, subject to earn-in rights of up to 65% at its Kerr-Sulphurets project and up to 62.5% at its Quartz Mountain project held by potential partners. For a breakdown of the Company's mineral resources by project and resource category please see seabridgegold.net; Appears to be a good company strategy.