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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?


To: teevee who wrote (239685)1/9/2016 4:45:32 PM
From: stuffbug  Respond to of 313040
 
Seabridge is a very long term call on the gold price.
They are sitting on 38 million ounces of gold and 10 billion pounds of copper (Proven and Probable reserves) in politically stable jurisdictions.
Yes, it will cost a fortune to develop the deposits (e.g. over $5 billion for the fully permitted KSM).
But eventually the mines will be built by majors who will need to replace ounces from depleted mines.

Weekly chart looks amazing - SEA could hit $20 in 2016.

theaureport.com