Welcome to the Seabridge Gold Hub on AGORACOM

Message: Cooperation with SSRI

Generic_profile
Rank: [?]
Mail Room
Points: [?]
36
Rating: [?]
Votes: 2 Score: 3.0
  • Currently 3.0/5 Stars.
Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.)

Cooperation with SSRI

posted on Jun 16, 09 12:54PM

SSRI is a neighbour to Seabridge , they have the higher grade snowfield deposit (roughly 3 million ounces) there which could be mined as a satellite pit and the mitchell east zone with some 14 million ounces. As mitchell east is a new discovery, there is a possibility of adding new resources there in this years drilling. In a combined mine for KSM and snowfield, the life of mine would be easily extended substantially, maybe to a 60 year mine life.

There rises the question to me, whether a larger mine could create more value with a shorter pay back time. Also a larger mine means shorter life of mine, any additional resources found would have a greater net present value (try to discount a net present value of ore to be mined in 60 years and you know what I mean)

When I look at the map of the drilling of SSRI, I liked to see the Icefield / Arbee area drilled by Sea

Does anybody know about contacts between the two companies?

Another thought: Once KSM is ready for sale, there should be a paragraph in the contract about snowfield, so that ssri won´t get a higher price than Seabridge.

By the way, I own them both, but my Sea shares have a 6 time larger weight.

New Message

Please login to post a reply

AGORACOM Quick Tips

Bullish On China? AGORACOM Launches ChinaSecurities.com ... Check It Out
Watch
Today's Show
in 00:00:000

President's D.D.

New feature: Hub Presidents can add important links here.

Stock Quote