This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

A Golden Engagement of Seabridge Gold to RoyalGold

NEW YORK ( TheStreet) -- Yesterday the long-suffering shareholders of Seabridge Gold (SA) finally experienced the sweet feeling of a 10% one-day rally.

Seabridge Gold hasn't been a pleasure to own the past three years. The 5-year chart compares the movement of SA's share price with its price-to-book value. Both have cratered until good news hit the markets Wednesday.

Yes, Wednesday was the day SA reported final results from its 2012 drill program designed to search for high-grade core zones underlying its very large Kerr Sulphurets Mitchell gold-copper project in British Columbia. The remaining hole at Deep Kerr provides strong confirmation that the discovery (part of KSM) has the potential for a very large tonnage of high-grade copper and gold mineralization.

The Deep Kerr hole reported long runs of elevated copper including 22 meters of 0.98%. Drilling also found three more targets with favorable markers characteristic of core zones. The $15 million 2013 drill program to pursue these targets is expected to begin in June of 2013.

Someone said, "A goldmine is a deep hole where people throw away their money." That outlook changes big time when rich veins of gold and other precious metals are extracted as proof that all that digging and exploring was worthwhile.

SA Chart SA data by YCharts

Seabridge Chairman and CEO Rudi Fronk noted, "when we began our search for a core zone at KSM, we assumed that the four main deposits would probably link to one such zone. We now believe that there may be several deep seated sources.
1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
SA $6.40 1.59%
RGLD $48.12 -1.68%
AAPL $112.76 -0.47%
FB $89.43 -1.74%
GOOG $618.25 -1.92%

Markets

Chart of I:DJI
DOW 16,528.03 -114.98 -0.69%
S&P 500 1,972.18 -16.69 -0.84%
NASDAQ 4,776.5080 -51.8170 -1.07%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs