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Seabridge Says British Columbia Mine Worth Higher Premium
Nov. 29, 2011 10:35AM PST
Precious Metals InvestingBloomberg reported that Seabridge Gold’s (TSX:SEA) CEO sees the company worth more than a 30-40% premium.
Bloomberg reported that Seabridge Gold’s (TSX:SEA) CEO sees the company worth more than a 30-40% premium.
As quoted in the market news:
Chief Executive Officer Rudi Fronk prefers a joint-venture agreement to a sale of the Kerr-Sulphurets-Mitchell copper and gold mine in British Columbia or the company.
CEO Fronk said:
Typically when you have an asset like this in traditional acquisitions by the majors, you are looking at a 30 to a 40 percent premium. We think that our asset base is worth a lot more.
