Seabridge Gold’s KSM gold-copper mine in northwest B.C. got a big boost last week toward obtaining “substantially started” status.
The substantially started designation ensures that the company’s EAC will remain valid throughout the life of the project.Foremost among these is making the prospect of a joint venture more palatable for a major investor. B. Riley has put a buy rating of US$60 per share target price on Seabridge stock, meaning analysts expect in the short- to mid-term, dramatic increases from the current price of approximate US$15.