The Globe and Mail reports in its Tuesday, Sept. 19, edition that RBC Dominion Securities analyst Michael Siperco began coverage on Seabridge Gold with an "outperform" rating. The Globe's David Leeder writes in the Eye On Equities column that Mr. Siperco targets the shares at $25 (U.S.). Analysts on average target the shares at $46.75. Mr. Siperco says the company's 100-per-cent-owned KSM gold/copper project in the Golden Triangle region of Northern British Columbia as "a potentially attractive option for producers looking for long-term, consistent production potential." Mr. Siperco says in a note: "KSM hosts one of the largest undeveloped gold/copper resources globally across five deposits, with over 150moz of gold and over 50bn lbs of copper across all categories. ... Finding, advancing, and building large-scale gold (or copper) projects is becoming harder, with less exploration and fewer large discoveries. In our view, KSM, with a resource that could see production for decades beyond the 33-year PFS life (only 25 per cent of the global resource included), has significant strategic value beyond the current studies as a mining district, similar to other large-scale gold/copper projects globally."
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