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Seabridge GoldsSEA.TOHOLDJun 19, 2026Stock price when the opinion was issued
As of Jun 19, 2026. Market Open.
Likes this. Owns just a little bit but this would be a good entry point. Management has been able to develop the project with a very little dilution in shares. At some point he thinks this will get taken out. Have quite a lot of reserves on the ground that should find some valuation that is much higher than where it is trading now.
He owns both. Both have superb leverage to gold. SEA will have challenges on very high upfront capital costs. If you don't share his bullishness on gold, don't own SEA.
Note: CEO of SEA is a personal friend of his.