Daily Stock Opinions and Ratings

Opinions

Lyle SteinSeabridge GoldsSEA.TOTOP PICKJun 26, 2008

Will be moving to the TSX in the next couple of weeks. Has the largest gold deposit in Canada. Have 40 million ounces of resources in B.C. in one deposit. What he likes is that for every share, he has exposure to 1.25 ounces of resource.

Lyle Stein

Owned

Unlock Rating

$21.75

Stock price when the opinion was issued

$46.58

As of May 29, 2026. Market Open.

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HOLD

Owns shares in company.
Be patient in terms of returns.
Present gold prices will not generate returns for shareholders.
Higher gold prices important for shareholders to see return on capital.
Good proxy for higher gold prices.

RISKY

Speculative buy with a $31 target. Has never been too impressed. Big deposit, but needs a lot of money to get it going. He'd rather put his money into producers that are offering cashflow and dividends.

COMMENT

It's had a nice trend up this year. It'll see reisistance around $20 to a lower range of $16. There could be volatility. Now, we're in no-man's land. Seasonally, now is good. You may have to weather big swings as it marches to $21.

COMMENT

(Market Call Minute.) One of the best of the optionality plays. Very well owned by a bunch of billionaires. Run for the benefit of the shareholders. It is an awful long way, so you have to believe in gold to own this.

TOP PICK

Immense asset which now has copper revelations. It could be a base metal take out. Biggest in Canada and probably North America.

BUY

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.

COMMENT

Gold. This is the only company he knows that is deliberately accumulating gold assets, which it has no intention of producing. Creating a store of gold. Doesn't know why it is going down.

PAST TOP PICK

(Top Pick Feb 25’09, Up 24%) Still likes it, but it doesn’t meet the dividend test. They are doing everything that they said they would do. All in Canada. Their KSM deposit is Canada’s largest ore body find of gold. They company is for sale. They said they will never build a mine. They are doing infill drilling to build a stronger resource base.

PAST TOP PICK

(A Top Pick June 26/08.) Up 44.23%.) Fifty million ounces of gold resources in British Columbia, which works out to be about 1.5 ounces per share. Very good leverage. Would buy more at $26-$27.

BUY

(Market Call Minute.) If you are bullish on gold, this company has a lot of resource in the ground. Play it from the gold perspective.

TOP PICK

BC discovery of potentially the largest gold deposit ever found in Canada. Undervalued relative to the potential acquisition of large company looking for a large deposit.

TOP PICK

Have over 45 million ounces of gold in 2 North American deposits. Not in production and is hoping it will get taken out. Risk/reward is quite high. Thinks gold will go through $1000.

DON'T BUY

Have a lot of “out of the money” gold assets. If it catches the wind and there is a lot of speculation, it could go to the moon but you are speculating on an outcome. It will have big swings with the moves in gold but capital is a big issue right now.

PAST TOP PICK

(A Top Pick Oct 15/07. Down 67%.) Gold resource primarily in BC. Looked like they had to raise some money, so he sold his holdings.

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Stockchase, in its reporting on what has been discussed by individuals on business television programs (in particular Business News Network), neither recommends nor promotes any investment strategies.

We paraphrase the experts by hand, we watch the shows and write down what we understood from the experts’ comments. We are human and can make mistakes, help us fix any errors. If you see something that you know is not right or if there is a problem with the site, feel free to email us at : [email protected].

Lyle SteinSeabridge GoldsSEA.TOTOP PICKJun 26, 2008

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