Update: Seabridge Gold's Q2 Earnings Support The Long-Term Investment Thesis
- Seabridge Gold continues to develop the KSM Project as the environmental assessment was approved by the British Colombian Government.
- Seaboard's management has become near-term bullish on gold which is a primary topic in the company's Q2 Report to Shareholders.
- These developments fit my October investment thesis, which is that Seabridge is a gold leverage play; the first point in particular eliminates a great deal of regulatory risk.
- The stock has been strong since BC's environmental assessment approval, and it might be time for a pullback.