How Do Analysts See This Gold Developer With a Major Golden Triangle Asset?

• •I've been following Seabridge for a while now, largely because of KSM.
• •It's truly one of those massive, tier-one assets in the Golden Triangle.
• •The sheer scale of it always impresses me, and with gold prices remaining strong, the economics just keep getting better.

Hey everyone, just read this article on Streetwise Reports about Seabridge Gold and their KSM project: How Do Analysts See This Gold Developer With a Major Golden Triangle Asset?

I've been following Seabridge for a while now, largely because of KSM. It's truly one of those massive, tier-one assets in the Golden Triangle. The sheer scale of it always impresses me, and with gold prices remaining strong, the economics just keep getting better. What caught my eye in this piece is the analyst consensus – it seems like the market is finally giving more weight to the potential here, even with the significant upfront capital expenditure. Personally, I've had a small position in them for a few years now as part of my long-term inflation hedge and a way to diversify my portfolio beyond just tech stocks. My wife and I are thinking about our retirement goals, and having some exposure to tangible assets like this feels right.

My main concern has always been the development timeline and the financing required for a project of this magnitude. While the article touches on the analysts' views on valuation and the sheer size of the resource, I'm curious to hear what you all think about the execution risk. Are any of you holding Seabridge? What's your take on the current sentiment around junior/developer gold miners, especially those with such large-scale, yet still undeveloped, resources? Always great to hear different perspectives from experienced investors here!