Dec. 2 at 3:44 PM
I asked Grok to estimate the fair value of
$SA stock after a joint venture announcement with a major mining company such as NEM, AEM, RIO etc, with gold at
$4,200 an ounce and copper at
$5 / lb. Grok came up with
$105 -
$170.
This is a summary the Grok response.
Updated total project NPV₅% (100% basis): US
$30–36 billion (Most probable: US
$32–34 billion — extremely robust economics with IRR likely >30–35%, all-in costs still sub-
$700/oz net of credits, payback <3 years).
Post-JV Announcement Fair Value JV terms would likely remain in the same range (major partner earns 50–70%, Seabridge retains 30–50% + carried interest + upfront/staged cash potentially US
$500 million–
$1.5 billion+, depending on final negotiation and the much stronger project economics).
Attributable NPV₅% to Seabridge: US
$12–18 billion (Most probable in a solid deal: US
$14–17 billion, reflecting 40–50% retention + cash/royalty adjustments).
