Seabridge Gold is putting up a $5M convertable debenture and taking some cash to create essentially a new entity from the company that owns the property with good results next door. This is going to be big folks URL of deal If you look at metrics it will hold ground and move higher as it has strong hands and 650K ounces gold plus plan to move it to $3M ounces and cash to do it all with 40M shares outstanding by the time it shakes out. That by a reverse marketcap analysis should give trading calue of $1 plus per share, so it is an easy buy here.