This just popped up on Kitco...See how the sale did not include Newmont shares,but was all cash...This is the way to sell Kodiak..piece by piece..

Oct 10, 2008 (M2 EQUITYBITES via COMTEX) -- SA | Quote | Chart | News | PowerRating -- Seabridge Gold (Toronto:SEA.TO) (AMEX:SA), a company which holds a 100% interest in several North American gold resource projects, said on 9 October that it has signed a letter of intent for the sale of its 100% owned Noche Buena project in Sonora, Mexico, to Minera Penmont S de RL de CV, a joint venture between Fresnillo plc and Newmont USA Limited.

The company will receive USD25m in cash at closing, a further USD5m upon commencement of commercial production from Noche Buena plus a 1.5% net smelter royalty payable on all production sold for USD800 per ounce of gold or more.