With a view of staying there for the winter.
I was there in 05 for approx 5 weeks, and there was no season pass as such, you just bought a single ticket on the gondola base. At that time however the gondola didn't go all the way to the top, and half the time, the ticket sellers had no change or tickets (!).
Last year however (2008), I was riding at Broken River NZ and one of the staff ski patrollers had worked there the previous year and told me that some days he did in excess of 10 runs per day.
At the end of the day, it's Kashmir, so you can probably haggle a deal or something.
I found it best to discard traditional "concepts" when I was staying there. The infrastructure is pretty loose. I'm sure it has changed a bit since my visit.
It was the snowboarding experience of my life for sure. A lot of the time, we would bootpack/snowshoe hike all around the area if the gondola was closed. about 10 years ago