Aug 5, 2024
On this week's
Stansberry Investor
Hour, Dan and Corey
welcome Rudi Fronk back to the
show. Rudi is the founder,
chairman, and CEO of Seabridge Gold (SA). With more than
35
years of experience in the gold
industry, Rudi is an expert in his field. He joins the podcast
to
talk all about precious metals
mining, future opportunities for gold and copper, and
what
sets his company apart from the
rest.
Rudi begins by giving a brief
history of how he got into gold mining. He shares the reason
he
started Seabridge with
shareholder value in mind. He also breaks down some of the
risks
involved in mining – including
working in politically unstable countries – and why he'll
never
build another mine again.
After, he talks a bit about the technical aspects of
drilling,
exploration, and the process
behind estimating how much gold is in the ground. (1:14)
Next, Rudi discusses potential
joint-venture opportunities with leading mining companies
for
Seabridge's KSM property,
mainly thanks to increased demand for copper. He also
talks
about the importance of
permitting, catalysts that could move Seabridge's share
price
higher, offsetting share
dilution, and early-stage projects that are in the works. And
Rudi
makes his case for why gold is
entering a new, interesting bull market. (16:55)
Finally, Rudi shares his
opinion on bitcoin, talks further about soaring copper demand,
and
delves into Seabridge's goal of
giving back physical gold to investors. As he explains,
the
KSM property is expected to
produce more than 1 million ounces of gold per year for the
first
33 years. And 35% to 49% of
gold produced will be returned to the company. (33:56)