SAN FRANCISCO, CA–(Marketwired – November 06, 2015) – With Proven and Probable reserves of 38 million ounces of gold and 10 billion pounds of copper, the potential of Seabridge Gold Inc.’s (TSX: SEA) (NYSE MKT: SA) KSM project in British Columbia has long been perceived as a leverage to the price of gold. In this interview with The Gold Report, Chairman/CEO Rudi Fronk explains with the importance of KSM’s fully permitted status, the discovery of a higher-grade gold and copper area, and the possibility of a bull market in gold on the way.
The Gold Report: You cofounded Seabridge Gold Inc. in 1999. What is the key lesson this company has taught you over the last 16 years?
Rudi Fronk: The importance of clear and consistent messaging to our shareholders. We accomplish this with a self-imposed report card. In each annual report we clearly lay out the objectives for the upcoming year. Then in the following year’s annual report we state how we did against those objectives and announce new objectives for the upcoming year. This policy provides our shareholders with a firm understanding of where we are heading and allows them to ascertain whether we are staying the course. As a result, we have maintained a long-standing and consistently loyal shareholder base.
TGR: You have declared Seabridge’s strategy to be “maximizing gold ownership per share.” What do you mean by this, and what’s the thinking behind this objective?
RF: Our business plan is very different from the traditional business plans of most gold companies. We measure our success by ounces of gold per common share. We raise money through equity issuances and then spend that money to find gold. Our goal is…
Continue reading this interview: With KSM Permits in Hand, Seabridge Is Now Set to Leverage the Coming Bull Market in Gold
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Seabridge Gold Inc. is a banner sponsor of Streetwise Reports. Rudi Fronk had final approval of the content of the interview and is wholly responsible for the validity of the statements. Opinions expressed are the opinions of Mr. Fronk and not of The Gold Report or its officers. The interview does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility.