We're Entering a New Bull Market in Gold

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)