Rudi Fronk, Chair and CEO of Seabridge Gold (TSX: SEA) (NYSE: SA), joins us to discuss gold’s pullback, why he considers gold stocks relatively cheap, and his expectation that gold will break above its previous record near $5,500 before year-end.
We turn to KSM, the company’s massive gold and copper project in British Columbia. Rudi says Seabridge has never been closer to securing its preferred joint venture partner, with transaction documentation now underway. He also outlines his valuation case, including an estimated after-tax project net present value exceeding US$30 billion at the metal prices discussed.
We cover the US$100 million credit facility, newly available hydroelectric power, road construction and preparations for a bankable feasibility study. Rudi also discusses the ongoing review of KSM’s “Substantially Started” designation and why completing the partnership remains the company’s central milestone.
