Seabridge sports THE premier Gold/Copper Project; Fleshing out Trump 2.0

November 11, 2024
3:14 am

Happy Saturday, Investors! Mercifully, we'll all be enjoying a weekend FREE of political ads for the first time in, seemingly, forever.

Huzzah!

We transition now into what hopefully will become a more hopeful and constructive public discourse over the policies on tap for Trump 2.0. I'll offer some fresh insights just a bit below as to what I increasingly see as a binary outcome by the time of the 2026 mid-term elections.

For starters today, I have yet another fresh interview/update for you: this time, with Co-Founder, Chairman and C.E.O. Rudi Fronk of Seabridge Gold (NYSE-SA; TSX-SEA), the owner of the biggest and best development-stage gold/copper project on Planet Earth.

For our discussion WATCH HERE or click the logo below.

The company's flagship KSM Project in British Columbia has been grown in size and de-risked over the years to a place where--most importantly--the project received a "Substantially started" designation from the B.C. government this summer. As Rudi explains, that means that KSM has no significant outstanding "boxes to check" ahead of a J.V. partner and development decision.

Consider the initial numbers for the first 30+ years:

-- Annual production of 1 million ounces of gold (one of the top five largest in the world once in production.)

-- 178 million pounds of copper annually

-- Three million ounces of silver annually.

And here's the punchline:

The All-in Sustaining Costs as reported in the most recent PFS (and using metals prices considerably lower than current ones) would be a mere $600/ounce for gold, using the copper/silver as byproduct credits.

I fully expect that--once the company has the right terms in front of it, as Rudi explains, and takes a big step towards development--the market will re-rate Seabridge shares which, notwithstanding their historical outperformance of peers', are CHEAP considering the incredible assets undergirding them.

For each Seabridge share which closed at $16.76 yesterday on the NYSE, you have 81 pounds of copper reserves...and .55 of an ounce of gold in reserves...with FAR more than that in the resources category.

You'll know why Seabridge is the favorite choice of successful billionaire investor, gold bug and Trump 2.0 Treasury Secretary candidate John Paulson once you watch. You'd do well to invest alongside him!

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Speaking of the U.S. Treasury, a teaser, if you will...

A few of you who are especially students of politics and monetary history will recall the relevance of the above piece of currency.

Following my own post-election podcast I sent along to you a few days ago, I was a guest on some others since then I'd like to start sharing with you. These discussions ran the gamut (occasionally in my somewhat sarcastic and caustic way, BUT always with the aim of providing knowledge and actionable investment themes) from the importance of the political realignment underway to the economic, trade and related policies which--in short order--will render President Trump a true hero and savior of America (and the world)...or a disastrous goat and buffoon.

The choice will be his, as he will pretty much have a free hand (assuming the House does end up in G.O.P. hands, which is taking painfully long to determine.)

RIGHT HERE you can watch / listen to my "long form" discussion (NOT a three hour Rogan one...a fair bit less than one hour here!) with Trevor Hall of Mining Stock Daily/Clear Commodity Network.

Next, HERE you can listen in to my latest visit back to my old haunt at the K.E. Report, where I visit with Cory and Shad on a number of things, including (and I've sent out a couple items to you all already on one of the most glaring contradictions, which will be informing some of my next recommendations) market moves that should NOT 1. be happening together and 2. be occurring given President-elect Trump's very clearly stated preferences on certain things!