Seabridge is a development and exploration company that doesn't produce any minerals. It buys reserves, explores and then looks to sell its assets at a high price. The company has sold smaller properties to finance exploration but is still hoping for a major miner to buy the whole package.
Seabridge has a market cap of over $1 billion, but the stock seems to have stalled at $27 a share. I sat down with CEO Rudi Fronk at Dahlman Rose & Co.'s recent emerging-mining conference to monitor Seabridge's strategy as gold prices reached new highs.
Rudi Fronk: We started this business plan a little more than 10 years ago when gold was trading well below $300 an ounce with the view back then that gold did have a future. What we thought would
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