Lawrence Roulston, in the Aug. 21, 2012, edition of Resource Opportunities, tells readers why to buy Seabridge Gold Inc., recently $15.44. This is the first time he has recommended the stock. Seabridge owns the KSM gold property in British Columbia, which has an impressive net present value of $5.3-billion, and the Courageous Lake gold deposit in the Northwest Territories, estimated at $1.1-billion. Together these deposits host proven and probable reserves of 44.7 million ounces of gold, as well as 10 billion pounds of copper and significant amounts of silver, molybdenum and other metals. Seabridge also boasts "outstanding," "exceptional" and even "visionary" managers. Despite these grand numbers and adjectives, investors remain somewhat skeptical, as KSM and Courageous Lake are still years away from production. Seabridge's current market capitalization is only a fraction of the net present values of the two projects. Mr. Roulston says investors with a long-term perspective will appreciate that "each Seabridge share is backed by a full ounce of gold in reserves." The company offers "the potential for significant near-term gains . . . as well as exceptional long-term exposure to the gold market."