RE:RE:RE:RE:RE:RE:RE:Investment BankersEric Sprott has invested about C$150m in NFG between last June and this year (including the buyout of novo's 15m shares) and cash purchases ~ C$13.
I would be extremely if he would accept C$15-C$20 for his risk investment.
Indeed, when he gave a lecture about the rationale for his investment in the Fosterville mine, he made references to the "opportunities" that are often presented to him and he indicated that he was only interested in opportunities with high value returns.
On this basis, where he has invested over C$100m in the last 9 months in the price range of C$9 - C$13, it seems implausible that he would be satisfied of a return less than 50%?
This suggests that he will reject an early sale, unless it benefits from a very high NSR over the 80km property.