RE:RE:RE:RE:Eric Sprott buying more NFGRetiredgeo wrote: I am using the Bre-X model as my guide.
Some thirty years ago a Canadian consortium of penny mining stocks called Bre-X claimed to have found and staked a brand new, high-grade gold district in the middle of the island of Borneo. They claimed to have millions of ounces of Gold, than tens of millions of ounces then hundreds of millions. Their stock soared to $286 CAD/share. Just before the scam broke there was talk of 500,000,000 ounces and a $500 share price.
Fast forward to today. New Found Gold really does have a brand new, high grade gold district. It has staked most of it. It may very well have millions, tens of millions even hundres of millions of ounces of Gold in the ground. I can see no reason why history won't repeat itself - this time without the evil!
In a world where Tesla is worth more than GM, Shopify is worth more than most Canadian corporations and cryptocurrencies are worth tens of billions of dollars each there is money to burn for a stock like NFG.
PS: I can use the booze to christen my new yacht! (No, I won't!)
retiredego....LOL....NFG was $12.50 when you suggested NFG would be a Bre-X
WHY does SH allow these BS Pumping Charlatans????
REALITY....Complete Ignorance!!! retiredego