Eric Sprott buying at these levels and higher is a great indication of what he thinks about this project. He's been through this before with Fosterville and made a lot of money off his investment because you can't beat grade when it comes to a mineral deposit. He discusses it in detail in the video below. The higher the grade the more profitable the mine will be. Yes there are other factors but this Queensway discovery has everything going for it. I can't pick any negatives in this project whatsoever. Eventually I think investors will be blown away at how high NFG'a share price eventually goes.
I try and stick with the facts and the facts are telling me this discovery is an extremely rare high grade gold discovery. It's big and it's rich. The only thing that comes close to it is Fosterville in my opinion. Except I believe this one will prove to be even better due to the long strike length of favourable geology with this orogenic gold system with extremely high grade gold near surface. It's absolutely incredible. There are very few examples on the planet that even comes close. I still don't think a lot of investors understand it yet. Just listen to Eric Sprott talk about how it took Kirkland Lake symbol KL a very long time to go from $15 to $70 because investors didn't see what he saw early on. The Rock Doctor says it all the time "you can't beat grade" Those oldtimers have been around the block a few times so you have to listen carefully to what they are saying.
NFG are onto a world class high grade gold discovery. Eventually it could end up being larger and richer than that of Fosterville. Still to be determined of course because we are still early in the discovery phase but with 70 km of favourable geology along these faults you are going to find a lot more of these high grade zones. There is no doubt about it and each one most likely extends deep down to 1000 meters and beyond. Investors need to show some patience with a complex gold system like Queensway because it does take a lot of drilling due to the unpredictable nature of these high grade rivers of gold. For anyone that can hang in there for a couple of years they will be handsomely rewarded. Listen again to Eric Sprott talking about this discovery because the best is still yet to come.
https://m.youtube.com/watch?v=6e5KM7UHhoE