RE:RE:RE:re re re assaysHi gisellekronk, Agree would take years to fully define. Also TPK. Simply trying to understand his move. It is year end but it is also right before the assays. I don’t think he has inside information but he has his own consulting geos that’ll advise him on the likihood of failure/success based on known data. This stock is going to move one way or the other when they come out with drill hole #2.
Sprott, on the same day Dec 9 also donated $3.6m Ascot Resources shares to his foundation. More interesting is the next day Ascot announced $105m mine financing provided partially by Sprott Lending. It’s an important company (Ascot) as they can now build their mine and then acquire everything w/ merit around the south portion of the GT triangle South of Pretium. A major player (or multiple) is already in talks with Pretium (Ascot’s BIG 370k oz/yr neighbour), but aren’t pulling the trigger until the entire area is consolidated. Too many Jrs. That’ll be Ascot’s job after they get into production using their expensive shares. So there is clear upside he just donated to his foundation there via the typical pre-production re-rate.
His wife, 2 daughters, 2 nephews work for the foundation. I imagine it is very important to him. It’s like a second company that doesn’t have to pay taxes and can distribute funds based on his philanthropic ideas. His $5m SUP shares can turn into +$20m and I think he knows the probability is high. If Kaiser is right on a 10x then Sprott’s share could hit $30-40m valuation. So I think its more than the $5m 2020 tax deduction. Just thinking out loud here. Of course could be totally wrong here.