RE:RE:Sprott, weekly wrap-up 3 May 2019math&
Eric RNX holding is ~10% (Cap: $209M) which is $20M (certainly a small portion of his total portfolio of a billionaire). But, he is after a 5-10 bagger for his "small" investments like RNX and WM. For WM he has ~20% of $155M = $30M, which is in the same range, small money for him, but big money for mere mortals. If he hit the jackpot, they would bring him hundreds of $Ms.
Current results indicate high-grades intersections for the WFN. As one poster has indicated, Figure 3 of the 2May NR highlighted a green box for the bonanza intersection. Perhaps, RNX want to keep these pockets of bonanza grade around in-situ (don't need security guards if they are brought up above ground) and only mine them when they need the money. But at least, we have one area in the WF, some 45m from the drill platform located in the WFN Decline.
GH11
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mathandmass wrote:
Well, it's a small portion of his portfolio and not that significant. Lately he's been concentrating on macro trends. Like central banks loading up on gold (but don't get too excited yet cause we ain't got none here, lol). It's much more important to him. I neither geologist and nor a big money mining sector investor, but I would call RNX update... irrelevant for the company's position on the market. I will be 100% honest with you here. My only hope for RNX is that Eric holds his shares AND that they randomly discover some pockets (at least one) of high grade gold BEFORE they will need money again in about 3 months. It is possible because they are still to analyze some samples from the drilling. And God fkn help us.