Reigniting FR strategy................ on scaleGiven the recent surprise aquisition I suspect we could see years of FR sucking up stakes in, or full buyouts of, under performing producers using FR paper now that it has the institutional stability required. Much like the old days of how Neumeyer grew the company from scratch but on a far grander scale with far less problematic assets. I also suspect that many potential targets will likely already have Sprott as an investor, given he owns so much in so many and who in all likelyhood would bridge those deals.
It will come as no surprise that once a resource from a junior is embraced by a mid or senior those ounces in the ground get an instant and often significant revaluation upwards. I think we could be at the cusp of FR growing into an absolute monster through paper aquisitions.
In respect of the tax case, which I'm viewing personally as somewhat vexatious, given the recent release - I would say that although we don't have access to the finer detail and with that caveat Eric Spott would have undoubtably had his own counsel pour over it and give their independent legal opinion on its merits prior to making his substantial investments.
It obviously did not act in any way as a deterrent for him making significant investments....................... I believe that's actually quite telling.