RE:RE:Eric Sprott buying moreThat's a very rational and well stated post, and 's pretty much right on point, imo.
Eric's recent market activity in this NFLD play, more and more echoes what he himself states very often, regarding his personal belief in heavily pressing his bets on companies that he believes are demonstrating through their actions and on going results, which reinforce their prospects of having a good shot at ultimately achieving a successful outcome of their potential bonanza storylines envisioned by their mining experts (geologists, advisors, engineers, etc.).
I think that this is reflected in his sizeable participation in NFG, but also others within this district such as SIC, LAB, etc.
He has strong reason to bet heavily in this district cluster, s
ince Quentin H (now an NFG advisor), was the man Eric sent to Australia back in 2016 to check out Newmarket (the Fosterville Mine), which at that time, was only in the early stages of stumbling across some high grade intercepts in their operational mine (barely profitable at the time), but had not yet realized the tip of an iceberg they were looking at.
Quentin reported back to Eric, who commenced to take a heavy position in Newmarket, which got taken over by Kirkland Lake that same year, which resulted in a Eric having a huge position in Kirkland Lake, and a monumental shift in KL's market valuation over the several years to come, as they became the top gold mining story in the world, thanks to the Fosterville Mine acquisition.
Eric made well over a $billion on his Kirkland Lake shares, thanks to the report and advice from Quentin's Fosterville trip and report back to him, upon which, Eric acted quickly and heavily. (Keep in mind that Eric has big positions in many, many, many dozens of mining stocks, and he readily admits that many of his bets will not pan out; but his winners more than make up his losers).
Quentin is also a very strong proponent of the belief that NFG/LAB/SIC/& maybe others, may well be pieces of a "world class district play" gold discovery, and Eric also echoes that opinion. I think it's because he has high regard for Quentin's expertise and opinions on geological matters.
I doubt that there are "hidden secrets" they know that are being withheld from the common folks like us mere mortals.
I think he just enjoys the game, along the lines of the old Kenny Rogers tune.
You got to know when to hold 'em
Know when to fold 'em
Know when to walk away
And know when to run
You never count your money
When you're sittin' at the table
There'll be time enough for countin'
When the dealing's done