RE:RE:RE:RE:RE:its officialBlueChipper2020 wrote: ggnewmex1 wrote: LOL... so true IKE
I was drinking water when I saw this, caught me at the right mood...
Yean, he would have been buying up boardwalk and that whole street while I was at St Charles, grinning thinking I owned so much!
Hey, it is a good play for him. But really, break it down, what is 4 mil to a billionaire....
That would be like 40 bucks to a person with 100k----- (I think I am right in the math)
Like going to McDonalds with a family of 4.....
really puts it into perspective doesn't it.
All that said, good play by ES, in my opionion to cover his bases all over. Everything that has good will go up somewhat, and a few of these will get him to another billion or two. It is just a game, and he is playing for fun.
ggnewmex1
It would be $400 to someone with $100,000. Basically the cost of a dinner for three in a nice restaurant. LOL.
Sprott and all are after the land packages with LAB and NFLD. They are so far ahead with NFG and they know they will make a killing on it, they can leverage this to someday gobbling up any gold ore/ounces found at these 2 other properties.
SIC- This is Sprott's baby. One important thing to remember, is that success is not driven by being next to a winner only (ie. being next to NFG does not mean you are a winner). The geology and drilling assays at SIC are outstanding. You are likely going to have several mines feeding a large facility for gold ore processing (likely driven by NFG). IMHO ES ultimate game plan here is to build a good high grade resource (smaller obviously than NFG but so what) and then be taken out. If we continue to have successful hits like we have so far, no reason this cannot be valued at 2-3 or more times from our current levels. So far NFG and SIC are the only ones to have shown the goods.
GLTA
BC
You are correct BlueChipper. SIC and NFG are the only ones to prove with drilling they have the goods. I would add that if SIC's Moosehead property was never drilled before and they hit intersections today like they have had over the past few years the stock would soar to $3 or $4 in no time. How strange the market reacts. Investor psychology is everything.
And to put this in perspective the NFG Queensway North property had at least 100 shallow drills holes spread over a 20 year period dating back to the late 80's before NFG came along and found this spectacular high grade gold discovery. This orogenic gold system is complex and it takes a huge amount of drilling to prove up a lot of ounces due to the orientation of the high grade veins or offshoots/splays. I think SIC has a much better handle on what they must do now with their drilling program and hopefully they can have continued success and end up with an economic gold deposit.