RE:RE:Sprott hey blindboy : I like that quote "push the bet"
The E79 team have 4 holes to study and go over with their geologist then drill another 6 as per Mr Quinn's interview. What's there or what's not there will be revealed in the months to come.
The next PP for Sprott won't be a dollar per as the price will run with positive results. Love to see him double down with an additional rig but that's a "forward looking statement" on my part ...
BlindBoy wrote: Eric Sprott is very open about his approach to mining stocks that he is interested in. He often comments that he is not a short term trader.
He also makes it clear that when the field results appear to positively reinforce the geollogical expectations, that his approach is to "push the bet".
Remember when he sent Quinton Hennigh to check out the Fosterville mine, when they were still barely profitable. He got a positive report on the geological expectations as QH interpreted them. Sprott then increased his holdings of Newmarket (the owner of Fosterville at the time) to over 30 million shares.
Within months, he then convinced Kirkland Lake to take over Newmarket & the Fosterville Mine. The rest is history.
He's demonstrating similar resolve in the NFG play. Will he do likewise with E79? If the drillholes provide positive feedback to the expectatiions outlined by the geological team, yeah, he will "push the bet".