Market sleeping on gold while they focus on crypto While the market’s asleep on precious metals focusing on crypto and tech - Eric Sprott has increased his position with NFG following an additional investment of $125M bringing his personal stake in this company to 31.4% This is a massive bet on what he’s believing will be the greatest gold discovery in the history of Canada. The NFG property in discussion is situated in the emerging gold district of Newfoundland and adjacent to other projects including the largest land pack in the district owned by Leocor returning highly impressive grades at 407.98 g/t Au. Leocor is potentially the strongest early-stage company in this district so that’s why it’s a long hold for me.
https://financialpost.com/commodities/mining/eric-sprott-makes-his-biggest-bet-yet-on-what-he-believes-could-be-the-greatest-gold-discovery-in-the-history-of-canada