“When you know you have a winner you push” These are the words of the smartest man in the precious metals sector. The video interview of Sprott in the link below is a message every LME investor needs to hear. I encourage you to listen to the entire interview but if you are short on time or just have a short attention span start around the 15 minute mark and listen to the rest of the interview. He makes a comment about FreeGold Ventures around the 19 minute mark and states that you can buy gold in the ground for less than $10/ounce. Most junior miners including LME are trading at these ridiculously low values. The best part is that LME is located in arguably the best mining jurisdiction in the world. I understand that we all are waiting for "a material change." Eric Sprott is invested in more than 175 juniors and is also waiting for "material change" but he makes the comment that he is "stealing" at these prices. LME doesn't want Sprott money and has never needed it. Why is this important? Most of the time when Sprott buys shares he gets them at a massive discount to existing shareholders and usually swoops in when a junior miners is struggling financially. LME is financially strong and can still raise money at the drop of a hat. If that's not a sign of strength I don't know what is. The Smart money is starting their move into the gold sector and LME shareholders will reap the rewards in due time. Happy Thanksgiving to all the Canadians in this forum. Take the time this weekend to remember what you are thankful for as there are many people around the world living in war zones and displaced from their homes.
https://youtu.be/8ZUJe459frw