Post by
Malpeque2 on Dec 14, 2021 1:17pm
A word about Sprott
Sprott is not a guarantee to make money.
Novo Resources has turned out to be pretty much a dud so far. Stock is way way down from the altime promote highs. KL and Sprott and QH were all involved in that one........so be carefull.
Also, Wallbridge took in a lot of Sprott money. I looked at the recent Mineral Reserve Report. It's terribly underwhelming. Lots of gold, but the underground grades are really very marginal.
The open pit grades are decent but if you just use the open pit grades as currently economic then the project gets kinda small..........
The Wallbride stock is way down. Eventually Sprott will get bailed out here as Detour will take the ounces someday, but it might be a long long wait before KL will actually need those rocks.
Comment by
Retiredgeo on Dec 14, 2021 2:30pm
Sprott saturation buys everything. A Sprott investment is not a guarantee of anything but if he is really keen on a property, like NFG, that is a very good sign! He and his geologists know more than the vast majority of the rest of us.
Comment by
diabase1 on Dec 14, 2021 2:51pm
Gold and gold stocks are heading down again tomorrow. It's Wednesday, and Powell speaks tomorrow!!
Comment by
likeike on Dec 14, 2021 2:31pm
As far as Sprott you better take a look at how many companies he has 20 t0 30% interest in Newfoundland. Be careful before you post here again that you have at least the basics of what is going on. Your warning is lacking. IKE
Comment by
Malpeque2 on Dec 14, 2021 3:42pm
As far as these closeology plays that Sprott is involved with in Newfie, I hace ZERO interest unless or until some of them get a good wiff of Gold like NFG has at Keats.
Comment by
braindeadoldguy on Dec 14, 2021 3:47pm
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Comment by
Malpeque2 on Dec 14, 2021 3:55pm
Braindeadoldguy: And NFG has got it! The grade is pretty impressive. I bought a few shares recently as it has dropped a lot. The question is how much do we have. 400K meters and cashed up, we will know soon enough!
Comment by
likeike on Dec 14, 2021 5:30pm
Sokomin Minerals has some amazing hits just like NFG and they are far from a closeology play. I would tell you to do due diligence but you should first be up on the basics . Sprott is involved in Newfoundland...I find your term offensive. IKE
Comment by
Malpeque2 on Dec 15, 2021 10:18am
Ike, what does Sokomin Minerals have to do with NFG? Is your buddie Sprott invested in that one too?