Sprott Mining Inc. ".....is a private company focused on acquiring, building and managing a diversified portfolio of producing mining assets in North America.The senior management team has significant transaction, finance and operating experience and is dedicated to finding and investing in exceptional mining projects."
The website doesn't provide any more info than the above, a phone number, and an option to subscribe for updates.
Wondering if Eric Sprott owns this company in its entirely and/or is its largest shareholder?
If NFG is bought out, the odds-on-favourite acquirer may in fact be Sprott Mining Inc..
Think about it.
Sprott already owns approximately 30% of the company. If he once again purchases the vast majority of new shares in next couple of NFG equity raises, his ownership % will increase further.
As most in here are aware, Palisades is not in the mine-building business - it is a Resource Merchant Bank that takes positions in various resource companies with the ultimate goal of receiving takeout premiums.
Thus, the acquisition of NFG by Sprott Mining Inc. seems like a real possibility unless I'm missing something. Palisades and all other shareholders at the time of the takeout get their takeout premium. Sprott's private company owns all of NFG and can proceed with the funding of further exploration and assaying, mine-building, the production and sale of the gold, etc., thus becoming part of Sprott's "legacy".