New Found Gold Corp V.NFG

BIG MONEY

[goldenrivit]

Eric Sprott makes his biggest bet yet on what he believes ...

Financial Post

https://financialpost.com › commodities › mining › eri...

 

 

Apr 18, 2022 — Now, Sprott insists that he's onto to something even bigger. He estimated that he has put a total of $200 million into New Found Gold ...

[AlwaysLong683]

Excerpt from the FP article: "Sprott has often commanded a following from other investors, who look to mimic his portfolio on a smaller scale, and it is not uncommon for the share price of companies to bounce higher in the weeks after he discloses an investment as investors debate it on internet chat boards." Sound familiar.....?

[megacopper]

Eric Sprott is making a visit to the Rock on Friday

[catf7rider]

Mega Please keep us updated on  his visit.

[megacopper]

I certainly will update you but I'm thinking everyone will get the message on Friday. I'm expecting a strong up day for NFG on Friday. Just a guess. 

[Gangsterme]

Sprott will visit and hopefully make some comments. Just a reminder, he is not newbie and the 25$ million core shack was built with 5$million of his as a 20% stakeholder in NFG. Do you really have difficulty believing that he is convinced that this is a economical deposit? And Crescat should be committing on Friday having not utube last week.

[megacopper]

The GigaShack cost $4 million 

[Gangsterme]

You are correct, My memory was likely affected by Screech yesterday. 

[JRafflesUK]

Notes from the Apr 18 2022 financialpost.com Sprott article:- "........Sprott's [NFG] purchase was announced on April 12 [2022], trading at about $9.05 on April 18 [2022]....." "...........The price of gold has risen 12% in the past six months [to April 2022] to US$1,972 per ounce...." In April 2023, the POG is almost identical to the same time in the previous

[Dixiedee]

Oversold and under valued 

[bigdawg86]

What, like Pure Gold lol!?

[LarryLOUSE]

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[Retiredgeo]

Every mining stock is a gamble.  Pure Gold went bankrupt because of mangerial incompetence.  Eric lost his shirt along with everyone else because no one knew.  CONTINUITY OF GRADE is all important.  Why does NFG drill so many infill holes? - to make sure the gold is still there!  It is dangerous to assume, especially in high grade gold systems.

[Wallyy]

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[Wallyy]

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[AlwaysLong683]

I've mentioned in past posts that Eric Sprott has invested his money in so many Canadian junior gold exploration / mining companies that it's often more of a challenge to find one in which he does not have some skin in the game.    According to SEDI, Sprott owned over 48M shares of PGM as of May 2022 via indirect ownership through his 2176423 Ontario Ltd. company. Unclear as

[Dixiedee]

NFG being his biggest investment in a single JR ever makes me think he likes this one just a little bit more than the others 

[KimLyons]

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[Retiredgeo]

NFG is a district scale play.  All of the others are just one offs here and there.  That makes NFG stand out.  It is a once in a lifetime play.

[CharlesChapman]

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