Finally got to listen to it...
Fascinating interview for a number of reasons... I've been followed by Sprott into many investments over the years, starting with a little company I owned that turned into Kirkland Lake. Recently, after a few years on hiatus, and with a couple of notable exceptions, its been more me following him... although... by this point... what is there out there that Sprott doesn't actually own already ? The point though... is I've been listening to him for a long time... and I don't remember ever hearing him be as unguarded and straightforward in his assessment and expression of opinion about what's happening in the markets as he was in the first couple of minutes... What I take away from that is far less to do with the meat of the opinion... as his is not unique in terms of what it says... lots of others saying the same things. Its far more to do with the changed demeanor and tone as Sprott expresses it... without a lot of his usually quite guarded and careful consideration of the things he says... And, now, clearly... he doesn't give a shit... and that's refreshing.
I might tend to read to much into that... but, as an observer... that's what I observed... and I tend to think that changes like that might be meaningful... in the tipping point analysis re the "Emperor Wearing No Clothes" aspect of how people might be changing in the way they are viewing the markets... Long past the point where anyone is shocked by it... clearly to the point where the reply is "Yeah... the crazy old coot is naked most of the time these days"... expressed without any concern that the expression may come paired with a risk... A finger on the pulse... thus saying... even the participants in the game are growing weary of being made out as being such obvious prats... while no one seems to be afraid of them any more...
On the rest... yeah, not shockingly, I mostly agree... The Newfoundland Gold Camp is still mostly really early... and trends revealed by soil sampling are mostly pretty unexciting stuff... I will disagree with him on one thing... he noting that "all the good stuff" is already taken... which I an much less sure is true... given I think there might well be a few surprises left to discover in the structural geology... that others have missed.
But, otherwise, yeah... the Queensway opportunities are pretty well sewn up...
He's spot on, again, that we've not really seen anyone else reporting high grades in wide intercepts... some of which is likely due the relatively small scale or slow pace of the drilling... relative to the pace at which NFGC was poking (and reporting) holes there for a while... when they hit the couple of holes that everyone else wants to mention... but haven't be able to duplicate. But, some is also likely due to "the problems" at New Found... paired with the markets... not really motivating anyone to be reporting anything, these days...
It still hasn't dimmed the efforts being made (and reported) over on the Valentine trend much... where the expectations are typically lower anyway... and results are often thus exceeding the expectations in result...
Did New Found stop drilling at the furious pace they were ? Or, are they not reporting results until they can ensure "no more problems like that" ? So, I think the whole camp is probably on hiatus for the duration...
which will perhaps be enabling some opportunities...
I've been working on developing a similar camp focused page for the BC Golden Triangle... own a bit of Seabridge that's not "a trade". And, discovered Tudor and Teuton back in April/May... off the 2020 highs...
But, reporting the results they have... and still having the stock trading below where it was then ?
And, you think this market for gold miners isn't broken...? Tudor trading right where it was after their last PR ? Big intercepts not getting the love as much as high grades these days, apparently... but, ounces are ounces... and they're trading only lower after announcing a resource of 28 million ounces ?
What's wrong with that picture ? I don't know... remote sites, low grades, huge capital required... is still an issue in BC, even with progress made in stringing power poles up there... still a massive expense to link up to them in a new mine site miles and miles away...
Note all the gold in BC is low grade, though... and they're early, still, not done looking yet... ?
But, i think there may be a couple of penny stocks with the right skills that are poking around up there... and they might have the potential to make a similar discovery... Tudor and Teuton both under $0.30 in March of 2020... without it requiring a big drop to get them there ?
I'm happier with anything that's got higher grades, that's nearer surface, a couple miles from town with roads and power, maybe other infrastructure already on site... or... able to get into production and make $ without diluting itself into oblivion before making enough gold that it covers the costs and leaves a profit ?
On Pure Gold... agree again... time will probably solve the problems there... but, meanwhile... I bought it at a dollar earlier this year... sold it at $1.50... and while waiting for a reentry... continue shopping for "better, cheaper, faster"...
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