Sprott: Rick Rule's Portfolio Ranking of Greatland plc5 Jan 2022 09:52
BUMP: Posted on the 23rd Dec
Rick Rule's Portfolio Ranking
Rick Rule has asked that I communicate directly with you. As you will see below, I have deep familiarity with the mining and precious metals markets. My specialty is exploration companies, which is why I've been chosen to correspond with you. I look forward to having future discussions with you, concerning how I can be of use to you in natural resource, and particularly exploration investments.
I've asked Mr. Steve Todoruk, an employee at Sprott Global Resource Investments, to contact you to answer any further questions you may have. Mr. Todoruk has had a long and successful career in mineral exploration, and mineral exploration finance. Originally from Canada, Mr. Todoruk was a consulting exploration geologist, and president of several public junior exploration companies before I was able to recruit him to SpCom
Sincerely, Rick Rule
Please note that rankings and comments provided herein are not investment recommendations. Specific recommendations are available to Sprott clients. These rankings are numerical, 1-10, with 1 being best. Note that the criterion is risk-adjusted reward, so that higher risk companies may still enjoy a more favourable ranking than lower risk companies, although they may be less suitable for individual portfolios. Comments accompany rankings where appropriate. Both comments and rankings are “snapshots in time” subject to rapid and unannounced change based on news or market conditions. Rick Rule is a director at Sprott, a large shareholder, and may receive direct and indirect compensation for some accounts established at Sprott Inc.
Ranking 4
Comments
Greatland Gold plc (LSE:GGP) One of my current big wins for my clients. I got them in about 2 ½ years ago when they drilled their big discovery drill hole #5 of 250 meters grading 5 grams per ton gold. This is one of the top new discoveries of the last 10 years. JV partner – Newcrest Mining, just announced a maiden resource of 4.2 million ounces of gold equivalent. The deposit is wide open so as Newcrest continues to drill it while they soon start driving an underground decline, I am certain the deposit will get a lot bigger. Newcrest should take them over but if Newcrest feels the takeover would be to expensive, the worst case scenario is that Newcrest starts mining this very profitable deposit and doesn’t takeover GGP, then Newcrest will have to share 25% of the profit from the mining operation meaning GGP turns into a very profitable miner and would be re-rated accordingly. Be patient. *** just announced yesterday*** Newcrest is about to buy an extra 5% of the Havieron project for fair market value. A takeover might be looming after this deal.