Eric Sprott’s Latest Video: What He Said… and What He Didn’t
Eric Sprott’s Latest Video: What He Said… and What He Didn’t
NIA Commentary
We just watched the new video of Eric Sprott discussing New Found Gold (TSXV: NFG) and Americas Gold and Silver (TSX: USA).
Notably, he did not mention Highlander Silver (TSX: HSLV) or Heliostar Metals (TSXV: HSTR)—two of his best-performing investments.
That’s perfectly fine. Those companies don’t need promotion. They are executing and performing on their own merits. Frankly, we prefer they remain undiscovered.
If New Found Gold (TSXV: NFG) performs well, EarthLabs (TSXV: SPOT) should do even better due to its royalty exposure to the Queensway Project. If NFG continues to dilute, SPOT has far less downside risk.
When discussing Americas Gold and Silver (TSX: USA), Eric did not mention antimony — the primary driver behind its elevated valuation.
NevGold (TSXV: NAU) controls what we believe is the best antimony project in the United States and is nearing a maiden U.S. antimony–gold resource. Its market cap is roughly 1/17th of USA.
| Comparison | Americas Gold & Silver (TSX: USA) | NevGold (TSXV: NAU) |
|---|---|---|
| Main driver | Antimony exposure | U.S. antimony/gold resource |
| Valuation | Priced for success | ~1/17th of USA |
| Risk / reward | Limited upside vs risk | Highly asymmetric |
Mathematically, which offers the better risk/reward?
Regardless, it is always valuable to hear Eric Sprott’s thoughts directly. We only wish he released these updates more often.
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. NIA’s President has purchased 125,000 shares of HSLV and can buy or sell shares at any time. NIA's President has purchased 30,500 shares of SPOT in the open market and intends to buy more shares. NIA has received compensation from HSTR of US$30,000 cash for a three-month marketing contract and previously received US$30,000 cash for a three-month marketing contract which has since expired. NIA has received compensation from NAU of US$100,000 cash for a twelve-month marketing contract. This message is meant for informational and educational purposes only and does not provide investment advice.
