How to View Eric Sprott’s Mining Investments: Junior Mining Insights with Bill Powers & Brian Leni
Bill Powers and Brian Leni offer junior mining insights about Eric Sprott’s investments, New Found Gold Corp., overpaid CEOs, and much more in this MSE episode. Bill and Brian share why they both passed on investing in $NFG back in 2020. They discuss the ideal junior mining CEO profile and the pros and cons of a junior hiring a lead executive from a larger miner. Brian offers some of his current thoughts on portfolio allocation and exit strategy. Finally, they discuss whether late-stage developers must posture as if they are going to build the mine to receive the proper valuation from the market.
0:00 Introduction
0:53 New Found Gold
5:58 Promotion
12:06 Viewing Eric Sprott’s investments
16:21 CEOs in too many deals
20:44 Corp background CEO: pros & cons
26:49 Portfolio allocation
34:22 Exit strategies
39:59 Must developers posture as mine builders?
