Tue, Mar 27, 2012 - 2:15am
Before I start I would like to mention that this company does not mine gold or holds shares in mining companies but does hold physical gold as well investments in non-PM natural resource companies.
I have been following this company for awhile. If anyone is unfamiliar with them they will have essentially the worlds largest farm in Canada in a few years (or close to largest) and invest heavily in oil, potash, and related companies. It has a mkt cap of $450 million with essentially no debt, $125 million worth of gold bullion at mkt prices and some really interesting investments in natural resource companies. Their investment in One Earth Farms is the most interesting to me - if food prices keep rising or rise more rapidly I think this is a gold mine. The other thing that is interesting is that management thinks the company is very undervalued and are rapidly buying back stock at $4 a share which seems to be propping up the stock nicely - https://canadianinsider.com/node/7?menu_tickersearch=Sprott+Resource+Corp.+|+SCP
I think I will start a position in this. Hell the company is run by a bunch of sprott people and have Sprott, Emby, etc all on the board of directors. Let me know what you guys think....sorry in advance for placing this in gold miners topic...didn't know where to put it.
Edited by: Koddo on Nov 8, 2014 - 5:19am