Fosterville, Beta Hunt 'puking up' gold

ERIC Sprott declares that he loves Australia, and a look at the performance of his investments makes it easy to see why.

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Eric Sprott at the Precious Metals Investment Symposium

The Canadian mining billionaire has been involved with some of the standout stories of the past 18 months.

He is the chairman and 10.5% shareholder of Kirkland Lake Gold, and holds 10% each of Novo Resources and RNC Minerals.

RNC has been an excitement story of the past few weeks due to the discovery of large specimen stones at the Beta Hunt mine in Kambalda.

"It's a huge resource," Sprott told the Precious Metals Investment Symposium in Perth yesterday.

He said Beta Hunt was "puking out" gold.

"This is a very sick company, thank goodness," Sprott joked.

"It's puked out something like 35,000 ounces of gold."

Sprott described RNC's finds as a "world-first", being among the largest specimens ever found.

"I wish I was the C...