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Newstrike is a gold-silver focused exploration and development company, targeting known and historic mining districts in Mexico.
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Message: NES - stay where you are!

Cool_hand_luke
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NES - stay where you are!

posted on Jun 28, 11 05:31PM

I am in the middle of a power move... Trying to free up cash so I can load up on NES! Please do not hit another mother load, or others reading this post - please do not buy in for a couple of weeks. This is my retirement we are talking about!

With that said... Yes these holes were infil, yes they were what the market more or less expected... However I don't think either of the following are true.

A. We have less than 3MM oz here.

B. When it comes time to sell these onces will be valued at $50 per oz. More like $500 per oz with the grade and how shallow this deposit is. So yes 5-10x current share price once the resource is dilinated. But hold off

C. Lundin has done this before and knows how to get the best price when we sell to Gold Corp. But that won't be for a while.

Please, please, please don't buy this stock... Wait a couple of weeks it is going no-where... make some money in other plays like me...

Have at least one of my power moves work this year!

Thx!

Semi

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