Newstrike NES-v Strong BUY Overweight
The Guerrero Gold Belt is getting more attention these days with the addition of new players, relative value is becoming evident. Newstrike has the most advanced project in ANA PAULA. It also has the lowest market cap at this time.
We re iterate our STRONG BUY at this time
We have added another 10500 shares this morning making NES our largest holding both in dollar value and number of shares.
I met with the company Friday afternoon and drilling is going along very well. Subsurface geology is becoming predictable at this point with assumed gold bearing rock being continuous and homogenous. Assays to follow.
