Midas Letter likes Newstrike
Excerpt from the Midas Letter
And I really don’t want to miss the chance to talk about Newstrike Capital Inc. (NES:TSX.V). It’s shaping up to be a monster, and we have yet to see a new resource calculation from that deposit since Richard Whittall and his team started announcing drill intercepts that dreams are made of. Since the company acquired the project in June 2010, it has done nothing but announce stellar intercepts from an area that comprises roughly 10% of the whole strike length. This year alone, Newstrike has announced 120m of 4.6 g/t gold on August 3, 190m grading 3.52 g/t gold on June 27, 112.9m grading 2.51 g/t gold on June 6, and 230m grading 7.51 g/t gold back in April. A classic Mexican gold mine in the making.
