Newstrike Capital Strong BUY Target $10.75 with over 8 million ounces GOLD
Tony Hayes, Euro Pacific Capital (10/12/11) “Newstrike Capital Inc. continues to publish extremely encouraging assay results from this year’s drilling program on its flagship Ana Paula project. . .we looked at the published drill results, the geology, geochemistry and geophysics of both the Ana Paula project and the surrounding projects and conclude that there is indeed evidence supporting the potential for the company’s project to host a gold resource in excess of 8 Moz. . .Newstrike has a very experienced board, management and technical team that co-discovered the significant resources of Goldcorp and Torex amounting to 8 Moz. of the 15.5 Moz. in the Guerrero Gold Belt.”
I know Tony, he is a good guy and knows his stuff. Where does he give his price target?
EuroPac put out a full report on the 12th, 10.75 target is from there..in that report the upper number was 9.5 million oz!
Caliche, not sure if you knew this, but Tony had some involvement when MDL took their position in OLE and tried to get me and a number of other larger holders to sell their position to MDL. Not sure if MDL/Terranga’s is still trying to buy, but I am sure Tony knows Terranga’s position in all this…
He insight would be great for a contributor for your website…
G1
Cal, what do you think about Excalibur? Too risky?
hi cs.. i will look at it this weekend.. dont know much about it … thanks for the heads up