Newstrike Capital Bottom In, its Up from here
TXG exceeded a billion $ mkt cap before they released their updated resource with 3. something million ounces..
3/5 of TXG mkt cap is a very rough estimation.. we will have to wait and see into which category our 3.something million ounces ounces fall.. the valuation of M&I ounces is far greater than indicated..
the market being what it is has chopped valuations across the board..when the tide turns.. and it will ..NES will rise just slightly later then the majors but much sooner than the majority of the penny market..
in my “happy scenario” i see NES rising contemporaneously with the majors but on a much bigger percentage basis forcing the hands of anyone looking at the company as an acquisition (esp if it is a stock deal)..
fundamentally everything is great on the property, Gillian and Craig are drilling ahead on exploration and delineation. The breccia is still not drilled out and i am confident i will have the year low trade when the buyout comes!
IMHO those that have bought in the last couple of weeks will be handsomely rewarded for their apt trading instincts!
NES will be attending
May 29-30, 2012 Latin American Mining Conference London
warmest regards
caliche
