Newstrike Capital Inc NWSKF

Costs

[taylor1988]

The costs at worst would be in line with Los Filos which is operating at less than $450 / oz for 345,000~ oz of production per year. Given the fact that Los Filos operates at under 0.7 g/t au and our low grade bulk tonnage is closer to the 0.8 + g/t au range with silver credits would give us closer to 1 g/t au gold equivalent at least. The breccia would be our high-grade starter pit for the deposit which would have incredible cash costs and is what we're most worried about since that is what lowers the IRR on projects and gives majors the nice quick pay-back. Brent Cook is a good geologist but the money I'd have lost listening to him is enough that I don't place any weight on his statements, whether they're stock picks or geological info. Brent Cook himself said that he wanted more confirmation after AP 11-37 was announced even with 275 m @ 1.43 g/t au and 52 m @ 6.9 g/t au already released. If you had listened to Brent Cook you wouldn't have bought on the news and would have missed the almost double to $2.87, and you'd also have missed the buy on dip at $1.85 when it pulled back. How's this for confirmation for Brent Cook on our breccia since his comments. 120 m @ 4.6 g/t au, 190 m @ 3.52 g/t au, 116 m @ 4.71 g/t au, 112 m @ 2.51 g/t au.