Newstrike Capital Inc NWSKF

Great Hole

[taylor1988]

From CBJ for sure, certainly can't deny that. Personally I'd like to see more continuation and more holes of the same magnitude given the current market cap. CBJ at $1.00 is worth $167 M market cap fully diluted which I think is fair considering this huge intercept but without more holes of these grades to confirm the discovery. This hole basically comes in near the same gram meters as AP-51 and AP-48 but well below AP-37's with about half the gold. I think a re-rating is in order if they can hit something else like this but at this point I don't see the same multi-million ounce potential as Ana Paula at their Vetas project. The difference between CBJ and NES is that CBJ has released one monster hole and NES has released a couple huge holes on par with CBJ's today but 5 more holes still with impressive grades to confirm it wasn't a one-hole wonder. Only other thing I don't like which is the proximity to Greystar which has 12 Moz and still can't get past environmental concerns and get any value for their ounces. Great start for CBJ but I wouldn't be trading off NES shares for CBJ at this point.