GREY:NWSKF - Post by User
Post by
Zebullon Apr 29, 2011 5:06pm
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Post# 18509490
James West - Midas
James West - MidasJames West mentioned NES in his newsletter. Could be the reason for the new high! I'm glad to be on board since Monday. GLTA.
A case in point: Newstrike Capital (TSX.V:NES, OTCBB: NWSKF.PK), a Midas Letter pick from our January 2011 edition that our subscribers picked up for $1.20 a share, announced on April 20th that one of their drills had intercepted over 230 metres (755 feet) of mineralized core on the company’s Ana Paula project in Guerrero, Mexico that graded an average of 7.5 grams per tonne of gold. The stock promptly doubled, providing those who bought at $1.20 with an immediate 100% gain, in a mere three months. That’s 400% performance annualized.
Now granted, Newstrike is the exception rather than the rule. TSX and TSX Venture stocks with major discovery potential tend to appreciate more slowly, and the intercepts encountered by their drilling programs are rarely so dramatic.