potential blows ventana out of the waterJames West from midasletter has referenced NES a couple of times now in public publications--apparently he was recommending it to his subscribers a few months ago. With good reason, he (and most of us, I assume) are on the hunt for "the next Ventana".
With Ventana having gone from practically nothing (
.50/sh) at the start of 2009, to about $10 a year later, I thought I'd scroll through their historical news releases (still available on their site), to see what kind of drill results they had come up with, that sent them flying 2000% in one year.
After a cursory review, my findings: Ventana does not have a single release showing anything remotely close to 230m at over 7g/t (within 300m+ at around 6g/t)---this result is insane. they have a few in the 100m range at 5g/t or so, and many in the 20-50m range at 10g/t+, but early on in their campaign, nothing I can find like this.
During even
average market conditions (as opposed to current conditions in which gold stocks are about as undervalued relative to gold as they were during the market panic in 2008, hence pathetic market sentiment in the gold sector), that result could easily have taken NES into the $4 range--definitely above $3
Ventana kick-off discovery was headlined in 2008: 106.5m at 7.81g/t
A few more results like we just saw the other day, and we most definitely will have the next Ventana on our hands
PLUS: NES has the huge added benefit of being in MEXICO, NOT COLUMBIA, home of the Greystar fiasco.