GREY:NWSKF - Post by User
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FANTOMASon Mar 23, 2012 6:37pm
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Early-Stage Investing Opportunities: James West an
Early-Stage Investing Opportunities: James West an James West on his new fund, which is investing in NES (from today´s Gold Report Interview):
https://www.theaureport.com/pub/na/12876
JW: One of my favorite companies just because of its constant stream of great news—which makes me look much smarter than I am—is Newstrike Capital Inc. (NES:TSX.V), with Richard Whittall as president and CEO. Newstrike, which is developing the Ana Paula deposit in Guerrero, Mexico, continuously issues drill results that are better than 100 meters and up to 5–7 grams per ton. Its people are quietly focused on growing the resource, but Newstrike's an overlooked opportunity because it isn't out there waving its arms around. For us, that's representative of a best-case scenario in terms of a management team that's more focused on building the asset than on telling the story and raising money.
That said, Newstrike has plenty of money in the bank. It just completed another bought-deal financing and the asset continues to grow. In that situation, you just put your money into that investment, leave it alone and let it do its thing. At the end of the day you're going to see a return in the high triple digits. For our unit holders that's going to be a homerun.
FANTOMAS