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Newstrike Capital Inc NWSKF



GREY:NWSKF - Post by User

Bullboard Posts
Post by canadian0308on Oct 17, 2012 12:12am
419 Views
Post# 20491826

Highly sorted

Highly sorted

I talked to someone in the industry (can't reveal his name) and assuming what he told me is correct,

 

1) The 43-101 resource could be out by the end of Oct. Personally I would be more conservative and say within this year. The delay of the announcement of the resource might be due to....they are finding more gold

2) There have been 6-8 companies talking to NES....any company that would like to view the drill log needs to sign a confidential agreement, that the company cannot just buy out the stake from the major shareholder (lukas lundin's stake), but has to buy out the whole company

Personally I was surprised PDG was taken out. I remember Brent Cook said the geology of PDG's property is complex, difficult and expensive (or something like that). At a weak market like this, I thought larger companies would go for quality over quantity...

 

Anyway please do your own due diligence, treat what I said with a grain of salt. Gold price went down from $200 to $100 before reaching $850 in the 70s..

 

Bullboard Posts