Re: It seems Newstrike did strike again
in response to
by
posted on
Nov 29, 2011 02:53AM
We may not make much money, but we sure have a lot of fun!
There's no time stamp on their NR. This must have come out after the bell, no?
I've been thinking about where this thing could go and I'm reminded of Virginia Mines. For those who don't know, Virgina sold their Elanore deposit to Goldcorp back in 2006 and a new company was spun off to continue exploring adjacent land, plus additional targets, all in Quebec.
Given the proximity and close relationship, I could see something like this happening where Goldcorp takes over Ana Paula, and NES investors get Goldcorp shares plus shares in a new explorco. It's also worth noting that Virgina receives a 2% NSR from Goldcorp, so it's possible that could be part of the deal.
I'm just theorizing here - no hard facts - but the two situations are more or less comparable.
And let's not forget that NES has also staked claims in Oaxaca. From their website:
The district is underlain by a large polymetallic epithermal mineralizing system that is host to the Taviche, San José, Ejutla, and Lachigalla Mining Districts, and several other historical mining districts. These districts share the same geology and mineralizing system and, until recently, and despite a long mining history, had seen little modern exploration. In the last few years, several international junior mining and exploration companies began aggressive exploration in the area resulting in several new discoveries, including the San Jose, Higo Blanco and Cobre Grande discoveries of Fortuna Silver Mines Inc, Aura Silver Resources Inc and Linear Metals Corporation, respectively. The full potential of the area is only just beginning to be understood and it is an up and coming area with excellent potential for continuing discovery.
So, once Ana Paula is sold, even if the whole land package goes with it, there's still another interesting project for a cashed-up post-sale company to go after. Good project, good management, good financing, good neighbors, and a (potential) good exit strategy. I keep trying to find something wrong with this sucker but I can't.
Now all we need is another Armagedon moment to take the markets down hard so we can fill our boots...LOL!
ebear