Newstrike are exploring for gold in Mexico.
Their Market Cap, shares outstandig and share price are very much in line with St. Elias. There are two major differences.
1) Their drilling programme is about a year ahead of ours with very impressive results which led to..............
2) Coverage by a lot of analysts/ letter writers.
Their SP went from around 50 cents Aug 2010, to over $2 today as their results were released, a fourfold increase.
Does this mean our SP could go to $8 to $10 before any offer materializes, or, are our anticipated results already built into our SP. We are after all at the same market cap.
Who knows, anyone ?. It will be a very interesting 2012.
Not spamming, just comparing, I have no shares in NES (unfortunately).