The Investment Doctor
Long/short equity, value, debt, base metals

Newstrike Capital - Another Interesting Company In The Guerrero Gold Belt

Introduction

In this article I'll have a look at Newstrike Capital (OTCPK:NWSKF), a $100M market cap advanced stage gold explorer in the Guerrero Gold Belt in Mexico, approximately 125 miles south of the capital of Mexico City. Newstrike's Ana Paula project borders Torex Gold's Morelos project and is nearby Goldcorp's producing Los Filos mine which produced 340,000 ounces of gold at a cash cost of $551/oz in 2012.

(click to enlarge)

As trading on the US-listing is quite limited, I'd recommend to trade through the TSX-V facilities where Newstrike is listed with ticker symbol NES.

Even though I'm not very keen to add an explorer to my portfolio, I believe Newstrike Capital offers a decent value-for-money in...

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