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Gold/Mining/Energy : NEVSUN
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To: tomi who wrote ()2/5/2000 9:59:00 AM
From: russwinter  Read Replies (2) of 205
 
I received an update from Don on NSU's status. ASL is close to mining out the initial 60,000 ounces from Kubi. They like what they see in exploration and need the feed. There is an good chance ASL will continue to take additional ounces at which point NSU generates more royalty receipts.

Cash levels are still healthy at $3 million US. Annual burn rate is running 700K.

Tabakoto is up in the air. Stock price is too low for raising the funds necessary to bring to production. They wish to avoid dilution. Higher POG will be big plus. There are some synergistic possibilities with Semafo at Segala.
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