Been watching the trading on NSU closely. I have a position in NSU
house 27 Dundee been on the buy side quite a bit as has 33 Canacrok.
There was news today
Nevsun Resources Ltd (C-NSU) - News Release
Nevsun contracts engineering firm to design Tabakoto
Nevsun Resources Ltd NSU
Shares issued 55,422,606 Sep 29 2003 close $ 5.00
Tuesday September 30 2003 News Release
Dr. John Clarke reports
NEVSUN APPOINTS MINE MANAGER AND COMMENCES DETAILED ENGINEERING DESIGN FOR TABAKOTO PROJECT, MALI
Nevsun Resources has contracted MDM (Metallurgical Design and Management) of South Africa to commence the detailed engineering design of the process and infrastructure services for the 650,000-tonne-per-year Tabakoto gold project, located in Mali, West Africa. In July, the company announced that Investec Bank had been mandated to arrange and underwrite the project financing for the Tabakoto project.
The company has been building up its Mali-based management team during 2003 in step with the requirements to progress the Tabakoto project through financing and into production. The company is pleased to announce that Denis Gregoire has recently joined Nevsun as the general manager/mine manager for Tabakoto. Mr. Gregoire is based in Mali and will manage the on-site mining and project development for the Tabakoto project. Mr. Gregoire has considerable experience in the managing of both surface and underground mines, and is experienced in taking mines from the design stage through commissioning and into production. His most recent appointment was with Breakwater as its general manager of the Bougrine mine in Tunisia.
A key step in the financing and development of the Tabakoto project will be the selection of the mining contractor. The bid document for the mining contract has been drafted by Snowden Mining Industry Consultants and a site visit for prospective bidders has been arranged for late October.
Management believes that the new high-grade discovery at the Bisha property in Eritrea complements Nevsun's advanced Tabakoto and Segala projects in Mali, West Africa, as they provide for regional project and corporate growth. A 14,000-metre diamond drill program is scheduled to commence on Oct. 10, 2003, at the Bisha project.
WARNING: The company relies upon litigation protection for "forward-looking" statements.
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