I like this part.
<<Subscribers, for instance, should be thrilled with the performance of
Nevsun Resources
(NSU), the gold and copper company whose Bisha project in Africa's
Eritrea just might near that of Mongolia/China mining house Ivanhoe
Mines (IVN) in terms of the size of the resource. "Copper," CIBC analyst
Jack Jones told me over dinner in London, where I was rubbing elbows
with the prime minister of Mongolia and a flock of high-powered asset
managers, lords and ladies, "is the place to be for the next few years
at least." See:
Ivanhoe's tidal wave to sweep copper and gold markets.
cbs.marketwatch.com.
Shifting continents, to the Africa front: I expect shares of Nevsun
sister company Sunridge Gold (SGC) to continue their sharp gains as the
company, commandeered by Ashanti Gold veteran John Clarke, begins to
unveil fresh data on the extension of its Bisha complex, and the depths,
widths and grades of copper and gold in that revived African nation.
Nesvun's already robust shares sometime in the next three weeks will
stage a considerable move higher, most likely a $3 Canadian gap-up in
price, based on what almost surely will be lush mineralization at the
Bisha project. Along for the ride: Sunridge, whose tiny market
capitalization will swell as Canadian and American fund managers look
for other Eritrea alternatives.>> |
