NEVSUN Message Board - Msg: 654525

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Gold/Mining/Energy : NEVSUN

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To: Doug Forrester who wrote (6)	1/14/1997 5:06:00 AM
From: Frank Sprenger	of 205

I am also long on this stock. It now shows some resistant around 7 $. At this level, with 19 million shares outstanding and about 2.7 million ounces of preliminary gold resources, the market gives Nevsun 50 $ (Canadian) per ounce. This is what you get these days, not more. In that respect, Nevsun is not undervalued. Only more drill results and resource calculations will move this one higher. But it might also be a target for a takeover. Since the deposits remain open in all directions, I am confident that the share price will be higher as soon as more drill results, and resource calculations are published. Does anybody know what the schedule is for new results? Nevsun is one of the safest investments right now that I have in my portfolio. If it drops below 7$, I will buy more. Frank

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