Nice move this morning, to $1.25. I spoke with IR this AM, and
they are fairly optimistic. They may get a deal with Ashanti, and
this is not under wraps, since Ashanti announced their interest openly
in the Kubi project.
The Tabakoto project is also being worked on, as the release
indicates. We are looking at a junior company with up to 2.5 mill
oz of gold, and somewhat leveraged to the POG. In a good market,
we know that Nevsun can trade much higher. With 28 mill shares
fully diluted, assuming in ground value of C$40, we could expect
a fair valuation of the company at nearly three times the current
price. Definitely nothing to sneeze at. All we need now is
a decent rise in the POG. It seems only a short 2 1/2 years ago
that the stock sold for levels as high as C$16!!
Regards
Dan |
