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Gold/Mining/Energy : NEVSUN -- Ignore unavailable to you. Want to Upgrade?

To: Bat Man who wrote (149)	5/17/2000 9:16:00 AM
From: russwinter	Respond to of 205

They still had US3 million at end of 1999. Most of their cash has been spent on drilling and studies on Tabakato, which is now an advanced stage project. They should have a cash flow from the royalty of Kubi coming in. How much at present I'm not exactly sure. As to why the stock would sell off below 40 cents after reporting wide intercepts of 1/2 ounce per ton material I haven't a clue. Keep in mind that Semafo's Segala project is just a few clicks away. The thinking has always been that Tabakato/Segala combined could be a major mining operation. Semafo and it's partner Managem (Morroco's largest conglomerate) have announced a $100 million West Africa acquistion program. @ 40 cents, NSU market cap after subtracting cash is a mere US 3.6 million, so Tabakato alone sells for less than $2 an ounce for indicated and inferred material (and that's before the latest drilling round).

To: Bat Man who wrote (149)	5/25/2000 10:34:00 PM
From: russwinter	Read Replies (1) \| Respond to of 205

Nevsun still making great progress. From Northern Miner: Nevsun boosts Tabakoto 05/25/2000 Vancouver -- A newly completed infill drill program on the Tabakoto gold project in Mali indicates that the delineation of a third mineralized structure could significantly boost the open-pit and underground resource for owner Nevsun Resources (NSU-T). The 45-hole drill program targeted a previously defined open-pit and underground mineral inventory comprising 1 million tonnes grading 6.7 grams gold per tonne and 1.2 million tonnes grading 8.7 grams gold, respectively. The last 30 holes continued to yield encouraging results. Eleven of the 12 remaining core holes cut significant mineralization. Highlights included: Hole 266 -- nine zones ranging up to 32.87 grams gold over 3 metres; Hole 267 -- two zones ranging up to 31 grams gold over 2.7 metres; Hole 268 -- 10.52 grams gold over 1.2 metre; Hole 269 -- three zones ranging up to 8.2 grams gold over 0.8 metre; Hole 270 -- two zones ranging up to 19.2 grams gold over 1.5 metre; Hole 271 -- 4.55 grams gold over 2.4 metres; Hole 272 -- 4.6 grams gold over 1.3 metre; Hole 274 -- 6 grams gold over 8.2 metres; Hole 275 -- two zones ranging up to 9.1 grams gold over 5.9 metres; Hole 276 -- two zones ranging up to 10.3 grams gold over 3.1 metre; and Hole 277 -- three zones ranging up to 9.5 grams over 9 metres. Fifteen of the 18 reverse circulation drill holes cut intervals grading greater than 1 gram gold. Highlights included: Hole 351 -- 14.9 grams gold over 2 metres; Hole 352 -- three zones including 19.9 grams over 2 metres and 4 grams gold over 16 metres; Hole 355 -- 2 grams gold over 10 metres; Hole 357 -- 5.4 grams gold over 6 metres; Hole 358 -- 1.6 grams gold over 10 metres; Hole 360 -- 2.2 grams gold over 8 metres; and Hole 364 -- 1.6 grams gold over 6 metres. According to the company, the mineralized structures remain open along strike to the southwest and to depth. Based on the latest round of drilling, the junior believes that a third mineralized structure at the intersection of the previously defined north-south-striking and northeast-striking structures could add significant amounts of gold to the existing resource. "These results greatly increase our belief that the Tabakoto project will support a profitable open-pit operation at today's gold prices," said John Clarke, the company's president. Additional drilling is required before a new resource estimate can be determined.