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Gold/Mining/Energy : Canadian-under $3.00 Stock-Picking Challenge -- Ignore unavailable to you. Want to Upgrade?

To: Andrew who wrote (3370)	6/24/2001 6:58:47 AM
From: Al Collard	Read Replies (4) \| Respond to of 11802

Hi Andrew, Your in with NSU-t @$.38 for 26,315 shares. Chart for Nevsun Resources Limited(NSU-t): stockcharts.com[l,a]djclnimy[dc][pc20!b50!b100!b200][vc60][iLl14!Lh14,3!La12,26,9] Good luck with this pick, Al

To: Andrew who wrote (3370)	6/25/2001 2:00:18 PM
From: Al Collard	Read Replies (1) \| Respond to of 11802

Andrew, news from your pick NSU-t: Nevsun arranges for feasibility study debt financing Mon 25 Jun 2001 News Release Dr. John Clarke reports Nevsun Resources has made an arrangement with the ABSA Export Development Fund (ABSA EDF), a joint initiative between ABSA Bank Ltd. and the South African Department of Trade and Industry, to provide funds for the development to feasibility of the Tabakoto project in Mali. Up to $2-million (U.S.) the estimated cost of the drill and feasibility programs, will be provided as debt to finance the final feasibility study. Metallurgical Design and Management (Proprietary) Ltd. (MDM), a South African project management and engineering company, has been awarded the contract to manage the feasibility study. MDM was instrumental in introducing the company to ABSA EDF and in putting together the application for the export credit finance application. MDM has an established track record in Mali, the highlight being the recently completed Morila project for Randgold Resources and Anglogold. ABSA EDF has agreed to provide interim financing of $500,000 (U.S.) as a bridging loan while the $2-million (U.S.) loan is finalized. The terms of the loans will be at export credit rates (2.25 per cent for the first $500,000 (U.S.) and 6.25 per cent for the rest of the loan) for a two-year time period and will be supported by an export credit facility through the Credit Guarantee Insurance Corp. of South Africa. Upon finalization of the loan, ABSA EDF will be granted a right to acquire 1.5 million common shares of the company on the earlier of six months after the start of production at Tabakoto and June 30, 2003, subject to a buyout of the right by the company for a minimum of $500,000 (U.S.). This amount will increase based on the market price of the company's shares at that time in the event the company's market price exceeds 80 cents per share. The loan funds are expected to fully finance the current drill program and the final feasibility study for the Tabakoto project. The company has recently drilled approximately 2,000 metres of the planned 5,500-metre diamond drill program and has completed the 6,350-metres reverse circulation drill program as part of the feasibility development. Positive results from the reverse circulation drill program were reported in news releases in Stockwatch on June 12, and June 19, 2001. These programs were designed as in-fill drilling (to a vertical depth of 100 metres) to delineate the open pit potential of the Tabakoto resource and to complement the previous drill programs which delineated the Tabakoto resource as an underground mine to a depth of 350 metres. The Tabakoto project was awarded a mining licence in September, 1999. The final feasibility timetable is targeted to permit the planning of the development to production during 2002, subject to a positive feasibility study.