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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?


To: Claude Cormier who wrote (56398)2/11/2008 12:01:23 PM
From: ogi  Read Replies (1) | Respond to of 78410
 
The need for foreign capital/expertise did not stop Mongolia from ruining the industry. Same for Venezuela, which is just raping its oil fields for now but they are not taking good care of the assets. Although I believe Ecuador,itself and Correa are far more sophisticated than the formerly communist Mongolians.

I have decided to be out of Ecuador until I know the rules because I could not afford to lose my ARU profits if things went bad. For others a speculative allocation as you suggest Claude,
ie DMM or ARU could be very profitable. I plan to look for juniors to buy there as soon as we know the rules.

Cheers,
Ogi



To: Claude Cormier who wrote (56398)3/25/2008 11:05:35 AM
From: AuBug  Respond to of 78410
 
Nevsun Resources Ltd.: Tabakoto Sale
Tuesday March 25, 9:36 am ET
(Could clear the way for a sale, good news either way.)

VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Mar 25, 2008 -- Nevsun Resources Ltd. (Toronto:NSU.TO - News)(AMEX:NSU - News) ("Nevsun") is pleased to announce that it has entered into an agreement for the sale of all of its interests in properties in Mali, including the Tabakoto Mine, the Segala property and exploration properties. Avion Resources Corp. (CDNX:AVR.V - News) has agreed to pay Nevsun $20 million plus a 1% net smelter return royalty on future production, subject to normal regulatory approvals and financing by Avion. Closing is scheduled for on or before May 23, 2008. Avion has agreed to a US$1 million break fee if the transaction does not close on schedule.

Nevsun engaged Genuity Capital Markets as its advisor in connection with this transaction.

The additional $20 million will go towards Nevsun's share of the development costs for its Bisha project in Eritrea (refer to recent news releases dated February 25, 2008 and March 3, 2008).

Forward Looking Statements: The above contains forward-looking statements concerning the company's Mali assets and other events or conditions that may occur in the future. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible" and similar expressions, or statements that events, conditions or results "will", "may", "could" or "should" occur or be achieved. Forward-looking statements are statements about the future and are inherently uncertain, and actual achievements of the Company or other future events or conditions may differ materially from those reflected in the forward-looking statements due to a variety of risks, uncertainties and other factors. The Company's forward-looking statements are based on the beliefs, expectations and opinions of management on the date the statements are made and the Company assumes no obligation to update such forward-looking statements in the future. For the reasons set forth above, investors should not place undue reliance on forward-looking statements.

NEVSUN RESOURCES LTD.
Dr. John A. Clarke, President & Chief Executive Officer

Contact:
Contacts:
Nevsun Resources Ltd.
Judy Baker
(416) 786-7860

Nevsun Resources Ltd.
(604) 623-4700 or 1-888-600-2200
Email: nevsuninfo@nevsun.com
Website: nevsun.com

Source: Nevsun Resources Ltd.
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