RE:Seems like the deal wouldn't go without amendmentWith all due respect and being a recent new NSU shareholder your post is depressing. Yesterday's drop and perhaps continued weakness for the next couple of months (enough time, to absorb, those that can't see that the NSU Bull Express has left just the station). It is part of the course that the big boys follow. It is darkest before dawn. The past is not the future. Things have changed dramatically. The geo-political issue, has been reduced due to the diversification. I suggest that people do their due diligence on Timok! It is not your ordinary exploration potential project. The capital requirement, is modest, even though I think it will take about $300 to $400 million to bring it into production including mining permits, land acquisition, the necessary greasing, etc. The analytics of market valuation of NSU is the past, is past. It was based on the so-called geo-political "noise". Cash has little value on its own. Its what you can do with it that counts. What it can buy. I suggest that NSU timing is pretty good. The market realizes that. Ordinarily when you dilute by 50% your stock would take a serious hit. NSU has dropped a modest 15%. Big deal.
I expect that the dividend will also be reduced significantly. Cash is needed to fund both Bisha and Timok. Annual cashflow will fund the project. The new Zinc flotation plant is being undervalued. Its in the "show me stage" . We'll find out in the next 6-8 months where things stand both on production and costs. That is the key. NSU operating team need to deliver just as they did in bringing it in on time and under budget. Show us the margins! I'm hopeful that it will be at least just as the it has been in the past with copper. But it might take some time for the production team to maximize returns once they get the feel and understand the process which is challenging and complex. Zinc prices are heading higher, taking the stress away from lower copper prices. Nice mix, The timing is good. Smart money says that will take a few years. So I'm expecting that Timok will be brought into production by 2019 to 2022. There will be a lot of noise before that but, the process of obtaining permits, perform pre-feasibility, feasibility studies will take at least at least two years. In return there will be significant capital appreciation as the money is re-invested more efficiently and productive. That is the new Nevsun. Capital appreciation and not dividends. Much higher stock prices. Expanding growth. Expanding margins. Expanding reserves. Higher multiples.
All Aboard the NSU Bull Express
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