RE: Paradigm has $8.50 target Nevsun has increased its total 2012 gold production twice so far this year.
The initial forecast was 190,000 to 210,000 which was increased to 240,000 to 260,000 oz in June/12 and recently to 280,000 to 300,000 ounces .
The improved outlook is attributable to continuing unusually high gold grades encountered in a portion of the oxide zone that is the interface between the gold oxide and copper supergene zones, commonly termed the acid domain.
In other words, an other 100,000 oz will be produced this year above the initial forecast.
This will add $175 million to gross sales and about $145 million to annual cash flows of which another $120 million or so will be free cash flows directly to the cash position.
Paradigm did not include this latest expansion .