RE:If you’re politically correct or too sensitive,DO NOT CLICK!Remember how Lundin fluffed Reservoir just enough for NSU to swoop in with the "big stick"!!!
By that time, with a little additional cash, Reservoir was good to go and coughed up Timok to NSU!!!
And hindsight being 20-20 what a game changing purchase it was for NSU. We can in part thank Lundin for their services then but by no means should we project altruistic intentions lol.
Even at CAD $10, NSU/Timok will likely once again prove to be a game changer for the purchasing company...so why should we settle for some lowball bid or even another seemingly "bigger stick" bid?
It needs to be a legitimate stick, and CAD $7.50 minimum is the number. Otherwise leave us to our own devices, WE WILL FARE MUCH BETTER ALONE!!!
Some of the talking heads give CAD $6.50 for NSU as the number, but what do they give for the lower zone? What do they give for expansion potential? What do they give for almost certain extension at Bisha (beyond the already extended 3 years)?
If you have yet to see it, make sure you take a gander at the latest NSU investor presentation, it's all there.
HERE'S THE LINK!!! Here's a quote, from Cormark Securities guy (this outfit originally started out as Sprott Securities)..
“IN OUR OPINION, TIMOK IS
ONE OF THE HIGHEST PROFILE
DISCOVERIES MADE IN RECENT
DECADES, UNDERPINNED BY A
DEFINED HIGH-GRADE
EPITHERMAL RESOURCE
DIRECTLY ADJACENT TO LARGETONNAGE
PORPHYRY
POTENTIAL AND A MAJOR
JOINT-VENTURE PARTNER
PARTIALLY FUNDING DEEP
(PORPHYRY) EXPLORATION.”
STEFAN IOANNOU, CORMARK SECURITIES
If you had to own any mine you probably couldn't choose/find a much better place than Serbia in terms of the infrastructure and mining culture already in place.
And when NSU is spitting off US $600-700 million in cash (especially in the beginning 3 years), carries no debt, and is amassing a war chest of money, what possible valuation would you imagine would be fitting of NSU? And that is just from the upper zone!!! Could NSU justify a dividend again? Oh the possibilities!!!