Post by
Demon11 on May 04, 2016 4:06pm
WHAT TO PLAY
After a long wait - interesting developments! The Serbia play is unusual in that it is one of the better or best Cu opportunities around. The grades are almost too good tobe true -- the likelihood of making money in the upper zones is unique. The avialability of supporting mining infrasture close by also presents a big competitive advantage cost wise -few new mines enjoy this type of situation S0 - its looking very good for RMC. But, the question is - is it the right one to play. NSU already has a good property, has expansion potential, is profitable AND pays a dividend. There are 200 M Shares outstanding (before RMC) at a market cap today of $840 M. NSU has value -- and has trade in the $6-7 range with better Cu pricing ----hmmm! Lets say a bid was made with a 20% premium -- a little over $1 Billion to acquire a good producing mine plus an ore body with significant Cu and AU (soon a mover and shaker again it appears).potential. IT would seem to me that the play is to buy NSU now because it looks very tempting as a take over target itself ! - but who knows eh - its mining with all its ups and downs and risk