Nevsuns huge potential
things to remind yourself for going long on Nevsun....
1) Bisha is in full production mode....taking advantage of great commodity prices
2) They are producing roughly 90000 oz of gold per quarter.... * 1600 gold price....$$$$
3) They are substantially increasing their cash on hand every quarter
4) They have a cash cost per ounce of $300 per ounce...one of the lowest in the industry.
5) 4th quarter...they will be releasing new deposit survey results that are projected to be double the reserves they have now.
6) They have a great working relationship with Eritrean govt. and people...
7) In one of the last releases....They made it clear about using a consulting financial firm... could lead to possible sale of the company.
8) With all thier cash flow...one of two things could happen.... a special declared dividend.... or growth of the company by aquisition. (this could be where a massive short squeeze can take place and parabolic move higher) especially in this tight market....