RE:a few pointsMG NSU is a survival stock something to hold while macro conditions are tough. My only complaint about Davis is he is grossly overpaid relative to other mining executives operating a one mine operation and I have disagreed in the past on their strategies. They should fully position the company for the zinc cycle and technically hedged 40mliion lbs of copper (the amount of production during the primary phase and opportunity now gone) and then be savvy enough to hedge near the top of that likely bubble because the top won't last very long.
I agree that the lack of mine diversification has been the right call so far as a generalization and appreciate their strict discretion but I am seeing one producer trading at a 1PE from operating earnings and will earn this amount for another 9 years assuming selling prices and costs are locked in and if they have the guts to dump their crappy "capex projects" but they keep them irregardless of quality to guarantee their future employment.
Trust me these complaints are minor compared to how most of the mining sector is poorly run and clearly for the benefit of the executives/directors club and not the risk takers.