RE:Watching, not buyingTreetop, major flaws in your numbers,
first use US dollars for $489M working capital, also,
NSU is also building a Zn circuit using their cash and cash flow and still managed decent results in Q3.
VANCOUVER, Oct. 29, 2015 /CNW/ - Nevsun Resources Ltd. (TSX:NSU)(NYSE MKT:NSU) (Nevsun or the Company) is pleased to report its financial and operating results for the three and nine months ended September 30, 2015. Unless otherwise noted, with the exception of earnings per share and realized price and cost per pound figures, all financial results are in millions of US dollars.
Third quarter 2015 highlights
- Earned $0.01 per share despite significant decline in copper prices
- Generated $127 million in cash year-to-date from operating activities
- Maintained strong working capital of $489 million, including $434 million of cash
Read more at https://www.stockhouse.com/news/press-releases/2015/10/29/nevsun-records-seventh-consecutive-quarterly-profit-in-q3-2015#jOJeb2qMXbE15oST.99