RE:13.5% copper grading with after-tax IRR of 106% for Timok
XBC...the price target set by TD is way too low...NSU should've been trading at that level ($6 CDN) prior to the acquisiton of Reservoir. It was held back due to a "classification" of being high risk, due to geo political reasons. The acquisition has transformed NSU. The upcoming "rerating" from "high risk" to "moderate risk" in the geopolitical area should propel the new NSU to the SP mentioned by TD. However, I do not believe, that these investment houses really understand the value of the Reservoir projects. Presently its being valued at less than $400 million US, which is a joke. NSU owns 100% of the Upper Zone. It has the financial strength, the mine operating experitise, to provide the exploration funds that are required to verify and expand Timok resources. That is the key. The market is undevaluing the component, of the NSU mine operating team, in relation to Timok. Additionally the Reservoir assets are not just Timok! There's tremendous potential in other areas.
There are numerous upcoming catalysts that will propes the new NSU higher and higher. Astute investors are positioning themselves, the momentum players will join in once there's a change in perception of the new NSU. Financial strength, mine operating experience, pool of technical expertise, two great projects, and paying a dividend.
All Aboard the new NSU Bull Express
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