RE:How high will NSU stock price be in 1 year?It looks like I was "wrong" in my estimate. I had said $6-7 CDN within 1 year. I think it might, just might be a lot higher.
To the list above, we need to add the value of the reinvestment of Receivables, by "increasing its total land package of exploration licenses to 814 square kilometers, up 1,891% from 41 square kilometers in Eritrea's Bisha Volcanogenic Massive Sulfide (VMS) Distric".
How much is that worth? Conservatively speaking that alone is worth at least $1.00 per share, on the news alone. Much much much much more, in a few years time
Nice to see the commitment for Timok "The final associated PFS budget for the Upper Zone will be finalized during Q3 2016. Preliminary estimates
of the capital allocation for Upper Zone activities for H2 2016 currently range between $10 million to $15 million."
Additionally we await further news on the Zinc Floation Plant. I would expect another leg up on that news within the next few months:
Here's the latest update, from Management Discussions Release, 2nd QTR
"Commercial production is an accounting definition. It will be achieved when the process plant is capable of operating in the manner intended by management. The three key parameters for passing through this accounting determination of commercial production include plant throughput, concentrate grade and recovery. The plant throughput objective will be achieved during Q3 2016. The copper concentrate grade and copper and zinc recovery
levels are taking longer than expected to be achieved and management estimates this will only incur during Q4 2016. The key challenges in achieving these latter two parameters are the variability and mineralogy of the ore and associated appropriate reagent additions.
As the production rate of copper and zinc concentrate going forward is expected to be similar to those of 2015, there is no need for additional transport or shipping infrastructure upgrades. The existing Rotainer trucking and loading system used to load, transport and unload concentrate materials for shipping continues to operate safely, efficiently
and in an environmentally sound manner.
The Company has continued discussions with zinc smelters and traders on the sale of zinc concentrates from the Bisha Mine. Feedback from these parties indicates that Bisha’s zinc concentrate will be highly desired for its quality.
The Company remains uncommitted to any future zinc off-takes as the Company believes that global mine shutdowns and production cutbacks in the zinc market announced in prior periods will continue to result in a tight market for zinc concentrates in the second half 2016 and into 2017, sustaining the recent drop in treatment charges for zinc concentrates and the upward movement in refined zinc metal prices."
https://www.nevsun.com/investors/financials/
All Aboard The New NSU Bull Express