Who is going to buy NSU in the next year or so??
My guess would be that it could be some kind of 3 way deal between LUN+Chinese. The Chinese would get Bisha and everything Eritrea (the old NSU) and LUN would get Timok and everything Serbia. It would be hard for a public company to justify to their shareholders having to deal with a totalitarian government like the one in Eritrea. Therefore Bisha would have to be sold off either before or as part of a deal. LUN really wanted Timok as they offered $262 million just for a chunk of it. They are pis sed at NSU for basically stealing it from them. I can easily see a bid totaling a minimum of $1.5 billion US for Bisha and Timok combined. This can be more if they keep producing drill results from Timok like they did last month. Easily more. Sure looks cheap here considering that Bisha alone is worth the cap today....$1.5 billion would be $5 US per share. $2.1 billion would be $7 per share US. The latter could easily happen if things start lining up and we get a nice bump in base metals next year.....