RE:Seeking Alpha Report Conclusion
After the Tenke Fungurume sale is completed, Lundin Mining will have approximately $2 billion to play with. Nevsun Resources is a logical target. Lundin was interested in the Timok project several months ago, just before it got acquired by Nevsun. Moreover, Nevsun's producing Bisha mine could replace Tenke Fungurume immediately. Bisha is interesting also for its production mix, as it produces copper as well as zinc. Both of the metals are red hot right now. If an offer comes, Nevsun shareholders could get at least $5 per share.
I agree with this conclusion, but see NSU as being capable of getting to $10 and even $20 all by itself.
Maybe this explains the "Big Seller" it could be Lundin related, to soften up shareholders to accept a $5 bid, because if it was $6 right now, Lundin might have to pay $9 to get NSU.