RE:RE:RE:RE:RE:RE:RE:Nevsun is hemorrhaging cashIt is like deja vu all over again....
PianoMan wrote: ...NSU underestimated the chemistry and separation and they were forced to sell the zinc/copper concentrate as zinc for several quarters (as opposed to separate concentrate). They are working the issue and the situation should improve in coming quarters but in my opinion not to the thought levels. They did say they were confident to start selling some copper as copper in Q2. So for sure it is not the cash cow it once were but there is plenty of ore at Bisha and plenty of exploration in the area so this will run for decades. Once they fixed things a little, it will be a decent operations.
Now Timok is now the crown jewel.
continuity1 wrote: Pre-activation of zinc sulphide in the ore by copper metal ions due to the presence of secondary copper sulphides coupled with water exposure leading to acid generation and the production of soluble copper metal ions will persist in the Bisha orebody until 2020 and perhaps beyond depending on the degree of contamination within the Primary orebody itself. To date drill results suggest the problem persists at depth.
Get used to it, Bisha is not a copper/zinc concentrates producer, Bisha is a bulk concentrate zinc producer with other payables in product. The good news is there is lots of it and the grades are marketable zinc, an excellent selling point that Nevsun should leverage to divest of an asset that as cash could rapidly promote growth and development in Serbia.