$1.8 Billion NSU Timok mine will reap
That is the latest estimate of what the company will make with just the Timok mine production over 15 to 20 year life span. More areas to drill around Timok though could prove to be fruitful also making this one of the worlds best copper/gold find.
Company buyout possible from majors as this is a mid tere company with 2 great production areas. Debt free also adds to the speculation that NSU might be taken out by a major.
Valuations for share price from $4.25 to $7.50 from various analysis reports. This i think is low and price could go much higher if copper prices continue to rise currently around $3.05 - $3.15 / lb
At Timok they have reached the stage for doing a economic assesment which from drill results released has no doubt this project will be moving forward to the construction permit stage with the Serbian Govt blessing who gave the company a 10 year tax free gift.
Investors are in a good spot here holding shares of NSU as more great news is coming.
https://www.nevsun.com/projects/timok-project/