RE:RE:Value - Back of the envelope analysis...I am not sure why you are pumping Nevsun so hard, but I think you need to adjust your assessment in a few key ways. I still like the company and will be looking for a fresh entry point, but personally I am out for now.
1) You need to look at the metals prices in the NAV compared to the metals prices we are seeing now. Copper and zince have been hit quite hard since June.
2) You need to look at relative valuations. It's not hard to find other miners trading below calculated NAV. It could be that all miners are inexpensive right now, and you could be taken out of NSU for +20% from here while other miners go up +50% or more from here.
3) You need to consider the stated plan of management, which is to find partners for Timok. If this happens, the psychology of the market will shift (since there would no longer be a catalyst for an immediate payoff).