Friday, September 23, 2016 11:31:25 AM
That is $5 billion in profits at today's depressed prices for copper, zinc and gold. With just a 50% recovery in prices from prior highs NSU would likely make over $10 billion in profits and that does not count reinvesting profits in more mines.
Nevsun Resources - Continued Immense Growth Potential
Sep. 23, 2016 10:28 AM ET| About: Nevsun Resources Ltd. (NSU)
The Value Portfolio
Summary:Nevsun Resources stock price is almost 20% below the company's peak when it announced its acquisition of Reservoir Minerals.
Nevsun Resources' present assets have the potential to generate almost $5 billion in profits over the next few decades, not bad for a $1 billion company.
Nevsun Resources' strong potential for returns shows why the company is a solid investment at the present time.
Introduction
Nevsun Resources (NYSE: NSU) is a Canadian mining company headquartered in Vancouver, Canada. Despite the company's base location, the company currently operates exclusively in Eritrea, Africa. Recently, the company has purchased Reservoir Minerals gaining access to the Timok Copper Project in Serbia. This gives the company immense growth potential beyond the company's African assets.
Much more: Full Article with charts-here
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