Nevsun Resources Ltd (NSU)

[geodan]

NSU has bounced off this level 10 times in 5 years. That is $3-2.70 level, it has only broke it downward once, in Jan 2016 to 2.27 then it went to 3.60 by March 4th. It has broken $4.00 six times. $5 has not been broken in 4.5 years.

When Q is reported this Thursday with the first Zinc revenue do expect a bounce, maybe to $3.50. If profits really surprise we could make $4 then think good news after good news is baked in, drill reports from Timok and Bisha area, higher gold price, etc.

A run like CLGRF had is definitely a possibility.

BTW gold is over $1275 now. For me $1270 was the signal, but others wanted $1275.

And today Gold broke the downtrendline, the last one there is that started in late Sept.

Cheers