Nevsun Resources Ltd (NSU)

[geodan]

Copper 2.62! Amazing boost to NSU profits.

We are now up about 30% on copper in weeks, one of the greatest copper rallies ever. Lets say they were making 40% profits at Bisha, that means 70% now or 75% better profits. All without lifting a figure or spending a dollar. Nothing benefits a miner more than the price of the product going up.

3.27 now should be $4, look at the FCX chart, so Big Seller still there, but he will have no effect on 1Q profits, Copper price will.

Cheers

Thanks Conferred for the link, quite an article.