Nevsun Resources Ltd (NSU)

[tsoprano-1]

They have done some drilling in Australia, on the JV partners dime and are waiting to see about the fraccing moratorium. But, they are interested in selling the acreage off after oil/gas has been proven. Company would be valued at many times value now once this occurs. They are not interested in being a producer, which I like. Land is valued at few hundred an acre now, will be ten times that after it is proved up. Origin is one partner, can't remember other. But, they are likely candidates to buy land. In SA, their claim is right in the middle of a majors land. Will be selling off after that is proved up. I have seen valuations as high as $3-$4 but, of course, if moratorium isn't dealt with, not worth muck now. But, as a spec, it has what I want. Acreage with great results so far and way cheap.

T