Claude Resources, Inc. (fka CLGRF)

[geodan]

NSU Buys Out Lundin position today, NSU gives up 1/3 of Bisha, Gets 2/3s of Timok, biggest European copper discovery in decades
NSU took out Lundin's deal last second. Love the deal.

2 APR, 2016 MININGSEE
While Lundin is expecting Reservoir decision on Timok exit of Freeport and sale of rights to Lundin the stock analysts are analyzing the scenarios for the development of biggest European copper discovery in last few decades. All players involved, the Freeport and Lundin are gaining as well as the Reservoir who will remain in the project as dominant player. Surprises are possible and Reservoir may raise the necessary equity to block Lundin entrance.



Another article on NSU

Seeking Alpha, NSU has self funded from gold to copper to Zinc, impressive. Now it owns the biggest new copper deposit in Europe. Like how they keep multiplying their profits.

Sven Carlin?Follow(501 followers) (Nov 2015)
Growth at reasonable price, long-term horizon, book author, Fund Manager
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Summary

Nevsun's mine resources are at least 50% higher than officially reported, and exploration results continue to impress and show no signs of fading.

Conservative long-term estimations for copper and zinc markets are very positive, with demand increasing faster than supply for both metals.

Cash per share is $2.15 and the dividend yield is 5.33%.

Expected EPS for NSU are $0.5 a year for the next 15 years, with positive copper and zinc developments.

http://seekingalpha.com/article/3642976-nevsun-resources-high-long-term-potential-limited-downside

Nevsun Resources Ltd. (NYSEMKT:NSU) operates a mine in the Bisha mining district in Eritrea. NSU is a 60% shareholder of the Bisha Mining Share Company (BMSC) while the State-owned Eritrean National Mining Corporation (ENAMCO) owns the remaining 40% of the business. NSU is currently mining at the Bisha and Harena deposits and further exploration activity in the area has already confirmed new economic deposits at Takewuda, Asheli and Hambok.

Figure 1: NSU's Bisha VMS district exploration



Source: NSU's IR

Currently, NSU is predominantly a copper miner with the intention to start processing zinc in 2016 where full zinc production is expected in 2017. NSU's goal is to equally produce both zinc and copper for 90% of revenues plus have additional revenues from the sale of gold and silver. Production changes are not new to NSU as from 2011 to 2013, it was a predominantly gold producer. The proceeds from the gold funded the copper processing plant while now the proceeds from the copper production are funding the zinc processing plant. The zinc expansion process is on track and even a little bit ahead of schedule. Currently, it is 82% complete with procurement virtually complete. Zinc production and primary ore mining are expected to begin in Q2 2016.

Mine resources and exploration results

In figure 2, you can see the company's presentation of the life of mine estimated future payable metals. The positive issue with the below figure is that the expectations have not been adjusted since 2013, as the company is waiting for the official independent mine optimization scoping study expected to be complete in Q1 2016 along with the annual mineral resource update. Since NSU has been extremely successful with exploration results, we can expect a much better resources account and longer mine life.