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Re: DanWebzster post# 126

Sunday, 04/29/2018 1:03:24 PM

Sunday, April 29, 2018 1:03:24 PM

Post# of 438
NSU had a significant increase in Cu & Zn production in Q1/2018.

If this is a trend, 2018 production guidance will be beaten by a large margin

Zinc production trend is reason for optimism. Copper trends are less clear

Cash increased by 20% Q2Q to $149.6mn. EOY Cash of ~$225mn would stabilize the company's future plans at Timok. NSU needs $700mn to build that mine.

Projected mine life at Bisha will end 2021. This Q's results seem to indicate the potential for expanding this mine life.

Watch Q2 for discussion of Bisha mine life.

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