From: Biniam Haile \(SWE\) (eritrea.lave@comhem.se)
Date: Tue Oct 13 2009 - 16:52:35 EDT
StockPreacher.com issues Trading Outlook for Nevsun Resources Inc.
The report includes financial and investment analysis, analyst
consensus, and pertinent industry information you need to know to make
an educated investment decision.
(EMAILWIRE.COM, October 13, 2009 ) DALLAS, Texas - StockPreacher.com
announces an investment report featuring Nevsun Resources Inc. (AMEX:
NSU).
The investment report on Nevsun Resources Inc. (AMEX: NSU) should be of
particular interest to comparable companies: Arecelor Mittal (NYSE: MT),
POSCO (NYSE: X)'>PKX), United States Steel Corp. (NYSE: X) and Nucor
Corp. (NYSE: NUE).
The full report is available at: http://www.stockpreacher.com/n/NSU
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Nevsun Resources Ltd. (NSU) is engaged in the development of the Bisha
Project in Eritrea, located in northeast Africa. The Company is a gold
and base metal explorer/developer with a focus on developing mining
projects in Africa.
In the report, the analyst notes:
"NSU is pleased to announce that its Bisha Project has entered into
sales contracts for its future gold and copper production at the Bisha
Mine in Eritrea, Africa. Pricing for all metals will be fixed at
specific rates at the time of delivery. The Bisha Mine is expected to
begin production in the fall of 2010, with a projected 10-year life span
of ore production. Bisha's gold will be refined in Switzerland and
Canada by two major international companies while the copper . The mines
metal production within the first two years is estimated at
approximately 900,000 ounces of payable gold, followed by more than 500
million pounds of payable copper in years three to five, and in years
five to 10, an additional 1 billion pounds of payable zinc and 200
million pounds of copper.
"NSU expected to make its first draw on the recently announced $235
million debt package in September 2009 after the having satisfied
certain conditions precedent. The debt package is a mix of senior and
subordinated debt coming from a number of lending institutions from
Europe and South Africa. Due to the robust nature of the Bisha Project,
the Company was successful in obtaining terms relatively favorable in a
difficult capital markets environment."
To read the entire report visit: http://www.stockpreacher.com/n/NSU
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utlook-for-Nevsun-Resources-Inc.html
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