Tag Archives: Aderat deposit

Nevsun CEO Sees Next Flin Flon in Eritrea

Nevsun Resources is sitting on a veritable cash generator at its Bisha Mine in Eritrea
Nevsun Resources is sitting on a veritable cash generator at its Bisha Mine to become like another Flin Flon or Noranda VMS district, all under a single company, in Eritrea

By Matthew Keevil,

IT’S pretty evident to industry observers that producer Nevsun Resources (TSX: NSU; NYSE-MKT: NSU) is sitting on a veritable cash generator at its Bisha copper-gold operation, 150 km west of Asmara, Eritrea. The company outperformed its production expectations at the mine in 2014, lowered cash costs and holds a strong balance sheet.

Nevsun also offers promising returns at the drill bit, with Bisha’s current reserve life surpassing estimates in early 2011.  Continue reading Nevsun CEO Sees Next Flin Flon in Eritrea