Bisha is one of the best performing mines in the world and Nevsun, which has one of the cleanest balance sheets and lowest production costs of any base metal miner, pays more than any other miner a 5.6% dividend to its investors. Its near $600-million war chest backs 80% of its share price. This is real.
, Resource Reports
With almost $600 million in the bank, NSU has cash to back 80% of its share price. And it pays a dividend. And it’s expanding its profitable mine. Investors are taking note: Nevsun has outperformed the S&P/TSX Capped Diversified Metals & Mining Index by 40% since June.
The big resource picture is still unclear. No one knows what will turn mining around or when it will happen.
With so much uncertainty, it is easy to hesitate. Why buy now?
Continue reading A Miner With Lots of Cash, A Profitable Mine, and a Healthy Dividend. Really.
Colluli potash deposit in Eritrea is becoming one of the world’s most significant and lowest cost potassium sulphate operations and that drives South Boulder Mines shares to rise significantly
, Proactive Investors
SOUTH Boulder Mines (ASX:STB) shares have risen 44% over the past two weeks to $0.36 as the company progresses its Colluli 50/50 Joint Venture Potash project in Eritrea.
Proactive Investors had on 24th March calculated a 12 month price target range of $0.40 to $0.45 and placed a Speculative Buy recommendation on South Boulder Mines.
Colluli hosts a JORC Resource of 1,289 million tonnes of open pittable ore containing 260 million tonnes of recoverable Potassium Sulphate or Potash that is also known as (SOP).
Continue reading South Boulder Mines is a Stock on the Rise