CPNFF - Nevsun's Management Presents Some Future Plans
Nevsun Resources (NSU) has released its Q2 financial results. However, much more interesting than the financial results was the related conference call and some hints regarding the future of the company. The most important information is that management still believes that Lundin Mining's (LUNMF) takeover offer of C$4.75 per share heavily undervalues Nevsun's assets. This claim is supported also by last week's transaction, when Newmont Mining (NEM) announced the acquisition of 50% of NovaGold's (NG) Galore Creek project.
There were 51.3 million lb zinc and