LUNMF - What's Nevsun Worth?
Introduction To The Nevsun Situation
Nevsun Resources (NSU) has been in the news recently regarding a failed acquisition attempt by Lundin Mining (LUNMF), I spent some time analyzing the company in detail and creating a financial model. In this article, I will highlight my findings.
Nevsun has run up strong in recent weeks on speculation that it could be acquired. The following 3-year chart of the stock shows this:
NSU data by YChartsThe Nevsun story is all about its Timok copper project in Serbia. The recently released pre-feasibility study ("PFS")