By Seeking Alpha,
Nevsun Resources (NSU) is a mining company with a producing asset in Eritrea. Their 60% owned Bisha project is one of the highest grade mining projects in the world. Bisha produced approximately 690 000 oz gold in 2011 and 2012, and is forecasted to produce 110 000 oz gold this year with 30-50 million lbs copper, as the project is in a transition phase between gold and copper production.
In this article I’ll first of all discuss Eritrea, as I think it’s important to highlight the positive sides of a country only a few people will know. Secondly, I’ll briefly talk about the future prospects of the company and potential acquisitions. Finally, I’ll highlight my investment thesis why Nevsun is a good company which belongs in a diversified portfolio. Continue reading A Copper Miner With A Juicy Dividend – Nevsun