DALLAS, Oct. 13, 2009 (GLOBE NEWSWIRE) -- StockPreacher.com announces an investment report featuring Nevsun Resources Inc. (AMEX:NSU). The report includes financial and investment analysis, analyst consensus, and pertinent industry information you need to know to make an educated investment decision.
The investment report on Nevsun Resources Inc. (AMEX:NSU) should be of particular interest to comparable companies: Arecelor Mittal (NYSE:MT), POSCO (NYSE:PKX), United States Steel Corp. (NYSE:X) and Nucor Corp. (NYSE:NUE).
The full report is available at: http://www.stockpreacher.com/n/NSU
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Nevsun Resources Ltd. (NSU) is engaged in the development of the Bisha Project in Eritrea, located in northeast Africa. The Company is a gold and base metal explorer/developer with a focus on developing mining projects in Africa.
In the report, the analyst notes:
"NSU is pleased to announce that its Bisha Project has entered into sales contracts for its future gold and copper production at the Bisha Mine in Eritrea, Africa. Pricing for all metals will be fixed at specific rates at the time of delivery. The Bisha Mine is expected to begin production in the fall of 2010, with a projected 10-year life span of ore production. Bisha's gold will be refined in Switzerland and Canada by two major international companies while the copper ... The mines metal production within the first two years is estimated at approximately 900,000 ounces of payable gold, followed by more than 500 million pounds of payable copper in years three to five, and in years five to 10, an additional 1 billion pounds of payable zinc and 200 million pounds of copper.
"NSU expected to make its first draw on the recently announced $235 million debt package in September 2009 after the having satisfied certain conditions precedent. The debt package is a mix of senior and subordinated debt coming from a number of lending institutions from Europe and South Africa. Due to the robust nature of the Bisha Project, the Company was successful in obtaining terms relatively favorable in a difficult capital markets environment."
To read the entire report visit: http://www.stockpreacher.com/n/NSU
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