Long/short equity, special situations, value, long-term horizon

Nevsun: Productive Mining In A Difficult Environment


Nevsun (NYSEMKT:NSU) is a gold and base metal mining and exploration company that is engaged primarily in the exploration and development of mineral resources in Eritrea. Nevsun's principal mining development is the Bisha Mine, currently the only producing mine in Eritrea; additionally, the firm possesses exploration licenses for areas to the south and southwest of Bisha Mine.

Investment Theses

Nevsun has strong fundamentals (an excellent balance sheet paired with positive cash flow) in a difficult-to-operate-in environment. As such, an opportunity exists to safely invest in this firm at a reasonable price as long as events in Eritrea are closely followed. The long-term outlook for the firm is as dependent on the survival of the Afwerki regime as...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details