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.
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...
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