NEVSUN RESOURCES LTD. (NYSEMKT:NSU)

CAPS Rating: 2 out of 5

The Company is engaged in the acquisition, exploration and development of mineral properties.

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Member Avatar pchop12316 (72.29) Submitted: 12/15/2014 3:25:31 PM : Underperform Start Price: $3.58 NSU Score: -3.48

not so fast

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Member Avatar OklaBoston (68.01) Submitted: 11/20/2014 11:06:26 AM : Outperform Start Price: $4.26 NSU Score: -9.55

Insider ownership almost 19% plus strong All Star support.

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Member Avatar Aurum (56.89) Submitted: 4/17/2014 10:42:22 PM : Outperform Start Price: $3.30 NSU Score: +5.43

Fantastic opportunity to be found at the Bisha mine. The price is currently extremely low due to unwarranted investor concerns about profitability. 200k lbs of copper were sold in q4 that were deferred to q1, so that should also serve as a boost to this quarter's showing.

Price Target: $6 within 2 years.

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Member Avatar DTCook (21.57) Submitted: 11/21/2013 11:30:19 AM : Outperform Start Price: $3.04 NSU Score: +10.87

Under-explored compared to West Africa... Geologists are convinced the Precambrian rocks in Eritrea are an extension of the Arabian-Nubian shield (ANS); the birthplace of mining.

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Member Avatar JackDanny (72.80) Submitted: 10/22/2013 10:43:52 AM : Outperform Start Price: $3.58 NSU Score: -10.94

Long term outperform screen.

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Member Avatar NovaTodd (21.60) Submitted: 8/8/2013 1:34:49 PM : Outperform Start Price: $2.75 NSU Score: +12.43

Nevsun has produced some excellent operational results from its gold mining activities, but this is now a play on copper as the company completes its transition at the Bisha mine in Eritrea.

The latest forecast, courtesy of a June 17th press release, calls for the production of 200 million pounds of copper in 2014, implying revenues in excess of $600 million. On a recent earnings call, the CFO also stated that 2014 was expected to be a record year for cash flows. To put this in perspective, NSU generated more than $350 million in cash flow in 2011; with a current enterprise value of $300 million, the valuation looks looks extremely compelling even if we severely discount the company's forecast. There's also a yield of 4.4% after yesterday's dividend hike, which should put a floor on the stock price until copper production is fully up and running.

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Member Avatar kulls81 (< 20) Submitted: 11/29/2012 1:07:43 PM : Outperform Start Price: $3.88 NSU Score: -46.90

Magic Formula 11-29-12

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Member Avatar Superannuation (54.14) Submitted: 11/24/2012 6:08:21 PM : Outperform Start Price: $4.05 NSU Score: -52.22

Cash and Debt look good. Quick ratio shows ok for debt.

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Member Avatar cibient (< 20) Submitted: 7/24/2012 8:19:01 PM : Outperform Start Price: $3.86 NSU Score: -47.04

I own this in MRLP. Been showing up on Top 50 MFI screener for a few months.

MagicDiligence.com stats:

Results for ticker 'NSU' (Nevsun Resources Ltd):
Earnings Yield:   116.5%
Tangible Return on Capital:   170.0%

MagicDiligence Research for 'NSU':

No research available.

Instant Diligence:

The Earnings Yield of 116.5% is Suspiciously High (needs additional research).

The Tangible Return on Capital of 170.0% is Very High.

Near-term Financial Health appears to be Excellent. The current ratio is 6.91.

Calculations:

(for quarter ended 2012-03-31)
Market Cap   =   Stock_Price * Shares
   =   2.91 * 202.43
   =   589.00

Excess Cash   =   Cash - MAX(0; (Current Liabilities - Current Assets + Cash))
   =   279.39 - MAX(0; (57.13 - 394.80 + 279.39))
   =   279.39

Enterprise Value   =   Market Cap + Total Debt - Excess Cash
   =   589.00 + 0.00 - 279.39
   =   309.61

Tangible Invested Capital   =   Total Assets - Goodwill - Intangibles - Current Liabilities + Short Term Debt - Excess Cash - Minority Interest
   =   747.15 - 0.00 - 0.00 - 57.13 + 0.00 - 279.39 - 127.57
   =   283.05

Earnings Yield   =   (Operating Earnings - Minority Interest) / Enterprise Value
   =   (481.23 - 120.40) / 309.61
   =   1.165 (116.5%)

MFI Return on Capital   =   Operating Earnings / Tangible Invested Capital
   =   481.23 / 283.05
   =   1.700 (170.0%)

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Member Avatar NikkoTheGreeko (59.92) Submitted: 2/18/2012 3:34:19 PM : Outperform Start Price: $3.57 NSU Score: -43.82

Too cheap to pass up, this stock will go way way way way up!

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Member Avatar kygrant (< 20) Submitted: 9/22/2011 7:01:48 PM : Outperform Start Price: $5.19 NSU Score: -110.47

The recent drop in commodities is a temporary set back for this miner. Over sold on overall market panic.

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Member Avatar perezrp101 (66.98) Submitted: 2/2/2011 6:18:27 PM : Outperform Start Price: $5.46 NSU Score: -88.40

in 2011, subject to drill results, the Company expects a second increase to Bisha’s resource and reserves by including results from the Hangingwall Copper and its infill deep drilling at Bisha Main.

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Member Avatar gerrard21 (24.15) Submitted: 11/4/2010 1:35:31 PM : Outperform Start Price: $5.45 NSU Score: -99.32

Will start Mining in Q1, last 2 year technical chart is great.

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Member Avatar timmow (< 20) Submitted: 6/13/2010 3:15:41 AM : Outperform Start Price: $3.15 NSU Score: -65.21

With the growth of world population and dwindling fossil fuels, solar power should be the next big thing!

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Member Avatar cigamarc (< 20) Submitted: 11/1/2009 8:15:46 PM : Outperform Start Price: $2.34 NSU Score: -34.58

Expected 2010 production of a gold, copper and zinc project in Eritrea with very low expected cash costs.

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Member Avatar TripleT6003 (< 20) Submitted: 10/19/2009 3:44:18 PM : Outperform Start Price: $2.64 NSU Score: -42.79

Forward Cash Flow Projections based on Au price of $700.00 along with forward spot contracts placed and, from mining stand point, size and strata accessibility of Au.

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Member Avatar egensis (< 20) Submitted: 8/11/2009 1:54:22 AM : Outperform Start Price: $1.36 NSU Score: +75.09

Interesting Aug 5 commentary by Motley Fool's Rich Duprey, that Eritrea gov is partner in Bisha project. While Eritrea gov unsavory (Economist), hopefully over time it will reform. In the meantime it is tenacious enough to protect own interests from warlords. Although recently sold 20%, nsu is long owned by Renaissance Technologies. Bravobevo endorsement nice touch. Junior miners best way to play gold now, since majors & GLD already fully valued. Even if gold falls in the future, as juniors come of age and start producing, their value will hold, as long as production costs below market value, which seems to be the case for nsu. If gold rises, juniors will soar as they start producing. Co recently obtained financing to carry it to production in 2011.

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Member Avatar GSR2001 (< 20) Submitted: 5/30/2008 11:19:10 AM : Outperform Start Price: $1.61 NSU Score: +85.12

From a valuation standpoint, Nevsun is among the top five most undervalued companies in ResourceStockGuide comparison tables based on proven and probable reserves.
Check it out for yourself: http://tinyurl.com/39bg9n

Fair value of Nevsun’s shares is between $4.50 and $5.00.
Substantial exploration potential remains at the Bisha property. The deposit remains open at depth and there are additional satellite deposits located on the territory covered by the mining license.

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Member Avatar caseykimma (68.78) Submitted: 5/13/2008 11:10:29 AM : Outperform Start Price: $1.37 NSU Score: +126.55

with rising costs of fuel, more shipping business is being push towards the rails..going long.

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Member Avatar goofypicker (< 20) Submitted: 3/20/2008 10:40:37 AM : Outperform Start Price: $1.36 NSU Score: +117.63

Gold and silver have taken a sudden drop during the past week. Many speculators are panicing and claiming that this is the end of the "commodity bubble". I don't think so. If you look at the fundamental reason behind the last 6 months rise in precious metals, you have to ask yourself....has anything changed? I don't think so. The Fed continues to pump liquidity into the market, the interest rate continues to decline, inflation continues to increase and the dollar continues to fall. That being said....if due to demand decreases oil drops sharply from here...there is a possibility that precious metals will follow. Precious metals will experience quite a bit of volatility and the gyrations may be tough to handle but I think due to the fundamentals that I mentioned above that a year from now precious metals will be much higher.

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