From: Berhane Habtemariam (Berhane.Habtemariam@gmx.de)
Date: Mon Sep 28 2009 - 17:24:31 EDT
Exploration Advisor Says He Would Definitely Put Money in Eritrea
Posted on 28 September 2009
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Market Call Tonight
Market Call Tonight
During the BNN program Market Call Tonight, the editor of Exploration
Insight Brent Cook gave a comprehensive overview on "Junior Mining Stocks
and Commodities" by answering questions of current and potential investors
in mining shares.
According to Brent Cook big mining investments should be avoided in
countries such as Russia, Mongolia, Venezuela and Ecuador due to the high
risk of instability and corruption. He mentioned, for example that
exploration projects with Russian ownership could be a very risky investment
due to the involvement of the Russian Mafia.
However, he believes that places such as Canada, Mexico, Latin America,
Angola and Eritrea are countries that are good to invest in due to the
reliable actions taken by the governments in recent years. In respect to
Eritrea he says, "I would definitely put money in Eritrea, I have been there
a couple of times and talked to the government and they are under control".
One viewer and investor asked Brent Cook on his thoughts about Nevsun
Resources and their mining business in Eritrea. His reply was that the Bisha
Mine is a fantastic deposit with a high grade gold cap they will mine and
make a lot of money. He underlines that Nevsun Resoureces is a good company
with a good deposit in a good country, which has its financing completed.
Brent Cook's view can be supported by other analysts who say that at current
metal prices, the Project is expected to generate enough cash in the first
two and a half years to repay all debt facilities, in addition to further
mine expansion. The Bisha Mine will be a low-cost gold producer for the
first two years and a low-cost, high-grade copper and zinc producer for the
remaining 10 year mine life. Further resource potential exists at depth and
from nearby discoveries within the Company's licensed areas.
For the next 12 months experts believe that the share price of Nevsun could
go up to $2.56 or even $3.50, although Brent Cook thinks that the share
price will be in the range of $2.50 in the next 12 months.
Watch the program with Brent Cook here:
<http://watch.bnn.ca/market-call-tonight/september-2009/market-call-tonight-
september-25-2009/#clip217424> BNN Market Call Tonight.
Brent Cook is an independent exploration analyst and advisor. He currently
serves on the Advisory Board of several junior exploration companies and
acts as a consultant to several institutional investors. Brent Cook produces
the weekly investment newsletter Exploration Insights. For more information
on Brent's letter please visit www.exporationinsights.com
