🕐05.11.10 - 10:54 Uhr

Winstons Growth Stock Report Provides Update on Nevsun Resources



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Winston Header November 4, 2010 Nevsun Resources (NSU, TSX) Commissioning Has Started in Eritreas First Modern Day Mine Our biggest winner for 2010 so far is Nevsun Resources which has climbed over 170% in just months since we called the buy alert back in February. Their flagship BISHA Project in Eritrea is still on track to start gold production by year end or early 2011.

As I have also preached continuously, right after the discovery phase, the second biggest time to make capital gains on mining deals is just prior to production.

With Bisha producing significant cash flow for Nevsun, we like the potential for our readers to be riding this stock well beyond $6 next year.

I am not the only one. Yesterday GMP Securities initiated coverage on Nevsun giving a price TARGET of $6.65.

"We are initiating coverage with a Buy rating and $6.65 target based on a 1.0x p/nav multiple of a hybrid 6%/10% discount rate DCF to account for a split precious and base metals production profile.

We expect further upside from exploration and mine expansion potential expected to be visible in 2011." The upside potential of Nevsun as GMP points out is the future exploration and mine expansion.

Ill get to that in a moment.

First lets clarify what GMP is referring to when they say "split precious and base metals." To read the full article, please follow this link.
A detailed stock quote on TSX: NSU can be found here . For Investor Relations Contact:
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