Share price, Ought over current.

Nevsun Resources Ltd

Growing high grade, low cost Gold producer - projects in Eritrea, East Africa

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Edgy

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Share price, Ought over current.

posted on Jul 14, 2009 04:17PM

I have also posted a rough calculation of what our share price ought to be in the light of today's news release at:

http://www.investorvillage.com/smbd.asp?mb=4882&mn=33&pt=msg&mid=7583889

The short of it is that the metal in ground is $15 per share and that is with ALL costs accounted for ( i.e. the 54% in the N.R.) but not for the spread of production over the life of the mine. That is something that I left for any business accountant to guesstimate.

Cheers, Ed.

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