Posted on 28 September 2009
Tags: Bisha Mine, BNN Market Call Tonight, Brent Cook, Eritrea, gold, Nevsun Resources
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: 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
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The greet land of promising and hard workers people, and the dedicated Government who stands for the benefits of its own people.The government has lead good atmosphere and has build its partnerships who does respect our national political choice. Eritrea is open to open minded investors who already have invested their capital, like nevsun and other who are respecting the mutual interests. Eritrea will not let to the greedy dominance’s and do not give any reception of their parody sentiments.
Any time a person with journalistic credentials advises you that they would put their money in a country and use words such as “they are in control:, do not trust them. They are either bought with money to publicize and fabricate false and uncertain accounts or to lead you to an investment where your money will be wasted, and your returns will be zero ! I don’t know the Eritrean prospect for gold. I frankly think it is unwise to concentrate on extractive industries at the stage of development that poor Eritrea is now. Furthermore, I have my doubts if the Eritrean Government or the Party leadership know what they are getting the Country to. In a recent news item, it was mentioned that the overhead cost for the Bisha project will be $200 for every $1000 gained. That is a whopping 20 percent. Add to that the cost of finance, licenses, contractual cost, consultations and legal costs, Eritrea has nothing left except a ruined topography, polluted ground water, and hopelessly impoverished citizens. The Eritrean government should assemble Eritreans to help in advising instead of excluding them from critical decisions that affect the future and security of the country.
Tseggai Isaac
Missouri University of Science and Technology
Rolla, MIssouri 65401
573-341-4805
PProfessor Tsegay Isaac – You are are highly educated person at least you are studying or teaching there. it is a shame that you are trying to confuse people. I do not think you know accounting. probably you are reading history. the Nevusm said production cost. what is production cost? does that include all costs including the items you mentioned. Leave the calculations to those who are good at it.
What a contempt talk.. Where were you all these times you did not advise the government with your knowledge if you have any. now you poped up to belittle the hard work the eritreans are doing inclduing their government. I have known people who say exclusion.Who excluded you. you just excluded yourself becasue the poor eritrean people are not important for you. and now complaining of this and that. People excluded theselves thinking Eritrea is poor, they have the west where they leave in comfort, you did not want to know the Eritrean people.
Just we have heard such comments from people like who do not care .
it is ok to spend ur money ,,,,,,,,,,,that is business .but becarful of the bad guys ,they never keep their words they never been in control.they are not business pple they are bandits ,u have to know u r dealing with bandits .at any time they can change their minds ,,,,,,,for them protocol and contract is nothing but a paper
P,,E,,,,A,,,C,,,E
A trade of all jokes professional of nones This can be suitable to this professor Tsgai Issac Or professor of Counting of years of hate against of the government of Eritrea or the enemy of the people of Eritrea Nevsun deserves better than you despite they are foreigners. But if you are from Eritrea you could be happy for the sake of hard workers people and its Government. To blame is easy like A;B;C d but to be engaged in rebuild a nation is bitter. So keep it away they are working you had hiding in your planet. Eritrea’s future is a clear crystal. The camel marching its journey and the dogs parking as always.
Thanks for your honesty!
People listen to him and invest in other sectors too!
Eritrea has atractive weather, hard working, smart, civilized and honest people.
Please open your mind, and your packet start work with these desent and work helik Eritrean!
ours ears are familiar with words like ,hard working,civilized,honest,,,,,,etc……when the government prepare his own currency it was all the same color like US dollar and people were confused but they said the pple is civilized ,,,,,,,,,,,,,and soon………….that kind of sweet words are the hidden weapon of PFDJ. i still wonder why a lot of pple don’t recognize that tactic ……….we are happy we got gold and staff but we fear that with dictators like iseyas eritrea could be another Congo in africa ,,,,,,,,,,,,,,,,,,,,,we fear that like most african countries their resource is their enemy………………STOP…….please don’t say eritrean pple is more civilized than other african pple……………
you pple always talk about democracy in Eritrea-but if you came to power will nothing change-that is democracy in africa you used to clame. So let the situation as it is.that helps the ppl more than you damn big mouth pple headen your A….S in Europe, USA lead my beloved Eritra.NO CHANGE
gize:
lol you are in a wrong web site this is not your savage sub-human Q**** Ag*** site .This is ERITREA web site and the people we are calling CIVILIZED is the ERITREAN people and the land is ERITREA . I hope this helps you to move over hell to your misrable land .
almaz,,,,,
as a matter of fact i am ERITREAN,, and i am very proud of that .i believe it is a matter of pride [sacrifice ] to be ERITREAN not sweet words and long tongue like urs and shaebia…..what i was trying to say is they [ shaebia] are controlling ur mind ,,they put wrong information in the pple and lead them to the dead end of nonsense…….Eritrean pple is the same like any other pple but TIEBIT and TIMKIHITI lead us to a conflict with our friendly pple of sudan ethiopia and yemen
don’t say CIVILIZED again ,,,,if u were civilized enough u should not insult me ,,,,,,,,,u should respect my opinion and exchange ideas ,,,,,,,,,,,,,that is what a CIVILIZED person do…
LIBI YIHABKI AMLAK
I am so excited about this news. I can never think issaias or shaebia is a problem of eritrea, however, poverty is. I get surprised when i see sold out ppl like some of you guys , who always have to bilittle what is theirs. Issaias is the best thing that happened to eritrea ever. I hope eritrea will soon afford to be in a position to buy you back from your false identities. You should be ashamed of yourselves. Eritrea doesn`t need your comments or your complaints at this moment. Please offer your helping hand because you unfortunately happen to be eritrean. What is so pianful for eritrea at this stage is note the poverty, or outside forces but just eritreans negativities. Be proud Eritrean and stop being negative. Let us all happily with patience build our eritrean identity. There are so many common grounds we can all work with…….
“The ultimate measure of a man is not where he stands in moments of comfort, but where he stands at times of challenge and controversy.”
—Martin Luther King, Jr.
peace to all.
There is no dobut that Eritre is a good place to conduct business in, the problem is uncertainty. In a country where there is no confidence of changing government without violence can be very intimidating to invest in. Eritrea does not have that experience of changing a government peacefully, nor do they have any violent experience.