NUS nusantara resources limited

Ann: Corporate Presentation - May 2020, page-4

  1. 588 Posts.
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    I think you would need to be very patient.
    NUS floated about 3 1/2 years ago, they talked of producing gold in 2020, that became 2021, now 2022, I would be surprised if they are producing in 2023. They still need finance to construct the mine. As I understand it, a condition of the mining licence is that after 10 years of production NUS are required to sell out to an Indonesian owner.
    Always a sovereign risk in these places.
    There is potential for exploration upside and they should benefit from a rising gold price and vice versa.
    The slow pace of mine development has been disappointing.
 
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