NB Discovery Metals is the only Australian resource company that gets a mention!!!
Extract from interview
TMR: Which copper companies do you like?
AVD: I like Nevsun Resources Ltd. (NSU:TSX; NSU:NYSE.MKT) quite a lot. It has historically been a gold company in Eritrea and has just gotten into the copper-heavy area of its deposit. Many people aren't fond of Eritrea, but anyone who's gone there knows that it's a much safer jurisdiction—at least where the Nevsun mine is—than is popularly believed. The company is paying a 4% dividend, and it has tons of free cash flow. In this market, that's a really nice thing.
Central Asia Metals Plc (CAML:LSE) is interesting as well. Its Kounrad waste-retrieval facility in Kazakhstan is producing quite profitably. And it has just paid $3.2M to buy half of Copper Bay Ltd. in Chile (with an option to acquire up to 75%). Coppers Bay's Chañaral Bay project has a resource of 288 Mt copper. I think Central Asia Metals could do quite well.
TMR: Any others?
AVD: I generally like Discovery Metals Ltd. (DML:ASX) and its Boseto project in Botswana.
TMR: Botswana is rated quite highly in Africa.
AVD: Deservedly so. It is like the Switzerland of Africa. It has a small, relatively peaceful population that supports development. Anyone I know who's ever worked in Botswana thinks it's heaven compared to most of the rest of Africa.
DML Price at posting:
4.6¢ Sentiment: Hold Disclosure: Held
