"Nevsun shares soar as it rejects $1.2 billion bid from Lundin,...

"Nevsun shares soar as it rejects $1.2 billion bid from Lundin, Euro Sun."-Mining.com, 3 hrs ago, Tues, 8 May 2018.

Link:

Click the link to read. In essence Lundin wants the TIMOK copper project in Serbia. The other project belongs to Euro Sun: Bisha copper zinc mine in Erithea.

The bid is for US$1.2 billion which is a 31% Premium.



SOLGOLD PRESENTATIONS
From previous Solgold presentations, the co talked about re-rating and quoted a few examples of $1 billion re-ratings.

Solgold*s share price today is 26 British pence, MKT CAP £441.02 million. £1 today equals US$1.35. So £441.02= roughly US$593 million.

Solgold*s 52 week low was 20 British pence and high 46.75 British pence. So at its high, Solgold had already reached almost a US$1 billion re-rating.

ABOUT TIMOK
Link: https://www.mining-technology.com/projects/timok-upper-zone-copper-gold-deposit/

"Reserves-Estimated 1.05Mt of copper and 2.2Moz of gold grading 3.7% Cu and 2.4g/t of Au.

COPPER M & A
Asiamet looking for copper tweeted, 8 hrs ago: " M & A continuing to warm up in copper space-Bloomberg report that Nevsun Resources rejets C$1.5 billion offer from Lundin and Euro Sun."

Link:

TIMOK
Nevsun made a bid for Reservoir Minerals for its Timok project in 2016 for $365 million in cash and stock. Nevsun also gave funding to Reservoir of $135million to help to buy out its partner. [17 June 2018. Google title: "Reservoir Mineral shareholders approve takeover by Nevsun."