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Chief Market Commentator, Peter Grandich, recommended Nevsun Resources (TSX/AMEX:NSU) on BNN Market Call. Peter Grandich is one of the most widely followed precious metals analyst in the world and the second analyst after Brent Cook to suggest Nevsun Resources on BNN Market Call.

According to Peter Grandich the company is one of the “soon to be” cheapest mining companies in the world. He points out that the Bisha Project is a monster deposit in Eritrea and within 18-24 months the production that will come from the mostly gold part will pay for all the debt and cover future exploration costs.

The Chief Analyst believes that Nevsun Resources is a future prime takeover candidate which is worth a lot more than its current stock market value. When asked about a potential buyer he mentions Anglo Gold Ashanti which has mining interests in Africa. Recent changes to the management and the fact that Nevsun Resources has not an entrenched management team makes the company even more vulnerable to takeovers says the analyst.

Peter Grandich has mentioned many times before that Nevsun Resources is a potential takeover candidate. This makes the Nevsun share even more attractive to possible investors.

Watch the program with Peter Grandich here: BNN Market Call Top Picks

Peter Grandich was the founder and managing member of Grandich Publications which published The Grandich Letter since 1984. His commentary on the mining and metals markets have been read by tens of thousands of subscribers and relied upon by major financial media around the world. In October 2008, Agoracom: Small Cap Investment was acquired by AGORACOM.com and Peter Grandich was appointed Chief Commentator.

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1. Eritrea: Market is Overreacting, Analyst Says
2. Nevsun Resources Ltd.: Private Placement
3. Nevsun Attracts Analyst Upgrades
4. Latest Update From Analyst on Nevsun and Sunridge Gold
5. Nevsun Resources Eritrea Annual Report 2008