Diligence memo · auto-generated · as of July 2, 2026
Nevsun Resources Ltd
Nevsun Resources Ltd looks over-valued against its niche peers and is dormant on financing cadence.
Businessfiled
Nevsun Resources Ltd operates in Other, based in VANCOUVER.
Sector still resolves to a broad 'Other' bucket, so operating comparables below are weaker than for a tightly-classified peer.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Nevsun Resources Ltd has raised $53M in disclosed capital across 2 recorded rounds, aggregated from public filings. Its latest round is modeled as Series B (a $15M–$40M round).
Largest single filing: $40M on 2010-02-16.
Most recent recorded round closed around 2010-02-16.
Valuation (modeled)modeled
Provath models Nevsun Resources Ltd at approximately $663M (range $100M–$2.6B). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Over-valued. Modeled value is 1.82× the median modeled value of Series B Other companies in 2010–2012 (251 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Historic cadence: a new round about every 4 months.
Last raise 16.4 yr ago; this sector typically re-raises about every 11 months.
Silent for over 3× the sector's normal cadence.
The last round stepped up 3.0× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 94% of Other peers (25015 compared).
Modeled value ranks above 95% of those peers.
Closest niche peers: ATS Consolidated, Inc., Amber Holding Inc., Varsity AP Holdings LLC, Nordic Cold Storage Holdings, LLC, CS Holdings Co., Inc..
Peoplefiled
12 named people on file across officers, directors and signatories.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
Modeled above niche peers — valuation risk on entry.
Broad sector classification weakens peer comparison.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.