July 27 (Reuters) -
* NEVSUN RESOURCES LTD NSU.TO CEO SAYS COMPANY WAS SURPRISED BY LUNDIN MINING'S HOSTILE LUN.TO C$4.75 A SHARE CASH OFFER
* NEVSUN HAD ENGAGED WITH EURO SUN MINING ESM.TO , PARTNER ON LUNDIN'S PREVIOUS BID, OPENED ITS DATA ROOM - CEO PETER KUKIELSKI
* NEVSUN NOT LOOKING AT STREAM FINANCING FOR ITS TIMOK PROJECT IN SERBIA - CHIEF FINANCIAL OFFICER RYAN MACWILLIAM
* NEVSUN'S TIMOK FINANCING 4 LEGS: CURRENT CASH BALANCE OF $125 MILLION, BISHA MINE CASH FLOWS, POTENTIAL STRATEGIC INVESTOR, TRADITIONAL PROJECT FINANCE FACILITY - CFO
* NEVSUN BOARD CONSIDERING "ALL OPTIONS TO MAXIMIZE VALUE" TO SHAREHOLDERS AS IT READIES RESPONSE TO LUNDIN BID IN NEXT 14 DAYS - CEO
* NEVSUN SAYS "SEVERAL" POTENTIAL STRATEGIC PARTNERS IN FINAL STAGES OF DUE DILIGENCE - CFO
* NEVSUN EXPECTS TO FUND 50-60 PERCENT OF TIMOK PROJECT CAPITAL FROM TRADITIONAL PROJECT FINANCE FACILITY, TALKS WITH BANKS, EXPORT CREDIT AGENCIES CONTINUING - CFO
* NEVSUN "CONSISTENTLY ENGAGED" WITH TIMOK LOWER ZONE DEPOSIT JV PARTNER FREEPORT-MCMORAN FCX.N ON NEXT STEPS - CEO