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North Shore Uranium Ltd NSU


Primary Symbol: V.NSU

North Shore Uranium Ltd., formerly Clover Leaf Capital Corp. is a Canada-based company, which is engaged in the exploration for uranium deposits at the eastern margin of Saskatchewan’s Athabasca Basin. The Company conducts its exploration programs on its two properties, the Falcon Property and the West Bear Property, and is evaluating opportunities to increase its portfolio of properties in the region. The Company has the option to acquire a 100% undivided interest in 11 claims that form approximately 77% of the Falcon Property.


TSXV:NSU - Post by User

Bullboard Posts
Post by Brainwave1on Feb 08, 2008 6:28pm
215 Views
Post# 14342575

Steady accumulation

Steady accumulationExecution risk seems to be why the stock trades at such a discount. That will unwind as the project progresses through the various milestones toward development and production, and when cash flow meets expectation. The discount seems heavier than companies/projects at a similar development stage because the management team has a black eye over the Mali mine fiasco; now they have to prove they can do it. What value is put on the government's extra 20% participation (on top of the 10% carried interest) is the other issue that is not resolved. It is meant to be by an independent assessment, but we don't know what that means yet. There is lots of upside, but the wait will be long.
Bullboard Posts