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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

Comment by WheresMeGoldon Oct 25, 2017 10:19am
177 Views
Post# 26855399

RE:For those uninitiated

RE:For those uninitiatedThis is an excellent point Spacedoc. IRR is huge, particularly in mining, and a revised lower return can crush a stock. Teranga, as you point out, is an excellent example of the negative impact of lowering IRR as it still hasn't recovered against the CEO's best efforts to explain why it's project in west Africa is still extremely viable. Basically investors don't care and the stock continues to take a beating and likely will for some time. 

If Nevsun lowers Timok's IRR then seeing new all-time lows for the stock is a real possibility. IMO both Nevsun and Teranga have potential but both could see ridiculous drops in their stock prices beforehand. 
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