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North Shore Uranium Ltd NSU


Primary Symbol: V.NSU

North Shore Uranium Ltd. 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. The Falcon Property is located approximately 35-kilometer (km) east of the former Key Lake Mine and the active Key Lake uranium mill which processes ore from the McCarthur River Mine. The West Bear property consists of five mineral claims totaling 4,511 hectares located at the eastern edge of the Athabasca Basin which hosts two producing uranium mines.


TSXV:NSU - Post by User

Bullboard Posts
Comment by oddykogon Mar 24, 2006 3:51pm
340 Views
Post# 10548943

RE: ANNUAL FINANCIAL RESULTS

RE: ANNUAL FINANCIAL RESULTSThey give away almost nothing about what is going on at the company at present. Talk about a minimalist press release! No update about Tabakoto. The very little one can glean about the Mali operation is that they managed to spend a total of $46 million IN 2005 ALONE on a project which had a total capital spend projection of $45 million when it was started - and it is not finished yet. The grand total for the Mali plant was around $75 million at year-end. If they continue at the rate it was going in 2005 it is probably at $85-87 million by now and the cash still available on the balance sheet is below $14 million. Even if they get the new mine operational for the second quarter it is bound to suck up cash for at least another 3 months, whether capitalized or expensed. More bad news ahead.
Bullboard Posts