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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 Jul 26, 2006 9:28am
225 Views
Post# 11146941

RE: Nice upswing today.

RE: Nice upswing today.I still think the market has not fully accepted that Tabakoto is unlikely to generate any net positive cash for Nevsun in 2006 and therefore I would be cautious. The last NR said the main crusher was still not operational and expected on stream about now, so that they are processing low grade soft ore. At 10 000 ounces in Q2 that means losses, taken either into the P&L or into capital expenditure if the plant is not commercial yet, but effectively cash outflows to go with the remaining capital costs. I doubt whether they will be producing 25 000 ounces in Q3, which is the target if they are planning 100 000 per year, so we have at least one more quarter to muddle through before there is a return on the Mali investment
Bullboard Posts