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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 bobvee15on Oct 26, 2011 12:19pm
282 Views
Post# 19182942

RE: $2 per share cash at year end

RE: $2 per share cash at year endI agree this stock is a steal for that exact reason with probably the best mine in class of the one mine producers. I took advantage of the UN sanction scare and initiated a fairly large position. Yes, they could easily increase the dividend by a large amount but I think the money would be better spent in an acquisition of an undervalued producer trading at or under 3 times EBIDTA that has their mines located in a safer mining jurisdiction. Nevsun is now at a point where they should be able to add a mine a year to their portfolio.
Bullboard Posts