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North Shore Uranium Ltd NSU


Primary Symbol: V.NSU

Energy
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

North Shore Uranium Ltd > Valuation
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Post by xbox360on May 04, 2015 3:13am
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Post# 23690365

Valuation

ValuationThis company is making about 150 mil USD per year calculated at 37 x 4 plus any contribution from recent copper price increase and current cash position is little over 500 mil USD.

Market cap in USD is 800 mil, so the price being paid is current cash position plus two years of income? Any income from zinc mining after two years is being bought in for free of charge.

Wow, just too crazy even considering the soverign risk of Eritrea..
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