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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

Post by MisterMarketon Feb 16, 2016 2:52pm
201 Views
Post# 24562894

Open Letter To The Fifth Estate

Open Letter To The Fifth EstateIs economic development bad for Eritrea?  The Fifth Estate’s  “Nevsun In Eritrea: Dealing With A Dictator”,  CBC Feb 12 2016, investigation of a controversial mining operation in a poor East African country does not make any sense of the situation.  The Fifth Estate fails to realize the corner stone has been laid for the countries future economic development.  Eritrea has found its way out of poverty and a Canadian mining company will profit from it and being done in an ethically and environmentally responsible manner!
 
In the program The Fifth Estate mentioned about 4X that the government wanted 40% of the project and Nevsun gave it to them – as if that was bad.  What was bad is that The Fifth Estate did not say the government is paying their share of the project expenses.  It was a good deal!   It showed the government was behind the project and that expedited its development.  Nevsun was accused of using slave labour in a law suit filed by 2 men at about the same time as a company from Dubai tried to take Nevsun over.  If you’re looking for human rights abuses take a look at construction companies in Dubai or some other mining companies operating in Africa.  You want slavery?  Take a look at our house prices.  Anyone buying or renting ends up giving most of their wages to the banks.  The Fifth Estate did say Nevsun is now providing its employees with good housing, health care and well paying jobs.
 
The evidence The Fifth Estate provided that the Eritrean government is supporting terrorism was questionable.  They found an ex gun runner in Kenya, who may have been Ethiopian, who told them what they wanted to know, that he ran guns from Eritrea.  Eritrea won independence from Ethiopia and fought a subsequent war with the country.  If he was Ethiopian he may have been trying to implicate Eritrea with terrorism.  The Eritrean Wikipedia page says tensions remain with Ethiopia, each country supports opposition leaders in the other country.  The UN says 400 000 Eritreans have fled the country in recent years.  That is about 7% out of a population of 6 million.  Most head north along the Red Sea and find their way to the Mediterranean.  Eritrea is a poor country, people always search for a better life.  Here in Canada  people from the Maritimes went to the oil sands in Alberta for work, people in Mexico head north, in central Africa many head to South Africa.  Maybe some of the Eritreans are political refugees.  I don’t think all of them are.
 
Footage was shown of a tour of the Bisha mine by African government ministers and ambassadors.  They were impressed with the mine.  They thought Bisha was a template for mine development and a great benefit to Eritrea.  The mine was seen as a new path forward for the country.  Is economic development bad for Eritrea?
 
Letters to:  CBC + The Fifth Estate
                    Stephane Dione,  Minister of Foreign Affairs
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