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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

Comment by bobvee15on Apr 18, 2016 3:49pm
118 Views
Post# 24780640

RE:RE:RE:RE:RE:Some will regret it

RE:RE:RE:RE:RE:Some will regret itThe firm is smply positioned as a defensive mining play and has been a good trading vehicle  to keep you in the game under such uncertain conditions. Unfortunately, when sector risk becomes acceptable again I contend it will likely comparatively underperform given the large underutilization of its asset base given the cash receives no return.

Cash is king is when you are able to develop an asset while conditions limit competitor expansion and credit markets make it is difficult to finance such a project.
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