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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 SGCGRIMREAPERon Feb 03, 2017 9:17am
338 Views
Post# 25794112

Read it and weep?

Read it and weep?The Globe and Mail reports in its Friday, Feb. 3, edition that BMO Nesbitt Burns analyst Alex Terentiew says when mulling investing in the base metals sector, investors should focus on companies displaying good growth and improving balance sheets. The Globe's David Leeder writes in the Eye On Equities column that Mr. Terentiew rates Nevsun Resources ($4.04) "market perform." He targets the shares at $4.75. Analysts on average target the shares at $5.64. Mr. Terentiew says in a note: "The company's valuation in our view already reflects the Zn price upside, and growth from Timok is still approximately four years away from being realized. In addition, Bisha's Zn circuit metallurgical issues have not yet been resolved, and the company's ultimate plan of development for both Bisha (underground scoping assessment due Q2/17) and Timok (PFS Q3/17) have yet to be finalized, creating an elevated level of uncertainty." Canaccord Genuity analyst Dalton Baretto commenced new coverage on Nevsun Resources with a "buy" rating and a target price of $5 in the Eye column on Sept. 15, 2016. The shares could then be had for $4.22.
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