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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 LongRider830on Mar 18, 2017 6:15pm
334 Views
Post# 25998225

Do You Believe There Is Something Unforseen With NSU?

Do You Believe There Is Something Unforseen With NSU?We have been espousing NSU Gift SP for the past 30% drop. I really don't believe the dividend reduction has decimated the SP to this extent. It all started with the purchase of Timok. The high price paid (over paid) combined with potentially huge build out costs and all for a still speculative asset. All this uncertainty and huge future costs are more than offsetting any revenue generated at Bisha. This has got to be the primary problem IMHO. If there were poor drill results at Timok, we certainly would have heard something by now.
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