North Shore Uranium Ltd NSU

Primary Symbol: V.NSU

Metals & Mining Industrial Metals & Minerals

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.

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North Shore Uranium Ltd > Lundin will acquire NSU and spin-out Bisha

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Comment by 89angelnoteson Mar 21, 2017 4:35am

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Post# 26006156

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Lundin will acquire NSU and spin-out Bisha

Nevsun paid around $7-8 for Reservoir Minerals ($2.89x2 and $2 cash USD) only eight months ago. $8 or $9 is low because only $1 a share of value is assigned to the Bisha mine and the $201M working capital.

How could Bisha mine be worth only 100M ($1/sharex301millions shares minus $201M)? Afterall the value of Bisha mine is the net present value of future cash flow. This does not make sense.!!

For a company that has been doing everything on target (schedule/budget) is sure taking much longer than we anticipate to solve the production issues.

The stock price is undersold at this point. I believe using the undersold value of the stock price to estimate the acquiisition price of $5 is the wishful thinking of a potential acquirer.

Why would Nevsun sell two solid assets at huge discount, at $5?? ..for what reasons?
If they do (Nevsun and the institutions); there is fraud.

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