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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 tony1969on Apr 27, 2017 9:54pm
181 Views
Post# 26177363

RE:RE:Moving a "large portion" of the UZ resources...

RE:RE:Moving a "large portion" of the UZ resources...
so why spend $40 million drilling the UZ Stewart? To eventually get the resources to reserves? I don't get it. The metal in the ground total for the 1.7 million tons UZ is $1.3 billion for copper and $720 million for gold. For the 35 million inferred tons it is $5.77 billion for copper in the ground and $2.42 billion for gold. So we have $2.02 billion M and I and $8.2 billion inferred metal in the ground using today's copper and gold prices. Total is $10.22 billion for both M and I and inferred combined. So over $10 billion in metals have an NPV of $1.5 billion. I thought you upgraded the metals to improve the NPV....
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