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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 cashtango00on May 04, 2017 7:56pm
182 Views
Post# 26206167

RE:RE:RE:RE:Record

RE:RE:RE:RE:RecordStaz,  I was heavily invloved in the Bankers play and it was great.  Truth be told, the Albanians might have been working with the Chinese and maybe that tax move was a ploy.  It worked well in my favour so I don't c are but remember the fundementals for oil changed drastically for that project between the intial 2.70 and the final 2.20.   The cashflow weakened significantly in a short period when oil collapsed and is not that attractive a project anymore due to the current Brent pricing despite the huge proven reserves.  Its a very different situation than this as the fundamentals for copper and zinc are much more positive .  Bankers were in a tight spot with low margins and not a ton of financial might in a tough environment and they knew they had to make that deal.  NSU is in a much better position both in terms of the market for their products and their financials.  In resource stocks, cash is king.
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