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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 Aug 13, 2017 7:04pm
191 Views
Post# 26576517

RE:Kukielski wants to diversify asset base...

RE:Kukielski wants to diversify asset base...Tony, maybe, but they need cash for Timok.  That is a situation you just don't get debt financing for. You need capital,  so that 170m is earmarked.  I hope to God they don't plan on using the paper down here as currency, as that is a fast way to dilute.  If you look into the CEO's background, this is what he has always wanted to do.  Buy and develop assets.  Unfortunately, we don't have the currency to play that game right now and there are plenty of companies out there on the hunt for the same thing with bigger pockets.  Hope he stays focused so we dont have another few properties and 600m shares being puked back at us @ 3 beans....
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