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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 89angelnoteson Aug 15, 2017 2:06pm
193 Views
Post# 26584029

RE:RE:RE:RE:2018 revenues...

RE:RE:RE:RE:2018 revenues...My guess is the panic selling has to do with the reduction of mine life from 8 years to 4.   The sellers  just did not realize four years of stable positive cash flow is much much better than eight years of constant struggling to stay break even.    Their emotion has taken over and panic 'ed.

I too believe the worst is over.   I look forward to a PEA report in October that is more definitive:   with higher percentage of proven reserves,  with assumptions that are more valid,  with mining details that are more robust, with recovery % more definitive based on their pilot results. ..    

Overall, my hope is to see a very high IRR.





 
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