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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

Post by Demon11on May 09, 2018 3:33pm
222 Views
Post# 28007010

What happens next -- is a case of best fit

What happens next -- is a case of best fit Bid by Lundin is no surprize -- since it fits with theit stated global objective of becoming a major CU and ZN player  - 2nd try at Timock also confirms they are serious. Suspect their 'proposal' is a ballon' to see what the reaction is -- if Timock is worth $4/s (likely a low ballpublished estimate)  then Bisha has to be at least $1.50 /s  --- so it seems Lundin has a Plan B -- since they were almost guaranteed NSU would nix the initial proposal --- and --it will be better --$5.50 - 6/s? But --- keep in mind there is other interest in NSU as well-  a company like Teck for example is probably sniffing it as well since it too needs more of both CU and ZN - Teck also has  pot of cash -- Timocks locationand and access to infrastructure also provides a competitive advantage that seems to have been overlooked  ---Bisha may be the kicker in this -- it should be intersting over the next 30 days -- the first battle in the war is done but it won't be the last    
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