Xamarin.Forms netstandard project broken with update to VS 2017.3

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So today i made the mistake of updating my IDE to 2017.3.

I was then notified of incompatibilities such as

"NU1202: The package Xamarin.Forms 2.3.4.247 is not compatible with netstandard1.5. Package supports: list of targets such as monoandroid10, xamarinios10, etc"

After investigating the matter on google i found some information to try fix the project.

https://github.com/NancyFx/Nancy/issues/2647#issuecomment-265927440 suggests adding a frameworkmoniker to get it to build (At some point during fix attempts i had a platform warning too)

Another attempt i've made to fix the issue was recreating the project as a fresh template version of using a netstandard project (the project i've provided for repro was created during the time when project.json was still a thing)

You may ask why: While looking for the issue i read that some are false positive error messages, which can be disabled like this Package Reference Warning Ignore - However in this project type which is entirely based on .csproj again i was unable to add Xamarin.Forms 2.3.4.247.

So my question is:

Has anyone been able to get a similar project running on vs2017.3 yet?

REPRO project:

GitHub

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