OTCQB:UEXCF - Post by User
Post by
droid8805on Apr 09, 2008 11:17pm
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Post# 14956004
Results are very good
Results are very goodI am always surprised how little recognition UEX gets for their Hidden Bay deposits. Horseshoe is shaping up to be a world class deposit. Open pittable and spitting distance to existing mills and infrastructure. Raven is a close second. West Bear is pretty small but no doubt will be mined just like all the minor deposits in the area . Our pounds in the ground in Hidden Bay are worth far more than anything in the far north, labrador or even Quebec. Areva is losing money on their big mines in Niger ffs. South African grades arent economic even at today`s prices. The Kazakhs don't have enough acid. The Namibians dont have enough water or power. The Americans are crippled by NIMBY disease. Despite the exponential increase in exploration and development spending the supply of uranium worldwide is essentially flat.
Georgia Power just signed an EPCM contract for two new greenfield reactors...the first in 30 years. The real uranium bull is just around the corner. The runup to $138 spot price was artificially high due to speculative buying on ridiculously low volumes. The fact that the long term contract price hasnt budged from 95 through the whole whipsaw is proof of the underlying strength of the long term supply demand fundamentals.
UEX at 4 bucks is a steal plain and simple. Those with enough intelligence to see beyond this credit crisis smokescreen will be rewarded because if the utilities dont start buying fuel soon the lights will start to go out. What happens when the lights go out? Politicians lose their jobs. Does anyone think that is going to happen?...fat chance.