OTCQB:UEXCF - Post by User
Comment by
MegaMAxTZon Jul 11, 2018 3:57pm
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Post# 28302176
RE:RE:UEX Valuation - CoEX Cobalt Valuation
RE:RE:UEX Valuation - CoEX Cobalt ValuationSure so we have a formal Cobalt deposit with over 1500 Tons of Cobalt - inferred or indicated - regardless there is a lot of Cobalt on a 100 % owned UEX property. I believe much much more but I guess those Tons will come later with more drilling.
So yes must be time to sell !! Crazy but just shows how off the radar the Uranium sector is. But when the storm hits this Cobalt in the bag will help UEX be separated from most of the others. Probably will be sleepy until after labour day which is only 6-7 weeks away. And by then Cameco will have announced another couple of years off line for MR. Just no way they can restart with prices still not moving. IMHO.
Are we parallel to Uranium history of 2003 or 2005 - that is the question............. Took 2 years for prices to double - then another 2 years for prices to double again - then the 6 month price spike of 2007. I believe this run will be more compressed in time. I also believe the summer of 2007 U price spike will be surpassed. If that happens, we will easily see $ 5 per.........but how tempting will $ 3.80 be for most in the runup.......... ????
MM