UEX Corp T.UEX

CoEX Valuation - UEX True Market Cap

[MegaMAxTZ]

As a Cobalt metal user, I follow prices Co very closely. Believe USD $ 30/LB is the new metal  baseline. Speculators will manipulate up and down by over $ 10/LB but $ 30/LB is the new norm.

CoEX with at least 3 Million LBS in the initial resource estimate. But it costs a lot of money to set up a mine to harvest the metal and UEX does not have the funds to do this. So either a bigger company will buy the WB resource to mine or what ? Other options ? Do not see any.

So what is CoEX worth really right now ? 3 million LBS is 90,000,000 dollars - not right now. But I believe the resource will be expanded a lot - triple to close to 10,000,000 LBS of Cobalt and let's not forget the Nickel value.

With all in costs and assuming we do have 10 Million LBS to mine and the mine would begin in 3 years when Cobalt has had another run to $40/LB - worth theoretically 400 Million dollars less Capex to mine of $ 150 Million leaves  $250 Million which is about $0.64 per share.

So CoEX is worth $0.64 and the Uranium UEX at an even 100 Million LBS when the CL expansion is added as a 43-101 is worth over a Billion $. Easily. So $ 3 per share.

No reason UEX is thus not worth more than $ 1 per share right now.  Reason it is not is becuase very few know about it & Uranium is still not in the mainstream radar , let alone one of the juniors in this sector. NOBODY KNOWS ABOUT UEX other than us - the chumps that follow and are invested.

But that will change. Too slow for my liking and those that have invested following MM, but it WILL happen and this company is going to either be acquired or other. Either way UEX will rise, possibly a lot.

MM