OTCQB:UEXCF - Post by User
Comment by
MegaMAxTZon Jan 02, 2019 2:17pm
90 Views
Post# 29178090
RE:ecobalt vs coexmetals
RE:ecobalt vs coexmetalsI am just a simple retail street analyst but somehow with E-Cobalt - and their Cobalt values of around 0.50 % max are not really very exciting to me. Fine they claim to have 3.5 Million tons with this grade in Idaho. Building a mine with a cap cost of almost $ 0.2 Billion dollars. Processing 1.6 Million LBS per day steady for 12.5 years to get 8000 LBS of Cobalt - each and every day for 4500 straight days. Unlikely and without any breadowns and dry to zero Co areas...... $ 300 per ton rock is not very sexy.
Price of Cobalt in 2031 who knows by then to get it all out. But I do have a few shares so we will see but will not hold my breath.
Something pretty appealing about values that can hit almost 10 % Cobalt on the UEX WB property. Potential $ 5700+ per ton rock is very sexy. Just saying. And I certainly do not believe the current drill target area is an isolated Co deposit at WB. It cannot be isolated geologically speaking IMHO. Just have to sniff out the rest of the Co WB sisters - whether UEX does this or sell and the bigger company does more of the sniffing and eventual digging. Either way CoEX is just gravy and nice to have at UEX. Pretty much Zero value is still placed on COEX. Not for long though.
The real value at UEX are the extreme undervalued Uranium LBS in the ground. Whether it is 50 M or 100 M or 150 LBS proven in the ground - under $ 0.20 per UEX share is still ridiculous although we do seem to have some early 2019 activity. Those 500 share garbage trades may be a thing of the past in a few weeks - THEN the real action will begin.
8 days to $ 1.00 some are saying - should be interesting........ ANYBODY selling shares now are fools in my opinion.
MM