UEX Corp T.UEX

2019 URANIUM MARKET CAPITALIZATION

[MegaMAxTZ]

Over 100 Billion dollars has been erased from the Uranium sector since the Earthquake/Tsunami event of March 2011. Over 430 companies at the time in 2011. And about 90 % of those companies no longer exist in 2019. Think about that for a moment.

The current market cap of the total global Uranium market is around 10 Billion. Cannot count the market caps of the giant mining companies because Uranium makes up a small % of the total. So we have less than 50 companies around the world dealling with Uranium. And it is still a hated commodity by the vast majority of the general public.

But slowly and surely the news about Uranium is slowly building. But how many friends and neighbours are buying shares in Uranium companies. Not many that I know still.

This correction in the Uranium market is going to be a lot bigger than even I thought 18 months ago because NOTHING has happened. GOING TO BE HUGE and life changing for many that have already invested. Most "analysts" predicted that by 2019 - for sure we would have a major rebound. Nothing yet which while very frustrating to watch, makes the rebound THAT MUCH MORE VIOLENT.

But Section 232 is next month. Almost zero Long Term contracting has taken place the past few years.  And no company is making any money at $ 29 per LB. Where is 2 Billion LBS over the next 10 years going to come from ?? Cigar Lake will be done by then. McCarthur River may not be able to reopen - flooding - rusted out equipment who knows. Can Kazatomprom really crank out the LBS - I have my suspicions of overstated reserves.

UEX will easily be at $ 1.50 +  per when the U train really leaves the station and when $ 50 Billion dollars or more of mainstream money has flown back into the Uranium sector. When that money hits and it will, spectacular gains in about 20 Uranium companies will take place. 10 X and 20 X will be absolutely normal gains. UEX will be one of these companies.

Regardless of if Roger missed the Cobalt bandwagon and he did but so what. Sitting on a property with very likely 10 Million + LBS of Cobalt is kind of nice. And a 100 Million LBS of Uranium as well.  

Must buy more shares in a number of these companies, including UEX.

MM