OTCQB:UEXCF - Post by User
Comment by
MegaMAxTZon Mar 15, 2019 11:41am
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Post# 29491163
RE:A matter of time
RE:A matter of timebefore more drill results at WB. Believe next week will be more drill news - just a matter of how many. Probably about another 25 holes or so my prediction.
Looking at the current Cobalt market, CoEX shares would be worth about a 25 % of what they would have been if issued in March of 2018. So even though this is taking a long time and waiting for the friggin Uranium train to leave the station - it is probably a good thing that the West Bear drilling is ongoing and certainly (better be) will be expanding the Cobalt LBS closer to 10,000,000.
Cobalt market which I am in will probably be flat for 2019 but will begin to move up again in 2020. Cobalt will likely be ramping up in price again above $ 30 in 2022 and beyond. Imagine having 10 to 20 Million possible LBS with open pit mining. Will wait for my CoEX shares a bit down the road when they will be much more valuable.
UEX is sitting on some VERY valuable LBS in the ground for a ridiculous current price. The vultures are watching very very carefully for movement.
MM