OTCQB:UEXCF - Post by User
Comment by
MegaMAxTZon Mar 15, 2019 2:46pm
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Post# 29492757
RE:RE:RE:A matter of time
RE:RE:RE:A matter of timeNo offense no worries. Discussion is always good. Technically right now as of today, the Cobalt in the CoEX division at WB is already priced into the UEX share price of $ 0.155 is it not ? Whether 3 Million LBS or whatever it is after the next drill results.
Nobody has talked about what a CoEX share would be worth if the spin out happened a year ago or today. Let's say it is 1 for 1 so shareholders get 420 Million CoEX shares worth what ??
And if the spinout had happened at the Cobalt peak in early '18 - 1 for 1 - what would they be worth then and worth now ? They would likely be down by 75 % tracking the Cobalt market price.
Bottom line is that this is a good problem to have, having both Cobalt and Uranium LBS in the ground. More results likely next week.
MM