OTCQB:UEXCF - Post by User
Comment by
MegaMAxTZon Oct 10, 2019 10:40am
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Post# 30216900
RE:UEX/ CoEX: Unearthing Energy Metals: Spin-Out Soon???
RE:UEX/ CoEX: Unearthing Energy Metals: Spin-Out Soon???Greenview, you are a trooper and great cheerleader I will admit. Bold typing and always wishful thinking. But remember UEX share price is not going to move in a big way until the whole Uranium sector is moving with more speculator and institutional money.
But since we are back in the low's (sadly) let us speculate. UEX announces they have found the motherlode just north of Christie Lake on the P-2 fault line connecting MR and Cigar - could be upwards of 300 Million LBS of Uranium - maybe more.
So what would this do to the UEX share price TODAY ?? Spike of what $ 0.10 or $ 0.20 or what ??? Above $ 0.50 per share right now - not sure this would happen. But I will say when LT contracting begins again - this would propel UEX to be at the lead of the surge.
And what if we are at the same position in October of 2020 vs now - spot at $ 26/LB ?? Is it even possible for this to happen 12 months from now ?? And if it is, we will see the most violet spike in Uranium prices EVER in my opinion. We shall see.
MM