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UEX Corp T.UEX


Primary Symbol: UEXCF

UEX Corp is an exploration and development company. It is engaged in the exploration and evaluation of its mineral properties located in the province of Saskatchewan. The company's projects include the Hidden Bay Project, Horseshoe-Raven Project, West Bear Project and others.


OTCQB:UEXCF - Post by User

Comment by MegaMAxTZon Nov 13, 2019 12:37pm
98 Views
Post# 30345826

RE:RE:Cobalt Based Products UP 30 % Since July 2019

RE:RE:Cobalt Based Products UP 30 % Since July 2019NN1234, You bring up the quandry of both Cobalt and Uranium investing.  Cobalt is not going nowhere - it is here to stay long term. Cobalt will be in industry very long term as in the next 100 years or more. And it will be in car batteries medium term until someone figures how how to get rid of it completely. See the Tesla on fire in Hong Kong a few months ago - guarantee was a battery with skimpy Cobalt content. 

So pretty much guaranteed that Cobalt will be in car batteries in some significant % until 2030. Beyond that we will see. Who will have an electric car in the next 5 years ?? I will at least for one of our mostly city vehicles at less than 250 miles per month.

So back to UEX with a pure play Cobalt asset - not a Nickel mined by product - which makes it pretty unique globally. What to do if you are running the UEX ship - try to define it and hope for larger amount of found LBS ??  We all hope for sure - I believe and have spoken at length that the REASON for the Cobalt LBS at WB is a unique geological event - maybe or maybe not Roger et al. know why - if they do - keeping it close to the vest.

Was bad timing when the current bottom dropped out of the Cobalt market. But I was around when Cobalt went above $ 50/LB for a period - and at that time not even a hint that electric cars would ever scale like they will in the next 5 + years. Which is why CObalt will easily get back above $ 20/LB in the next 12 months.

But the REAL story is Uranium - 2 years ago in 2017- saying that in November of 2019 Spot U price would still be around $ 25/LB ?? Very few. Likely most are here hoping and waiting for U to get back into juicy mode and start moving up in price.

Will Cameco buy 10 Million LBS in the next 50 days ?? Or wait until 2020 ? Big picture will move these smaller companies like UEX. Having both Uranium and Cobalt is still an advantage. Just going to have to wait it out.

Question is how many retails will bail when UEX hits $ 0.40 per gain ??

MM 
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