OTCQB:UEXCF - Post by User
Comment by
MegaMAxTZon Jan 14, 2020 4:33pm
87 Views
Post# 30552842
RE:Technicals
RE:Technicals Actually Cameco cannot start up MR in 6 months - no way not possible. Even if they greenlighted this tomorrow on January 15, it would be well into late 2021 before they could make ANY LBS and would then be another year before they can scale to 18 M LBS/YR - so basically 2023.
And looking at the markets to start 2020, Cameco is in no rush to do anything right now so say summer at the earliest before they might even greenlight a MR start which moves the time line well out into 2023.
And German leaders are morons IMHO.
Painful believe me to be talking like this but reality is reality. Suck it up and be patient. And this jumping in and out of the UEX position with buy at $ 0.11, sell at $ 0.15 or whatever - just leave things alone and reap the ultimate reward.
Is UEX still one of the good horses in this U market ? I believe it is and will be pounced on by the institutional money when it hits. And if Uranium supply is short with no new big mines still on the horizon, Uranium prices of $ 150+/LB are not out of the question at some point in the next run. Believe UEX will be beyond $ 0.45 per in that case.
MM