OTCQB:UEXCF - Post by User
Comment by
MegaMAxTZon Mar 05, 2020 11:45am
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Post# 30770641
RE:RE:What does substantially
RE:RE:What does substantiallyUEX having 10 Million or more LBS of Cobalt + XX Nickel LBS would be huge in my opinion. Cannot restate how important this is to have a Cobalt deposit that can be mined, Open Pit. Just come on Roger and staff use your smarts to find 4 or 5 more Cobalt deposits on the WB property. This was an Ancient Sea and Co/Ni LBS in Nodules are scattered all over this area.
These would all not be copper byproduct mines put pure Co/Ni mines - notice plural mines and not single Cobalt mines.......
Trouble is nobody still really paying ANY attention at least with their money to the Uranium sector as a whole. But maybe Bill Gates who is sniffing around Canada for Cobalt will or already has caught wind of UEX/CoEX - who knows.
What I do know for a fact is that when Uranium somehow gets above $ 30/LB as the " Offical Spot Price" even though this price is what the traders are buying and selling - no real LBS for a Nuclear Power Plant are currently available at under $ 30/LB - nowhere in the world right now. None - not a single LB traded at current spot will ever end up in a Nuclear Power Plant. That LB will end up in the plant at a much higher price.
When the U dam breaks though, which horse will lead the way ? Remember Secretariot in the first turn of the Preakness in 1973 - watch it again on YT - one of the most specatular feats in ANY sport ever in those 10 seconds. Could be UEX maybe ? We shall see.
MM