UEX Corp T.UEX

Shea Creek True # of LBS in the ground

[MegaMAxTZ]

Amidst all this chit chat about the JCU deal, do not forget, UEX now owns part of the Denison portfolio. Could it have been a bit better deal - of course - but big picture this is a very positive move.

Notice how some of the old dragons that have been around a while change their tone when UEX comes up. Interesting to watch. UEX is still very much under the radar beyond those that follow the U world.

Now one thing about Shea and the reason it exists in the first place is Cluff Lake. Which mined 62 million LBS as we all know. And Shea begins only about 10 KM from the southern portion of the CL mine. And Shea extends south for over 3 KM.

When the Carswell event took place, a whole lot of stuff happened and a lot of area below ground was liquified. This was one MF of a ground shaking event when this pretty large asteroid hit this area.

The real question is how did the Uranium get into this area in the first place ?? Hmm. Some of the U values at Shea are off the chart at 20 % + for 15-20 M which is serious tonnage. And as we all should know Uranium was not created inside the earth - it comes from a very large star/supernova event likely even billions of years before earth was even formed. A chunk of asteroid containing a pretty high level of Uranium hits the earth about say 1.2 Billion years ago. Saskatchewan was not even in the same place on earth at that time but who cares. So the asteroid hits, the Uranium is splattered and sinks down about 300 - 400 M. Total could have been over half a Billion (yes with a B) LBS of Uranium - not an exageration.

THEN the Carswell event happends about 110 Million years ago - liquiifies the U once again into a kind of Uranum river which flows down into the Cluff lake area and flows further down into the Shea Creek area. So the U is discovered and mined at Cluff Lake. But the U is heavy and flowed still further down - possibly a much larger amount -could be 2 or 300 Million LBS maybe more at Shea.

THIS is one of the reasons Shea is so important and will be mined one day. When Uranium hits $ 100/LB and it will with the Sprott activity underway - Shea alone will be valued at what ?? 

$100/LB X 250,000,000 LBS is a pretty big number and a lot more than $ 0.30 so no worries on the Denison/JC stuff - this is kid argument stuff. Dollars and not pennies remember. Still accumulating.........

We shall see.

MM