UEX Corp T.UEX

RE:UEC offer should be .249 not .0831 to be fair...hers why

[invest4fun]

NewCoreFish wrote: June 9th UEC had a market Cap of 1.14B for roughly 150M pnds of Uranium = $4.22 per known Pnd UEC also has a cash balance sheet of $180M so lets minus 16% of the per pound valuation = roughly .68 per pnd valuation bring their per uranium valuation to $3.54**************************************June 9th UEX had a market cap of 152M for a per pound valuation of $1.02 per know pound***********The difference in what- UEX Uranium to what UEC valuation of uranium is 3.5 times**************************************************** current offer form UEC is 0.831 per this offer should be multiplied by 3 to make it a fair offer for both companies = .249

While I certainly agree with you that UEC is getting cheaper "pounds in the ground" than their own, the big difference is that their ISR projects are pretty close to turnkey at the moment. They will be able to make hay in this cycle for sure. UEX projects are a decade away from being realized and who knows what sh!it will hit the uranium fan in the next decade. This lack of certainty has a price and as a result UEC (and the market) discounts UEX's pounds in the ground relative to UEC's.

But I do think that this story is not over. I'm certain another offer will come in.