OTCQB:UEXCF - Post by User
Post by
planet51aon Jul 15, 2005 6:56am
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Post# 9282425
quality returns $$$$
quality returns $$$$For most that have been with UEX for some time they understand the significance of the last release. The relases from UEX other properties confirmed the valuation the market had placed on the stock, The Shea Creek announcement more than justifies a large incremental increase in value of the PPS. There is much more news pending ie:- Riou Lake. UEX has proven to be a class company, they tell us what they are going to do, and the job gets done, they have increased shareholder value astronomically and in my opinion they will continue to do so. From the inventory of projects both proven and probable reserves they easily satisfy the implied project value of the stock. For those that do not understand U308 value's most producing mines "worldwide" have grades @ less than 1%. I find the easiest way to understand the grade value is to take it back to rock value and compare:
Gold- 1 oz per ton $440/ton rock value/ton
Diamonds-1 carat ton $135/ton rock value/ton
Uranium @1% ton $600/ton rock value/ton
All the above is just my uninformed opinion but when you break it down it seems to be fairly simple. UEX has the goods and they are in the process of proving the reserves.
JMO
Planet