Has there been a tipping point in relation to UEX shareholders and their willingness to part with shares?


Not much price action yesterday very low volume as UEX holders seem to have shed the weak hands. As the Uranium bull gets underway and the stock begins to lead the metal, stronger hands that have bought and are buying will be reluctant to sell at low prices, fair value based on consensus estimates and industry professionals rate UEX shares at 0.45c on current conditions. 

Why UEX?
  • Largest project portfolio and land position in the Athabasca Basin 19 projects 2,944 km2 land position
  • One of the largest uranium resources held by a junior 99.5 million lbs U3O8 across 10 deposits 4 key projects along strike of uranium mines (McArthur River, Cigar Lake, Rabbit Lake, and McClean Lake)
  • Massive exploration upside with near-term development potential Shea Creek: Impressive expansion potential within the existing footprint of the deposits Christie Lake: only junior-controlled land package situated between McArthur River and Cigar Lake Hidden Bay: unparalleled basement-hosted uranium potential (14 drill-ready targets) Horseshoe-Raven: amenable to low-cost heap leach
  • Early days of one of the highestgrade Co-Ni deposits in Canada Indicated resource of 5.1M lbs Co and 5.7M lbs Ni at 0.19% Co and 0.21% Ni Discovery of a new type of cobalt deposit in the Athabasca Basin
  • Compelling value and re-rating potential Trading at C$0.73/lb U3O8, 48% lower than TSX/TSXV junior uranium sector average Upcoming exploration of a potential Tier 1 uranium target at Christie Lake
  • Experienced and proven leadership/exploration team Exploration team with >75 years of experience and >275 M lbs of discovered uranium resources