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Goviex Uranium Inc V.GXU

Alternate Symbol(s):  GVXXF

GoviEx Uranium Inc. is a Canada-based mineral resource company. The Company is focused on the exploration and development of uranium properties in Africa. The Company’s flagship mine-permitted Madaouela Project in Niger, its mine-permitted Mutanga Project in Zambia, and its multi-element Falea Project in Mali. The Madaouela Project is located approximately 10 kilometers (km) south of Arlit, and Areva’s mining subsidiaries of Cominak and Somair, in north central Niger. The Mutanga Project is located approximately 200 km south of Lusaka, immediately north of Lake Kariba, at elevations of 500 meters to 960 meters. The Falea Project is located within the Falea-North Guinea-Senegal Neoproterozoic Basin. The Falea Project is comprised of three licenses, such as Bala, Madini and Falea. The Falea polymetallic (uranium, silver, and copper) deposit is located in Mali, West Africa, approximately 350 km west of Bamako, the capital of Mali, and approximately 240 km south of the city of Kayes.


TSXV:GXU - Post by User

Bullboard Posts
Comment by MajorityMobon Nov 17, 2017 7:13am
119 Views
Post# 26982120

RE:RE:RE:Market Indicators

RE:RE:RE:Market IndicatorsDo some basic research!

Uranium isn’t rare, we know that.  
Utility demand is steadily rising adjusted for shutdowns.

And yes, no one cares about what the WNA has to say about supply and demand.  No where will you see anything about price in any of those articles.  They only care about production capability regardless of the cost to mine it.  Available uranium is a tiered cost to production commodity and right now the largest and lowest cash cost mining companies aren’t breaking even let alone making a profit.  Break even equilibrium is ~$60 per pound and the lowest long term price that any large mining company will accept is likely $48, camecos average LT contract price.  We need the long term price above $48, that’s the target in my mind but this industry, being uranium, will probably overshoot that mark.





Bullboard Posts