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UEX Corp T.UEX


Primary Symbol: UEXCF

UEX Corp is an exploration and development company. It is engaged in the exploration and evaluation of its mineral properties located in the province of Saskatchewan. The company's projects include the Hidden Bay Project, Horseshoe-Raven Project, West Bear Project and others.


OTCQB:UEXCF - Post by User

Bullboard Posts
Comment by KansasCrudeon Nov 26, 2008 3:42pm
804 Views
Post# 15612361

RE: Cash of $25 million looks weak

RE: Cash of $25 million looks weak
Certainly a good chance exists that we could see a dilution over the next 12 -18 months.  However given the current pricing of U I think the chances are fairly low .  Areva has already signaled the market that they will not be expanding with current U pricing.  The shaft at Shea will not happen at these economics.  Therefore I would think you would need to see U pricing at least in the $90 dollar range to see development at that asset.  (this is a WAG).  Obviously U at $90 or better should translate into a much better UEX stock price.
I continue to see exploration to develop the credibility and mineability of the resource estimates as a priority along with the shallow  lower cost deposits at West Bear and Raven as the most likely actions as long as we limp along with the U market pricing below replacement economics.
Bullboard Posts