GREY:UEXCF - Post by User
Post by
KansasCrudeon Dec 30, 2008 6:28pm
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Post# 15672813
2 billion UEX has already had that market cap.
2 billion UEX has already had that market cap.
Based on some spreadsheets that were done basis the grades and lengths of the intercepts at Shea Creek and other properties it was estimated that UEX could have approx 500 million lbs of economically recoverable U or much more. Based on current prices that would be $26.5 BILLION dollars worth of U in the ground. Now those are certainly not fully verifiable at present and may prove to be nothing more than a WAG. But the truth remains the bonanza grades at Shea Creek have no equal. The fact that the deposits remain open in all directions and depths are verified by the drilling results. The land area covered by the drilling is very significant. That the mine shafts to be sunk at Shea (with Cameco) will costs in the hundreds of millions should not be taken lightly. No company makes those kinds of investments without having the goods. Do your DD!