GREY:UEXCF - Post by User
Post by
KansasCrudeon Jan 05, 2009 3:20pm
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Post# 15683214
Not to Shabby!
Not to Shabby!
WOW! Thanks Mangoe, 30 million lbs of high grade surface/near surface U 308 less than 5 miles from a Co-partners mill. That's a solid extra base hit. A 4 bagger when they establish the resource at 40 million lbs or more down the road when they continue proving up the open resources at both locations. Don't you think Dennison and some of the other U companies wouldn't give their right nut to have these kind of grades this close to their mills. They are struggling to get .02 and UEX is cutting off their grades at .05.
Just looking at these three relatively small projects alone would way more than justify the current market cap of UEX not even including the Shea Creek and all the other projects UEX has ownership in. Still very cheap!