UEX Corp T.UEX

Primary Symbol: UEXCF

Metals & Mining Industrial Metals & Minerals

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

UEX Corp

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Comment by KansasCrudeon Jan 11, 2012 1:24pm

397 Views

Post# 19392212

RE: Question

Looks to me like you haven't done any or very little due diligence on this stock.

Shea is far from the only valuable asset the UEX owns. Hidden Lakes is right between two U mills (less than 2K away) and has 40 million lbs of high grade shallow open pit mineable U. UEX has a total of 18 projects

UEX has the largest undeveloped U resource Shea, and Hidden Lakes # 5 I think.

Cameco doesn't own 50% of UEX they own 51% of some of the various projects, Areva actually owns 51% of Shea.

Cameco owns <23% of UEX

Would guess the execs know both the U price and UEX will go up in price. Especially as we near the Russian subsidy program Megatons for MegaWatts and O'bummers giveaway of U.S. gubmint U is absorbed.

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