UEX Corp T.UEX

RE:RE:UEX may sell cobalt prospect

[MegaMAxTZ]

Would be crazy to sell this potential and very likely large Cobalt deposit now. Cobalt is at $ 28/LB right now up from $ 11/Lb in June of 2016.

Uranium is at spot $ 20 right now. Cobalt could go high as in real high. Uranium could go to a spot price of $ 40/LB or more by this time nex year. It could go above $ 100/LB in 36 months if a lot of factors kick in. Camceo cutting. Kazaks cutting. All the current U mines will be done in 20 years. Utilities will all be scrambling for LBS in a few years. $ 200/LB is not that crazy in the future.

Electric cars whether you like em or don't are coming in a big way. Volvo will make no gasoiline cars by 2025. Many other makers arefollowong. All these cars will need Cobalt Metal for their batteries.

Just like a utility does not care what uranium costs - they must have Uranium even if it costs over  $ 500/LB.

Cobalt does not make up a large % of a car battery. Even if Cobalt costs $ 200/LB they need it in the batteries for storage so they will buy it.

Add this up and UEX is sitting on Shea, Christie Lake and let's not forget Hidden Bay and a NOW  a Cobalt deposit that might be big. And we are talking about UEX ( including me ) above only  $ 1.00/LB.... Let me regroup and say very likely $ 3- 4 in a few years. Could be $ 10+ .

JMHOOC