UEX Corp UEXCF

RE:In 2008 the price of Cobalt reached approx $54.00

[MegaMAxTZ]

Quite the juxtaposition we have evolving here since 2016. Sitting on this West Bear property with a pretty impressive Cobalt deposit is very excitng indeed. Owning a pretty good chunk of shares in UEX with the likely spinoff of CoEX coming over the horizon..... 

Very likley Cobalt metal will hit $ 50 + per LB and continue to possibly $ 125,000 / T before this is all over in 2020 and beyond.

BUT on the other hand, being in a Cobalt ( BLUE) business with my costs climbing from around $ 11/LB in June of 2016 to currently $ 18/LB is severely limiting opportunities. If it does go to $ 54/LB again or more, my costs will go to close to $ 30/LB which is an end of game. But that is my problem.

Now back to the positive and the WB deposit - the fact that Cobalt values are consistently higher than Nickel is very intriguing. Should be the other way around. Can anybody explain this ? How big is this thing really in all directions ? Possibly 150 M or more ? Shiny metallic bits on the surface are also in play. How did they get there ?  Could this really be a pure play Cobalt deposit like in Morroco ? Not many of these on the planet - not even in the Congo.

Even only a 1000 T  of Co is about $ 100 M. And 1000 T is pretty small. Add a zero or 2  and what have we got ? Start to talk with B's vs M's . Believe Sherritt may be sniffing around here as well as a few others.

Broader market will hear about this very soon. Forget about only $ 1.00 as the sky is the limit. Mr. Roger has some Aces up his sleeve here. Hope he does not blink.

MMTZ