OTCQB:UEXCF - Post by User
Comment by
MegaMAxTZon Mar 06, 2018 9:23am
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Post# 27666643
RE:RE:West Bear Cobalt-Nickel-An Open-Pit Amenable High Grade Co..
RE:RE:West Bear Cobalt-Nickel-An Open-Pit Amenable High Grade Co..It would be very cool to be a fly on the wall at the WB drill sites. So a core is removed from the drill hole - are these sent away or tested on the property which I assume ?
And on that note, a Cobalt layer is pretty obvious to see by the naked eye in a core - especially with values between 3.00 % and 9.50 %. All these drill holes hitting more thatn 0.50 % would be even more exciting. I keep going back to the fact that most of the Cobalt values are higher than the Nickel values. Will these new drill hole results confirm
No need for this deposit to produce Cobalt as a byproduct of Nickel mining - this could be a pure play Cobalt mine. Just a matter of how big. A few hundred M in all directtions and down to say 50 M would be a nice start.
Then of course in a perfect world once all the Cobalt is mined - they find more in the next area beside WB - then once all of that Cobalt is mined and removed, they find a Orora 2.0 motherlode U depoit.........
And let us not forget that in 2018 so far, Reactors globally continue to consume more U - spot is irrelevant - no companies signing any long terms - inventory dwindling - Japan restarting several more. Wave is getting ever closer. I would sign at $ 70/LB today LT but any takers ?