GREY:UEXCF - Post by User
Comment by
MegaMAxTZon Mar 13, 2018 11:50pm
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Post# 27711016
RE:RE:Response to greenview1 post. Compare Cobalt 27 to CoEX.
RE:RE:Response to greenview1 post. Compare Cobalt 27 to CoEX.Nickel returns are minor on a pure Cobalt deposit. Nice but pennies on the dollar. Destinator you are quite accurate in your analysis. Furthermore with the MALCOM post on the NXE site which you rank as one of the best ever - I agree. Study the Uranium LBS building.
The CoEX West Bear deposit - what is it ? We all hope of course but what really is it.... I have harped on this before - more Cobalt than Nickel/Copper . This is not normal. Meaning very high grade Cobalt is a potential. 9.00 % or more Co is unheard of...
Your numbers of 3000 Tons refereed to $ 42.25/LB by my math with the apple to apple. Whether Tonnage in drums or in the ground are not the same. In the ground NET are far better for CoEX
In 2020, Cobalt prices will be at $ 60/LB +. So 3000 Tons is USD $ 360,000,000. My math but might not be too wrong...... And in Shea not focusing on Christie Lake and yea right $ 0.27 per ...
Shea when drilled could be bigger than NXE and FCU combined if properly drilled. As in Cigar Lake 2.0 - nobody even looking at it..