OTCQB:UEXCF - Post by User
Comment by
MegaMAxTZon Mar 24, 2018 5:46pm
100 Views
Post# 27776214
RE:RE:This needs to happen for a surge in UEX and future CoEx
RE:RE:This needs to happen for a surge in UEX and future CoExAgreed. I think destinator once made the analogy of a building on it's side. We have almost 30 feet with grades over 2.00 %. How big could the building be containing Cobalt.
Each Ton with 2.00 % contains 40 LBS of Cobalt at 2020 prices of at least $ 55/LB. $ 2200 per ton.
How many tons of rock to mine - 100,000 tons maybe or more ? LBS will certainly add up even at only 1.00 %. Throw in a few Cobalt veins of 5.00 % or even 10.0 % and now we are talking. What if they find a drill hole with highest natural grade of Cobalt ever recorded anywhere on earth. Possible. That will certainly make the news.
MM