GREY:UEXCF - Post by User
Post by
MegaMAxTZon Apr 25, 2018 6:55pm
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Post# 27941179
CoEX is a World Class Cobalt Deposit
CoEX is a World Class Cobalt DepositBeen away for a few weeks dealing with the bad side of Cobalt prices rising. And they are if you are in the industrial markets buying Cobalt based products. Killing me with costs as we march upwards towards $ 50/LB. Which will happen by summer.
On the other hand, UEX has a world class Cobalt deposit. Anybody casually saying 4.00 % are so so is crazy. 0.80 % is a high grade area - just look at Ontario companies who highlight 0.40 % drill results as great. Even having a single drill result at 4.00 % is huge.
Other than the Morocco primary Cobalt mine, this is a top five in the world - NOT North America.
but world. Sadly still under the radar.
So now we have poor saps selling because this third tranch does not have any monster % hits ... Please as someone said, UEX are exploring the outer reaches at West Bear.
In summary, Uranium spot prices are not real as rumour has companies signing above $ 50/LB. UEX has a MAJOR Cobalt deposit..... Uranium prices are going up. Be patient.
So the saps who might have bought in at $ 0.10 to $ 0.15 are selling on all this positive news. All I can say is sell please so others can buy. A dollar per share is low - Sprott did not buy in at a price of $ 0.20 to make $ 0.80 per share trust me - they tasted $ 5.00 per share and want it again. ....
MM