UEX Corp T.UEX

RE:RE:UEX: Shareholder Value??? When??? Drill News???

[MegaMAxTZ]

Actually Roger mispoke as the all time high for Cobalt was around October of 2007 at $ 52 +/LB. Due mainly to speculators.

I believe $50 + per LB levels will return for Cobalt. China, Europe will be almost EV only in just over a decade or so. Some day will be illegal to have a gasoline powered car.....Hard to believe. 10 KG of Cobalt per EV  X Millions and millions of cars. Plus electric buses, trucks, lawnmowers, personal planes etc. Battery technology will not replace Cobalt entirely in EV cars for at least 10 years.

And the DRC will continue to mine Cobalt with child labor. UEX needs to make a deal with an end user and not a large conglomerate like Rio T or Glencore. A world class cobalt deposit - they need to brush up maybe on how to sell the LBS in this WB asset. Will be 10 Million LBS when the expanded drilling is complete. Plus the Nickel.

Is it really the time right now for a spin-out ? Before Uranium LB prices are ramping up further ? I am not so sure. $ 40 /LB for Uranium might be a better target and please NO MORE DILUTION.
389 Million shares is enough. Find other ways. Do not want to see 400 Million level broken.

MM