UEX Corp T.UEX

RE:RE:Not Looking Good for Cobalt in the Near Term

[MegaMAxTZ]

Cobalt prices are NOT struggling - highest they have been since 2009 other than the speculative price spike last year. Trust me I am in the Cobalt consumption business and current prices are 50 % higher. Paying close to $ 30/LB vs $ 10 - $ 15 is a major hit not minor.

And the EV market is still in very early stages. Unless some genius develops a car/bus/truck battery that does not need any Cobalt to prevent overheating and fires ( a la Samsung), Cobalt is around for 10 years if not much longer.

UEX is a Uranium exploration company and not a Cobalt company. But pretty nice to have one of the highest grade Cobalt deposits on the planet with room to grow - possibly a lot. WB is very likely peppered with Cobalt lenses all over the property. Over 10,000 Tons is not out of the question - a bit of wishful thinking but possible.

The challenge for Roger and company - divert precious drill $$$ resources to expand WB OR use resources to continue to grow Christie, Shea and the others. Need to get Uranium indicated/measured LBS well above 100 Million sooner than later on the properties.

Somebody is likely going to buy the WB property - for how many $$$ is the question. Ford or Tesla or VW are not going to buy a 1500 Ton deposit that is for sure.

No rush to spin out CoEX, just my take. Would rather see $ 1.00 + later for CoEX than pennies now......

MM