UEX Corp UEXCF

UEX Valuation - $ 466,000,000

[MegaMAxTZ]

In mid February of 2011, the valuation of UEX Corporation was roughly this amount. With NO COBALT and fewer Uranium pounds in the ground - no Christie Lake.

Denison at that time was valued at about $ 1.4 Billion.

Of course this was just before Fukushima in March of 2011 which NOBODY - no expert - no analyst  - no one ever predicted. A true negative unforeseen black swan event. Could it happen again possibly but much less likely now with all the new safety regulations in place.

No reason when things get really going again - when - is the friggin question of course but they will. Uranium prices CANNOT stay this low for much longer. No reason UEX valuation will not be at that level of $ 450 + Million - which is just over $ 1.00 per share. Believe this to be a very conservative valuation.

Things could get real crazy and in the more optimistic scenario when Uranium is above $ 80/LB and it is possible  - a Billion + for UEX/CoEX combined is not out of the question. A stretch but very possible.

The other detail to observe is how similar Denison- UEX and a number of other Uranium companies have performed since February  2011 - very very similar - way way down but now up and down - up and down and very similar paths. Also Nexgen, Fission, Laramide, and numerous others the same.

Point is there is not enough Uranium being mined globally from here for the next 5 years. Cameco is just not going to sign anything long term below $ 60 - not $ 50 but $ 60 +. So MR stays closed until then. IMHOOC  Do not believe that many LBS will come back on line when the price of $ 40/LB is breached - just do not see it. Companies want to make money and not just be charities so Uranium LBS will stay in the ground.

Last year in April, for sure I would have predicted more activity in increased Uranium prices by now, but wrong. We shall see. Tick tock.

MM