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UEX Corp T.UEX


Primary Symbol: UEXCF

UEX Corp is an exploration and development company. It is engaged in the exploration and evaluation of its mineral properties located in the province of Saskatchewan. The company's projects include the Hidden Bay Project, Horseshoe-Raven Project, West Bear Project and others.


OTCQB:UEXCF - Post by User

Post by MegaMAxTZon Apr 25, 2019 4:56pm
113 Views
Post# 29671675

What is going on in the Uranium Industry ?

What is going on in the Uranium Industry ?Well this is going to get even more interesting until September. Now entering the slower summer period AND STILL NOTHING is moving in this U sector. Crazy. What does this mean ?

Stuck under $ 30/LB in May 2019 as the noose tightens even more if that is possible. Or do we really have Billions of LBS above ground and in everyone has tons of inventory ? Do not believe that is the case.

Section 232 decision is probably going to come sometime in later June but possibly sooner. Who but a handful and savy will even be paying attention by then ? Energy Fuels, UEC and UR can barely make 5 MLBS/YR if they all crank it up and  and that is a ?? Do US Cameco LBS qualify for US Made Uranium - I suppose they do but these LBS are also not huge. 

And then we have the balance of UEX results coming - probably more next week. If I see one more 0.25 % Cobalt result and not a BIG 2.00, 3.00, 4.00 or 5.00 % + over many X M - will be close to formally putting the early 2000 Cobalt super high drill results under suspicion.............

Have asked before but want just one WB drill hole - even if it is duplicating a previous hole - that reconfirms a very high Cobalt value. Believe this must happen, especially as a CoEX talking point and spinout detail. IMHO.

Expanded East and Southeast very high grade drill hole results from the outlined "BlueHand" WB are a must. And need to make the Bluehand much bigger to show the bigger footprint of the deposit. 

Chatter about what price will MR need to start up again. Many are saying $ 50/LB but believe this is still too low. Contracts will be written with maybe some LBS at mid 50's but definitely with steps that bring price above $ 65 as market supply nafrrows dramatically and spot basically becomes irrelevant.

Like pushing a car uphill but once at the top, clear sailing to multiples XX.

MM
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