UEX Corp UEXCF

Casey Research is at it again.

[mangoe]

From Destinator  https://investorshub.advfn.com/UEX-Corp-TSX-UEX-17360/


Casey Research is at it again. 

Only this time the emphasis on Cobalt has been increased. 

They are still primarily promoting Nickel Sulphide as part of the 1-1-8 technology. 1 Cobalt, 1 Manganese and 8 Nickel Sulphide. 

However the Cobalt emphasis in their promotional material has increased significantly. They are sticking by their 700% increase in Cobalt price prediction. One interesting note that I will zero in on is the fact that they are promoting a company with 28 million lbs of cobalt. The material states that this is enough to produce 4.6 million 1-1-8 Tech Batteries. 

CoEX so far has a 43-101 estimate of 3 million lbs. Using the above numbers as a guideline, that would equate to over 0.5 million batteries. That sounds like it would already be attractive to an automobile company looking to secure a clean ethical supply of cobalt so that they could be remain competitive and secure as an EV manufacturer. 

Of course more cobalt has been discovered by CoEX since the 43-101 has been completed. Unfortunately the Sonic Holes were never assayed prior to the 43-101 being produced. So I guess we can look forward to another 43-101 once those sonic holes are assayed? Can we? 

Another 3 million pounds would make CoEX's West Bear property a potential supplier of Cobalt for over 1.0 million EV Batteries. Another 6 million lbs would result in over 1.5 Million batteries. The Casey Research growth prediction for the Cobalt company with 28 million lbs is in the 1000's of % growth range. And yet UEX trades only as a Uranium Exploration company and at an undervalued price at that. 

So why are some people still selling UEX stock? I have a few select words that could answer that question but that is something that readers of this post can conclude themselves.