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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

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Post by MegaMAxTZon Oct 18, 2019 12:25pm
362 Views
Post# 30244244

United States Uranium Production Hits All Time Low in 2019

United States Uranium Production Hits All Time Low in 2019Anybody that does not see this stat as a MAJOR catalyst might want to move back to Bitcoin, POt or whatever. Uranium is the place to be invested in, but now as folks mention ANOTHER tax loss season upon us, this separates the wolves from the retail lambs. Billion dollars buys a chunk of shares in all these Juniors & Explorers as the retail lambs bail. 

The US produced just 103,000 LBS in the first half of 2019. Full year likely will be around 240,000 LBS. An all time low since 1949. Assuming they consumed 24,000,000 LBS in the first half of 2019 leaves a gap that is just ridiculous.

With no movement in price,  US will produce virtually zero LBS in 2020.

So are all the US Nuclear Power plants going to all shut down ???? If they do, then head for the hills and move back into the caves. Maybe ?? Not.

How long is the current Cigar Lake LT contract ?? Written at the peak maybe over 10 years ago, but Cameco are not going to reup at current prices. So maybe that is the next step - Cigar Lake on C&M after mid 2020 - until at least 2022. Now will that not be interesting, yes??

Kazak's cannot crank it up enough to supply current and all the new builds in China, Russia, India etc AND the United States at these prices. 

Whether a Fission or Nexgen fan or a few others, none of these can crank LBS for at least 5 years at the soonest - that is almost 2026. MR will need at least 30 months to even start back up to make some LBS. I have said before that equipment rusts in moist undergound environments. Think they crank MR back up at $ 40/LB LT ?? Think Again. 

Believe UEX is good through 2020 before a " what do we do now" moment comes needing more funds to continue - dilution maybe but maybe CoEX and Cobalt metal prices by fall of 2020 will create some dollar leverage for the UEX side.

Wolves who made bucks in the 2005-2007 are JUST LAUGHING their heads off right now as the retail squirm at these again low levels. Accumlating shares once again in all these companies. BTW, who even can think of selling 50,000 + UEX shares right now at $0.135 ?? Just do not get it.

MM 
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