GREY:UEXCF - Post by User
Post by
mangoeon Jan 07, 2020 5:02pm
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Post# 30527906
Understanding Nickel Market
Understanding Nickel MarketFrom Destinator https://investorshub.advfn.com/UEX-Corp-TSX-UEX-17360/ Understanding Nickel Market Crux interview with Marc Selby I learned from SIR URANIUM's Twitter feed that UEX was rescheduled to be interviewed yesterday by CRUX INVESTOR and that tweet sent a chill down my spine. Can Roger pull off another good interview? Well, for starters, it was originally delayed due to 'technical difficulties'. Sound familiar? Nevertheless, it was rescheduled for Jan 6, 2020. I don't know if that interview has taken place or not. That said, during my dig, I found this CRUX interview with Marc Selby. He is not exactly on my list of most trusted CEO's. Simply put I don't care for him one bit. However, there are some interesting discussions regarding how the nickel market works. I am posting this on this board because of the fact that UEX's COEX component (COEX) is a 100% owned subsidiary of UEX. UEX has raised the specter of previously ignored Cobalt and Nickel discoveries in the Athabaska basin. It could be said that UEX has PIONEERED nickel and Cobalt in the basin and it plans to spin out COEX at some point in time. It is my belief that unless UEX makes a significant step such as taking steps towards bringing Hidden Bay into Uranium production or adding significantly to their West Bear Cobalt Nickel resources, or if the Uranium SPOT price suddenly takes off, there will be NO SPINOUT of COEX. So, while we wait for Uranium SPOT to put operators on the SPOT, or while we wait for some stellar WEST BEAR or Hidden Bay developments we might want to spend a bit of time getting to know more about where the Nickel and Cobalt market may be headed. This interview does address the Nickel market inner workings and makes significant references to EV's. It might be worth a listen to those focused on EV's and specifically the mining that is needed to sustain that industry. Specifically listen to how expensive it is to start a nickel mine. Of course that refers to mines where Nickel is the primary target. But what happens when Cobalt and Uranium are the primary targets instead with decent Nickel grades being the icing on the cake. It is something worth thinking about. I wonder how much time the CRUX interview with Roger will spend on discussing Cobalt and Nickel.