OTCQB:UEXCF - Post by User
Comment by
MegaMAxTZon Feb 11, 2020 4:15pm
168 Views
Post# 30676506
RE:RE:RE:Added 34166
RE:RE:RE:Added 34166What was the UEX share float in mid 2007 ? Believe around 185 Million maybe ? No Cobalt - No Christie Lake property - Shea LBS was much smaller then I believe as well. BTW, there are some very serious LBS likely still not seen/discovered at Shea looking back at the Technical Reports. Could be 100+ Million LBS at Shea alone if more drilling can be done.
And what about some of these results found in the 2009 UEX Shea Technical Report - As in grades of 4.20 % U over 36.0 M and 4.10 % over 45.0 M - that is HUGE. Between Page 13-15 of 157 in the report.
Point is UEX share price hit over $ 8.00 in the previous buying frenzy during 2007. Will the frenzy be bigger soon in this next wave (when not if) - I believe it will because some folks made some serious $$$ returns and want more AND some more folks have now read about those folks making serious $$$ returns and want some.
Nobody ever talks about the 1974 to 1976 Uranium runup - as in from $ 6.00 to $ 40 +/LB. Now that must have been crazy. And in those days - only tiny Nuclear Power Plants most in the US existed - compared to the Giant Nuclear Power plants being built now. Small LBS then vs much much bigger LBS now per Plant. And nobody is making much money selling U LBS out of the ground right now.
The overshoot could be upwards of $ 168/LB for Uranium for the coming Bull - somebody has to say it as the lights are not going off. Ever. And Nuclear will be around until 2100. Quick math over the next 80 years and that means using a VERY conservative figure of 150 Million LBS/YR around the world - 12 Billion LBS of U needed. That is 40 + Cigar Lakes.........
380+ Million UEX shares with more good stuff and LBS in the ground. Believe $ 2.00 per will be on the low side. Be prepared to be pleasantly surprised.
MM