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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

Comment by MegaMAxTZon Mar 24, 2020 1:13pm
191 Views
Post# 30842291

RE:Current Uranium Spot Price Rise VS Cigar Lake Flood in 2006

RE:Current Uranium Spot Price Rise VS Cigar Lake Flood in 2006The Cameco Cigar Lake 43-101 Technical Report of 2010  -  Page 22 of 205

Regardless of when CL starts mining again and it will for sure just a matter of when. If they mine it all out in a few years or right out to projected 2028.

Only about 115 Million U LBS left to mine at Cigar Lake according to the report out to 2028.

World needs 2 + Billion LBS of U from now to April of 2030. Cigar Lake makes up less than 6 % of requirements over the next 10 years. Sorry the Kazaks do not have enough LBS in the ground even if they give it away.

Nexgen, Fission, UEX and the others are years away from LBS going from a mine into a drum, into a truck, processed and into a Nuclear power Plant.

Spot price, even though an irrelevant number will be going up as well as LT. A mathematical certainty.

MM
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