RE:RE:RE:John Quakes on UraniumHope you are right, a bit of stock rotation in the pipeline then for me to take advantage of the situation you describe mango. As we know stocks are disconnected from spot and JQ did a great threat on the "URA effect" (
https://twitter.com/quakes99/status/1256761570928914432)
I expect a violent re-coupling soon.
In particular, news of a hit from christie results in the middle of the financing will place the cat amongst the pigeons, it occurred to me when I read the line, "
The Company intends to use the net proceeds of the Private Placement to support planned exploration activities at Christie Lake and for general working capital." that they are in possession of results, (abeit not confirmed from the lab), that pursuaded UEX to raise immediately. We know Shea Creeks has mega potential but also know there is nothing planned to start until 2021, which I think will be significant, but I get the impression that they have had a sniff at Christie, which excites them as it sits directly between the worlds two highest grade mines Camecos McArthur River and Cigar lake, (Location, Location, Location!) over 20M lbs high grade 1.5% U308
Has Roger been hinting during latest interviews? - Roger "...Through up cycles & down cycles the next discovery company ALWAYS does better than the producers & developers so that's were UEX really shines, we have that portfolio that is unmatched..."
We know that UEX has a unique range of projects but shines in their 5 mid range lower risk projects where 15-20 identified targets (HOT SPOTS) can make the next BIG discovery. That converts to a UNIQUE & ENVIABLE company! Grass roots through mid-stage to Development and Production, 21 projects, 300,000ish ha massive land package The last news of Christie Lake reported; Christie Lake Property
UEX will be commencing its 2020 exploration program at Christie Lake in mid-February. Despite the discovery of new mineralization along the B Trend in hole CB-141 that averaged 1.17% eU3O8 over 1.9 m from 498.1 m to 499.6 m (see UEX News Release dated October 29, 2019), UEX will be focusing the majority of its efforts at Christie Lake in the rora North Area in 2020.
In 2019, the Company completed a property-wide DC Resistivity survey that defined a strong and wide anomaly (the rora North Resistivity Anomaly) similar in nature to the resistivity anomalies occurring over the Ken Pen and Paul Bay Deposits. The rora North Resistivity Anomaly is located north of and parallel to the Yalowega Trend, which led to the interpretation that the rora mineralized trend may be offset by a north-trending fault. Subsequent drilling of three holes in the Fall of 2019 at the southwest end of the rora North Resistivity Anomaly defined a northwest-oriented fault structure that contained strong hydrothermal alteration and thick dravite veining, features observed in the three known uranium deposits at Christie Lake (see UEX News Release dated October 29, 2019).
Recently received geochemical results from samples collected from within the altered fault structure in the sandstone column of these three holes show substantial geochemical enrichment of uranium over wide intervals extending as much as 250 m above the unconformity. The uranium enrichment in each hole ranges from 3 ppm to 12 ppm uranium over core lengths of 98-180 m, reaching as high as 44.3 ppm U in one sample. Athabasca uranium explorers consider 1-2 ppm uranium in the sandstone-hosted structures to be of exploration interest. Such sandstone uranium enrichment is often found close to uranium deposits.
To assist the Company in refining drill targets later this year, UEX is undertaking a Phase I geophysical exploration program comprised of a fixed loop electromagnetic survey (“EM”) focused on the rora North area. Additional EM will be completed in the southern half of the B Conductor area. A total of 63 line-km of EM surveying will be completed this winter.
A Phase II program is planned that will consist of diamond drilling in the rora North area to follow-up the 2019 drilling program after the Company interprets the results of the EM survey.
"The time to pay attention isn’t when uranium prices climb back above US $40.00/lb and everything’s already in motion, it’s right before." (Ormi Wallach)
I THINK THE TIME TO PAY ATTENTION TO UEX IS NOW NIT AFTER THE FINANCE COMPLETES, DYOR, JMO