OTCQB:UEXCF - Post by User
Comment by
PVanDenKeereon Feb 26, 2021 8:47am
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Post# 32669187
RE:Uex market Valuation $1.04 per pound???
RE:Uex market Valuation $1.04 per pound???What is your source ? Of course these estimates rely on the ressource that is economically recoverable as per the reference price of uranium at the time the study was made.
The good news compare with other Junior is the lower the profit is per pounds the more leveraged you get when the Spot Price increase.
Example : A Company that can make 4$ per lbs, if Uranium raise by 4$... it will double its profitability
A Company at 1$ per lbs, the same raise with quadruple its profitability.
Then if the spot price raised, the amount of Uranium economically recoverable increase as well.