UEX Corp UEXCF

RE:UEX

[rovanie]

ARGONOT - (4/25/2021 11:58:09 AM)
UEX

FCU 590 mil shares outstanding.108mil pounds U308 resourses $0.57.                                  DML 800 mil shares outstanding 160mil pounds U308 resourses $1.32.glta.

Argonot, you're analysis is correct, but it doesn't lay out the details for investors to see the ABSOLUTELY UNBELIEVEABLE VALUE UEX IS TRADING AT RIGHT NOW!!!  Take your FCU analysis:  108 million pounds, market cap of $329 million, FCU is trading at a value of $3.05/lb.
If we were to apply the same per pound value for UEX, give it is now the 2nd largest uranium holder in the Athabasca, it is part owner in three of the next in line mines to be developed (Millenium, Wheeler River and Kiggavik), they UEX's share price should be $1.32, and Sprott's target price is a discount to that level (probably accounting for the pending share issue to raise the funds for the acquisition).  With 197 million pounds and 452 million shares outstanding, if you multiply 197 million pounds by $3.05/lb, you get a new market cap for UEX of $600.85 million.  Divided by the 452 million shares outstanding, and the price per share should be: $1.32/share.