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Why $UEX?
-Location - Athabasca Basin - high grade #U
-Experience - previous finds
-20 Projects - 4 Key projects
-Leveraged to #U price
-Unique Cobalt knowledge
-Massive land package - 290,000 hectares mineral rights
-It's 2004 all over again!
-DeepValue
Why UEX CORP?
UEX Corporation (TSX: UEX) – Initiating Coverage: Large Portfolio of Uranium Assets in the Athabasca Basin Including a High Grade Cobalt Resource
Oct 31, 2019 | Industry, Mining, Research Reports
UEX Corporation (TSX: UEX) – Initiating Coverage: Large Portfolio of Uranium Assets in the Athabasca Basin Including a High Grade Cobalt Resource
Key Highlights
UEX Corporation (“company”, “UEX”) is the holder of one of the largest uranium resources, held by a junior, in the Athabasca basin. Its current portfolio has 18 uranium projects, including four key projects with a combined indicated resource of 69.8 million pounds (“Mlbs”), and and inferred resource of 28.8 Mlbs.
Cameco Corporation (TSX: CCO), the world’s largest publicly traded uranium producer, currently holds 13% of UEX’s outstanding shares, and is the largest shareholder.
The company is currently evaluating the potential of cobalt-nickel mineralization on its West Bear project. A high-grade maiden cobalt-nickel resource was completed on one of its projects in 2018, and the deposit strike length was increased 140% during the 2019 winter drill program. UEX also owns 100% of two early-stage cobalt projects in the Athabasca Basin.
The company’s near-term strategy is to aggressively expand the maiden cobalt resource, while simultaneously selectively advancing its uranium projects. We consider this to be an attractive as well as pragmatic strategy; attractive because it will allow UEX to likely maintain its position as a leading uranium junior in the country, and be an attractive player in the event of a recovery in uranium prices; and pragmatic because of management’s conservative approach to spending capital / resources in today’s soft markets.
At the end of Q2-2019, UEX had cash and working capital of $5.81 million and $4.99 million, respectively.
We are initiating coverage on UEX with a BUY rating and a fair value estimate of $0.45 per share.
Visit UEX Corporation (TSX: UEX) page for more research, discussion boards and to like, and share.
https://www.researchfrc.com/website/uex-corporation-tsx-uex-initiating-coverage-large-portfolio-of-uranium-assets-in-the-athabasca-basin-including-a-high-grade-cobalt-resource/" rel="nofollow" target="_blank" >https://www.researchfrc.com/website/uex-corporation-tsx-uex-initiating-coverage-large-portfolio-of-uranium-assets-in-the-athabasca-basin-including-a-high-grade-cobalt-resource/[tag]UEX Corporation (TSX: UEX) – Initiating Coverage: Large Portfolio of Uranium Assets in the Athabasca Basin Including a High Grade Cobalt Resource
Oct 31, 2019 | Industry, Mining, Research Reports
UEX Corporation (TSX: UEX) – Initiating Coverage: Large Portfolio of Uranium Assets in the Athabasca Basin Including a High Grade Cobalt Resource
Key Highlights
UEX Corporation (“company”, “UEX”) is the holder of one of the largest uranium resources, held by a junior, in the Athabasca basin. Its current portfolio has 18 uranium projects, including four key projects with a combined indicated resource of 69.8 million pounds (“Mlbs”), and and inferred resource of 28.8 Mlbs.
Cameco Corporation (TSX: CCO), the world’s largest publicly traded uranium producer, currently holds 13% of UEX’s outstanding shares, and is the largest shareholder.
The company is currently evaluating the potential of cobalt-nickel mineralization on its West Bear project. A high-grade maiden cobalt-nickel resource was completed on one of its projects in 2018, and the deposit strike length was increased 140% during the 2019 winter drill program. UEX also owns 100% of two early-stage cobalt projects in the Athabasca Basin.
The company’s near-term strategy is to aggressively expand the maiden cobalt resource, while simultaneously selectively advancing its uranium projects. We consider this to be an attractive as well as pragmatic strategy; attractive because it will allow UEX to likely maintain its position as a leading uranium junior in the country, and be an attractive player in the event of a recovery in uranium prices; and pragmatic because of management’s conservative approach to spending capital / resources in today’s soft markets.
At the end of Q2-2019, UEX had cash and working capital of $5.81 million and $4.99 million, respectively.
We are initiating coverage on UEX with a BUY rating and a fair value estimate of $0.45 per share.
Visit UEX Corporation (TSX: UEX) page for more research, discussion boards and to like, and share.[/tag]
Where's the volume on TSX gone last few sessions?
The Company is also in the process of refining its targeting of other high-priority areas located on adjacent UEX mineral claims to prepare for future exploration programs planned in the immediate area of the West Bear Co-Ni Deposit. Included in these prospective targets is the Umpherville area which is located 2 km immediately north of the West Bear Co-Ni Deposit. The Umpherville area contains strong indicative hydrothermal alteration, strongly anomalous radioactivity and an extensive area of geochemically anomalous nickel that overlies an area with geological and structural similarities to that observed in the West Bear Co-Ni Deposit
https://www.uex-corporation.com/news/index.php?content_id=273
The interview is a MUST LISTEN.
THE WESTERN WORLD IS LOSING CONTROL OF ENERGY IN THE GEOPOLITICAL CHESS GAME THAT IS UNFOLDING.
A POSITIVE 232 OUTCOME IS A MUST FOR THERE TO BE ANY CHANCE OF TAKING BACK CONTROL.
JEFF NEEDS A MEDAL OR HONOUR OF SOME DESCRIPTION FOR HIS STERLING WORK IN HIGHLIGHTING WHAT IS GOING ON WITH ENERGY, GEOPOLITICALLY.
Big Announcement?
https://twitter.com/i/status/1139812825793290240
Umpherville
We could benefit from you polishing up that Crystal Ball Destinator and letting us know your views on what management are at with the webinar?
Not yet. Contacted broker. Waiting
insert-text-here
19839698 shares to be purchased
Excellent excellent excellent post.
Bravo for setting it out. It's now on Twitter for other potential investors to view
Appreciate the apologies and clarification.
Twitter has very few characters for a full explanation however I quoted some text but also included the link (link: https://www.uex-corporation.com/news/uex-announces-exploration-plan-for-the-west-bear-cobalt-nickel-prospect)
uex-corporation.com/news/uex-annou… where it informs the reader of exactly what the company has said. However there is no misquotations in what I wrote. I was quoting directly from the uex website and included the link where readers could access the full statement.
If you were on twitter you'd know tweets have to be kept compacted, and I hope there's no inference in your reply.
'I am ready for a new Cuban Missile Crisis if you want one': Putin threatens Trump with a return to the Cold War confrontation that brought the world to the brink of nuclear armageddon
https://www.google.com/url?sa=i&source=web&cd=&ved=2ahUKEwjVovqvzs_gAhXOgM4BHdXAAgwQzPwBegQIARAC&url=https%3A%2F%2Fwww.dailymail.co.uk%2Fnews%2Farticle-6729903%2FVladimir-Putin-says-ready-new-Cuban-Missile-crisis-Donald-Trump-wants-one.html&psig=AOvVaw3nm-VVXQMDvb5zx2DrDI6A&ust=1550934229784222
Lol. Excellent to see the return of the Crystal Ball. Made me smile , know you are still struggling to get back to full health but hopefully you gained some pleasure and cracked a smile or two gazing
Into the infamous Crystal Ball. Thanks.
Well D, it's been a while since you gazed into that Crystal Ball of yours and reported the results?
Anticipation is building.
Yes read it too.....was trying to load it but was having trouble. Anyways done now.
Cobalt Assay/ Further Drill News Soon?
Having considered URA holding a significant portion of uex , I'm with you in relation to we are better without them as they have too much control.
Perhaps we will get MF- HF money moving in after the last of the rebalance takes place.
However, if the first 5 hole results from West Bear are indicative of what's to come potentially from another 155 holes that alone may be a game changer for those of us who are in.
I'm sure that the Co grades have caught the attention of many.
The stars may eventually align when the market wakes up to UEX'S potential
Hi D ...I linked your response directly to the twitter link in your post.
FYI
Sorry to hear that Bud....
Hope nothing MAJOR wrong in your life. ..
Hope you return soon. ......
Your contribution is right up there. ....
Appreciate your input.......
.
Best wishes
Regards
Ali
Buying the Fear.....so while the broader market was getting crushed over the last couple of weeks Uex was feeling the downdraft bringing in its own 52 week lows I've been busy nibbling and securing more UEX shares into my trading account.....
It seems that many mistake uex share price weakness as a sentiment indication for the Uranium sector as a whole, when in fact it is just ETF downsizing by Global X due to broad market weakness and Capital preservation by large investment firms redeeming ETF's.
THE SPOT PRICE remains at or around $28/29 and in 2019 will bust $30 on its way to $40 and beyond.
Mines remain closed at current prices never to reopen until spot is well north of $50-60....even when they do it will be a year or two of a lag to get production back to normal. ..
The uncovered demand accelerates and the supply /demand economics remain compelling.....and the utilities are in for a shock when they discover that there is inadequate liquid supply.....watch out....when the 1st one comes to contract there will be a domino effect as the epiphany strikes. ...
2019; Cameco is going to attempt to buy 12-15 m lbs on spot market when competing with new funds set up ....etc etc...boom..
So when I see uex at their current lows I think buy buy buy because the underlying story is compelling even though the broader market is bleeding out.....
Opportunities like this don't come around often especially when Uranium is so close to a sustained breakout to the upside but FEAR grips investors with only a few who understand the opportunity prepared to buy.buy.buy....that's why I love contrarian investment, oh and it pays BIG Money. ......just my thoughts on a slow Saturday before Christmas.
Seasons Greetings to you all; dyodd and Enjoy the Ride for the market has given us the greatest gift of all this year to accumulate uex / coex at fire sale prices imo.....Happy Christmas
Buying the Fear.....so while the broader market was getting crushed over the last couple of weeks Uex was feeling the downdraft bringing in its own 52 week lows I've been busy nibbling and securing more UEX shares into my trading account.....
It seems that many mistake uex share price weakness as a sentiment indication for the Uranium sector as a whole, when in fact it is just ETF downsizing by Global X $URA due to broad market weakness and Capital preservation by large investment firms redeeming ETF's.
THE SPOT PRICE remains at or around $28/29 and in 2019 will bust $30 on its way to $40 and beyond.
The uncovered demand accelerates and the supply /demand economics remain compelling.
Cameco is going to attempt to buy 12-15 m lbs on spot market when competing with new funds set up ....etc etc
So when I see uex at their current lows I think buy buy buy because the underlying story is compelling even though the broader market is bleeding out.....
Opportunities like this don't come around often especially when Uranium is so close to a sustained breakout to the upside but FEAR grips investors with only a few who understand the opportunity prepared to buy.buy.buy....that's why I love contrarian investment, oh and it pays BIG Money. ......just my thoughts on a alow Saturday before Christmas.
Seasons Greetings to you all; dyodd and Enjoy the Ride for the market has given us the greatest gift of all this year to accumulate uex / coex at fire sale prices imo.....Happy Christmas
The below message appeared written by John Quakes who is revered by us fellow uranium enthusiasts
Dear fellow #uranium enthusiasts orbiting Galaxy #U3O8.? So you know.. #nuclear fuel consultants UxC are trying to shut me down.?? Seems too many subscribers finding Twitter more useful so canceling subscriptions.??? UxC losing $$$.?? If I disappear, you'll know why. ?? Cheers!Consequently I'd love to see John join this board if twitter wields the axe. And then we will post the links to twitter.
from MegaMAxTZ; know you like his take Destinator
42 minutes ago 35 Reads
Post# 29134780
RE:RE:Christie Lake Poundage
I believe this news is pretty good (not great) but to sell at this time of year is a mystery. Either tax loss or need the money, I understand Shenty but 183K for about $ 30K........ This alone will be worth $ 150K someday in the future. Must be patient.
Oh how we (all) wish that UEX could really move the U needle on it's own. Sadly it cannot. If this 43-101 had announced a BILLION POUNDS on Christie Lake today would the UEX share price be at say $ 1.00 right now as of December 19, 2018 ???? No it would not. The U market will move UEX - not the other way around.
Nuclear power plants next year around the world will use about 188,000,000 LBS of Uranium in 2019. Worth using LT average @ $ 40/LB about USD $7.4 Billion Dollars.
UEX has both Uranium and Cobalt. When the Uranium market moves as a herd - and it WILL move as a herd - THEN UEX will move up. Good company - very undervalued - not on the radar - real LBS in the ground. What will move the herd is the ??
1. Some Utility somewhere will sign a new LT contract at $50/LB - Herd will hear and react and likely follow. What the herd will find though is nobody wanting to sign at only 50/LB. Prices will then rise and so will UEX.
2. 232 of course a no brainer by April. If yes - great news. If no - great news because then herd will have to do something to secure LBS IN 2022 and beyond. Prices will rise and so will UEX.
3. Political card - maybe USA and Russia tensions get nastier in 2019- this is the Russia plan I believe. Kazak's also say no U for U MFKK...herd hears and will go nuts. Prices will rise a lot and so will UEX by a LOT.
4. Fact that UEX is not discussed by the RR et al crowd is a good thing right now. Rest assured they have eagle eyes and do have skin in the game, Who do you think buys 183,000 share chunks at $0.16 per............you bet.....
Nothing will happen now til about mid January - then the action will start around the 14 th - birthday week. Cobalt drilling will expand the WB deposit and possibly lead to a CoEX sell of well over $100 Million. 2019 will be better than 2018. Why not it is Christmas time.......
MM
Read more at http://www.stockhouse.com/companies/bullboard#SVbpPphPdXOBbQqq.99
Yes...and Sprott and Company are probably still nibbling away at the DEEP VALUE UEX represents; I'm continuing to accumulate at these prices and so should everyone else imo after personal DD.
This is a once in a lifetime opportunity to add a number of zeros to your net worth.
Lol. I like twitter most things are reported there quickly;
but you'll know by the sea of green and the share price moving North when there's big money entering.
Someone once put it as the effect of Big money coming in "like trying to force the contents of the Hoover Dam through a soda straw." Others make reference to "like trying to force the contents of the Hoover Dam through a garden hose" either way you will get the picture.
maybe the question is how fast do we expect this to take off?
So that's the how longs a piece of string questions?
As I already pointed out 2019-2020 is my best guess of when it will start to move.
Should really move in December imo as the underlying fundamentals are in place for the move.
However it's the institutional money that will make the needle move exponentially. WATCH FOR THAT
You will be aware of Funds that were set up by big players to buy up spot an indication of interest started.
232 will be a catalyst
43-101 another
Coex spin out fab opportunity
Long term contracts will be another catalyst
But it that institutional money I'm watching for.
Consequently the ride up will be stronger for longer this time and $200 - $270 spot on the horizon.
Last time spot went about 9 low to 140 ish about 15 times
Spot low this time about 18 so do the math
Jmo.
Enjoy the opportunity you are ahead of the taxi drivers
My thoughts are simple; supply and demand economics dictates Uranium shortage 2019 2020 ish moving forward. Long term contracts remain uncovered. If it goes down average down because it will explode to the upside eventually. Coiled Spring.
Opportunities for those with vision. Don't miss out for a cent or two here or there. Of course there's your free CoEX shares too right now and the likelihood that UEX put the news of 60% on twitter yesterday in advance of reporting on 43 101 next week imo. So plenty to like here right now
Yes. Released about 40 minutes ago. Depending where you are in the world for time
Here's a section of wisedom written by Malcolm;
RE:uranium market
Lots of volatilty is to be expected.These are mining juniors...they are all volatile. It is that fact that usually shakes many investors out of their positions before the real money is made.
Gonna say it again. Stop watching the charts, stop looking at your stocks every day, stop watching the gyrations of the DOW and TSX. Make sure your fundamentals are right...have bought the right proportion of the right companies..then sit back, relax anjoy your familiy and a good wine or scotch and wait. You ar far too impatient and that will drive you bananas or into the nuthouse.
Uranium moves very slowly until it doesn't. No body is contracting yet, There has not been a contract signed in 2 years. When they start to be written after the 232 outcome next April things will start to move but big dollars from which you will become wealthy are not likely to arrive until 2020.
So all I can say is keep your cool. It is when you lose your cool and start to second guess that is when you sell when you should have held. Easy to do when there are nutbars around like dreamin and QWERT raising red herrings.
Up to you of course. what you should be looking at right now is what is your exit strategy on the other side of this.Just as stupid as not being in at the right time is getting out at the wrong time. That's not so easy to do.
Malcolm
Speaking of sharing knowledge, I know knowledge is shared from this board on to Stockhouse UEX board, by 1 poster in particular, however there's never a reciprocation. It would make you think that the information highway is a one way street or that stockhouse uex board has become so irrelevant that's there's nothing of reciprocal value to share. I find that hard to compute as there used to be some value posters like MegaMAxTZ; Rover, Malcolm etc etc. If you are reading guys we'd love you to contribute here ... I can no longer see stockhouse as I haven't accepted cookies......