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DanWebzster

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DanWebzster

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Re: DanWebzster post# 142

Sunday, 05/06/2018 2:24:27 PM

Sunday, May 06, 2018 2:24:27 PM

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UEC has two mines that could be put into production within 7 months of Uranium prices reaching $40/lb.

The Palagana Mine in South Texas has an AISC $30/lb. It would take no more than 3 months to put this mine back in production.

Its other mine in Texas that could begin production within 7 months of the Uranium price acheiving $40/lb

UEC just purchased another fully licensed mine in the Powder River Basin of Wyoming with an all stock transaction.

As of 4/18, UEC has $15mn in cash and a burn of $900K per month.

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