Fun with figures - CORRECTED Horseshoe Raven
The current total value of UEX resources using today’s prices and 43-101 compliant resource numbers.
Cobalt __________$52,523,500.
Nickel __________$14,845,000.
Uranium _____$2,514,300,000.
Horseshoe Raven $893,822,500
PEA cost ______ $225,000,000 for Horseshoe Raven
Current Share price – You know what it is.
If Horseshoe Raven was to go into production it could fund all of UEX exploration costs going forward.
If the next Cobalt / nickel 43-101 doubles up and is sold for CASH, it could fund a lot of UEX future exploration cost. How many other exploration companies can say they have that option?
I realize that it is not that simple as portrayed above but UEX also has $5,000,000 in the bank while it drills and waits for SPOT to take off. I wonder how many Fund Managers have given that some thought.
Do your own DD. As I stated, this is intended to be a form of fun while we wait for what appears to be an inevitable rise in the price of Uranium.
