Destinator isn't most uranium found under a .2? Apparently this Maiden announcement is very conservative and doesn't include those. I'd say the pounds are still in the ground and we shouldn't be worried. With this new release that's 20 million pounds should now be factored into the market value of UEX, I don't believe they were before.
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.......
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