UEX Corporation - How Does a Junior Uranium Miner Monetise 21 Assets?
Matthew Gordon, Ptolemy Capital
Roger Lemaitre positions UEX as a uranium company. But they want to see if the can create value with the Cobalt project and had talked about a spin out last year but got hit by the significant drop in the cobalt price. So how does a CEO mitigate risk and create value in difficult markets. So why didn't they get the spin out? Roger Lemaitre explains why. And what's it worth and what can he do with the cobalt asset. He gives us his view and tells us why. How much money have they spent developing the cobalt asset? And how does UEX plan to recoup that capital.
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