After examining the cash position and asset values of UEC, I have come to one conclusion. UEC is trading as if the market is expecting them to go out of business (along with every other U junior). This represents one of the best buying opportunities an investor can find. However, one thing sticks out with UEC when compared with the competition. (Read recent press release)
No other exploration company has continued with their business plan and permitting process other than UEC. URG and URZ are both sitting on the sidelines waiting for a better day as shareholder value continues to rot away. UEC has finished filing all the permits needed for production at their Goliad project. If anyone can show me another junior that has successfully done the same, please let me know so I can further my knowledge. With a total of 46M lbs in the ground, I’m excited to see this trading at the current levels.