UEX management is very clear what they want to do in 2014. It is different if they will be
successful or not.. UEX has a new President Roger Lamaitre in 2014 and has 20 years of
experience in mining companies, URU Metals, Cameco Corporation.
UEX has 6 employees and thus will spend more money in drilling. It is very good.
We hope UEX will dig Uranium and hopefully gold as well in 2014.
UEX has cash of about 8.7 M as of Dec 31, 13 with no debt.
UEX is going to spend on three projects as below in 2014
1. Western Athabasca Projects
$2.0 million 2014 exploration budget, UEX will be responsible for $982,000.
Project is owned 49.1% by UEX (present price 0.34 with a range of 0.3 to .84) and 50.9%
by AREVA.PA Resources (a big company with Uranium projects world vise present price
about 19 with range of 10 to 19).
2. Laurie and Mirror River Projects $1.4 million budget for 2014
3. Erica Project $600,000 budget for 2014
UEX is well-financed to carry out its share of these 2014 exploration programs.
UEX is also involved with Cameco and Areva very successful companies world vise.
Good luck and let us all make some money in 2014.