RE: EFR IS RIGHT TO BUY NOWWhy hasn't EFR been able to make a deal to toll treat at the White Mesa Mill?
From the MD&A: "The most significant event of the year was the decision by the Company to acquire a site and begin to license and construct a new 1,000 ton per day uranium mill (the Piñon Ridge Mill) in western Montrose County, Colorado. After being unable to negotiate a toll milling agreement for the processing of production from Energy Fuels mines, the Company accelerated its plans to build the first uranium mill to be constructed in the US in the last 25 years."
And then the statement from the article: "Opened in 1980 to support the last uranium boom, the White Mesa Mill was designed and built by the same team now working on the Piñon Ridge Mill. White Mesa is currently taking ore from Denison’s three mines in San Miguel County , as well as two other company mines in Utah . “There are a lot of other companies exploring in the area, and we hope they are successful,” notes Hochstein. “We need more uranium ore to process at the mill.”
Was it simply a failure to agree on terms btw EFR and Denison? If not, anyone know what the issues were?
I am trying to decide if EFR is worth investing right now. Not interested in waiting three years before they get production and cash flow if they have to wait for the Pinon mill to be built.