RE:RE:RE:WebcastI think your skepticism is fair. I feel the same way but listening to the webcast given the REE announcement i think its pretty exciting stuff and its for real. So EFR at this pint is really a growth company/stock. Not just for Uranium (which is coming off the bottom) but now the U.S. leader REE's. Moreover, they're WM Mill has a 300M to 400M replacement cost value and the company has no debt. World class infrastructure, no debt, leader in their field and now diversified.
They are focused on scale and growth. Hundreds of millions (as Mark said in the webcast) of potential within the next few short years on the REE. Notably Mark also hinted that while there are many options to finance the REE operation growth ($100M or so) he wouldn't look at equity as a first option unless there were a beneficial partnership.
With the world moving to GREEN energy, EFR very well could be a very high double digit stock within 5 years if U price moves well beyond $50/lb and REE production takes off.
It's hard to know when the price is too high for this stock... but i'm trying to stay long in one account and trade in another on the volatility. I'd have made more if i just held lol.
Stratocheif wrote: Im only interested in companies where i see profits coming. Uranium still at $29.50....no profit. Vanadium $7....no profit. REEs...no profit. All uranium stocks are up. Im up 50% on cco, uec, ure, wuc, nxe, and 25% on efr. Why? Beats the hll outa me. Its nice but hopefully its not another false start. Oh well maybe i should just keep my mouth shut lol and assume its the beginning of an upturn finally