To make you Feel Better
Energy Fuels Acquires Land for Proposed
Uranium Mill
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Energy Fuels acquires property with intention to construct a mill.
EFR acquires 1,000 acres of land in Colorado, proximal to Whirlwind and
Energy Queen mines to construct 1,000 tons per day mill by 2010.
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Toll milling agreement remains key to 2008 cash flow.
Excess capacity at Denison’s 2,000 tpd White Mesa Mill remains logical
near term toll milling and cash generating solution.
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Management team has proven mill building experience.
Management experience, mill location and potential excess mill feed
supports construction of new mill in southwest USA.
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NAV remains unchanged in event of mill construction.
$5.10 target price based on a blend of multiples assigned to metrics of
emerging U.S. uranium producers.
Source: Wellington West Capital Markets