Energy Fuels Ord Shs T.EFR

Alternate Symbol(s): UUUU

Energy

Energy Fuels Inc. is a critical minerals company focused on uranium, rare earth elements (REEs), heavy mineral sands (HMS), vanadium and medical isotopes. The Company is a producer of natural uranium concentrate, which owns and operates several conventional and in situ recovery uranium projects in the western United States. The Company also owns the White Mesa Mill in Utah, which is the fully licensed and operating conventional uranium processing facility in the United States. The Company also owns the operating Kwale HMS project in Kenya. It is developing three additional HMS projects, including the Toliara Project in Madagascar, the Bahia Project in Brazil, and the Donald Project in Australia, in which the Company has the right to earn up to approximately 49% interest in a joint venture with Astron Corporation Limited. The Toliara Project is located in south-west Madagascar, 45 kilometers (kms) north of the regional town and port of Toliara.

TSX:EFR - Post by User

Energy Fuels Ord Shs

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Comment by SupplyChainGuruon Mar 16, 2011 11:22am

230 Views

Post# 18292947

RE: RE: RE: RE: RE: RE: RE: In

I have a question. I've honestly haven't been around the penny stocks long enough to see some drop from 3$ to zero and vice and versa, but seeing as we've seen multi billion giants go down in the past 5 yrs when everyone said they wouldn't, I should be keep an open mind about everything, let alone the circus that is the venture exchange.

So my question is, when a company, such as EFR, has very tangible assets (the mines, the licenses etc), under what scenarios can they just all evapourate?

If it were financial assets we were talking, I would have known the answer. Loans defaults and pooof your 'asset' is gone.

But, the uranium is sitting there chilling in the mine. The spot price will never be zero. And when you have the first issued license in 25 yrs, all you have to do really is get that mill going and sell.

Has anyone seen cases where a company with similar holdings and assets has completely disappeared off the map? what happened, what did it take?

Thanks!

SCG

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