David Talbot - EFR price target $.75
Top Ten Stocks for a Uranium Price Rebound: David Talbot - Energy Report interview excerpt
TER: Energy Fuels is the largest U.S. conventional uranium producer, yet its market cap is only $130 million ($130M). What's going on there? DT: Energy Fuels has huge leverage to uranium prices and is one of our top picks in a rising uranium price environment. It has high price contracts, an effective and acquisitive management team and huge expansion potential. The company has really been focused on running only its lower-cost operations while delivering about 100% of its production into these higher-priced term contracts. This stock is still relatively unknown, but these guys have the potential to go from around 1 Mlb this year to 3–5 Mlb going forward. It recently announced an acquisition of Strathmore Minerals Corp. (STM:TSX; STHJF:OTCQX) in an all-share deal worth about $30M. Shareholders could benefit with a stronger company, lower-cost project pipeline and relationships with a couple of Asian utilities with deep pockets, KEPCO and Sumitomo. Strathmore's flagship Roca Honda project in New Mexico has some synergies that can really work with Energy Fuels. The acquisition eliminates Strathmore's need to build a mill, potentially making the Roca Honda project much more economic. We definitely see Energy Fuels as an up-and-comer in a rising uranium price environment. TER: So where is it trading now and what's your target price? DT: The stock right now is trading at $0.18 and our target price is a cool $0.75.
Full interview: https://www.theenergyreport.com/pub/na/15491?utm_source=delivra&utm_medium=email&utm_campaign=TER+FINAL+streetwise-reports+08%2F01%2F2013+14%3A42%3A10