RE:To READ Please for EFR - UUUU ! Energy Fuels (NYSE MKT: UUUU & TSX: EFR)
... « It’s 1 of only 3 publicly-traded companies in the world with both in situ (ISR) and conventional uranium production. They are a top U.S. uranium producer, the U.S. is the World’s largest consumer of uranium, and this company currently trades for just over $2 per share, with just over a $100 million market cap! In early 2011, this company traded for $71 per share, when the spot price of uranium was about $70 per pound.
In 2007, during the run-up in the spot price of uranium to over $130 per pound, the company traded for $235 per share! And, the company was tiny compared to today, with no production, contracts, sales, or industry-leading resource portfolio. Well-established Wall Street Firms -- including Cantor Fitzgerald, which was founded in the 1940s -- have given this company 12-month price targets well in excess of today’s price.... »
The uranium sector is cheap and hated, which is why we love it,
and believe it could rise dramatically!
... « It is unacceptable for a utility to have to shut down a reactor due to not buying enough uranium! Even if uranium prices were to double or triple, it would not have a major impact on a utility’s bottom line, because uranium constitutes such a small part of their operating expenses.... »
... « JP Morgan Research estimates the spot price of uranium will need to be over $83 per pound to spur new production. Raymond James estimates the number to be $75 per pound. Today, the spot price for uranium is at about $20 per pound, and recently touched a nearly 12-year low on an inflation adjusted basis....»
https://www.futuremoneytrends.com/u