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Energy Fuels Ord Shs T.EFR

Alternate Symbol(s):  UUUU

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

Bullboard Posts
Comment by MegaMAxTZon Apr 01, 2019 1:51pm
101 Views
Post# 29564884

RE:RE:RE:RE:RE:Vanadium and Uranium prices continue to fall....

RE:RE:RE:RE:RE:Vanadium and Uranium prices continue to fall....Sure we know the outcome of 232. Positive. The recommendation will be to establish a % of US made Uranium supplying United States Nuclear Power plants and military nuclear powered vessels. Might not be 25 % but at least 10 % is a sure thing.

Will be no sooner than 2023 before US mines can produce 13 Million LBS a year of Uranium. But that is around $ 850 Million dollars per year with uranium contracts at the mid 60's/LB. Not that far fetched a possibility.  

The United States will mine about 1 million LB of Uranium this year. And use about 50 Million. Think what you want about Trump but he is not an idiot. Relying on foreign sourced product to supply domestic uranium needs for the nuclear fleet is unsafe and a no brainer to change. This should not be political but sadly might be made out to be. Even the green wackos are coming around and saying the world needs nuclear power.

Real question is if (when.......!!)  232 is positive what will the Made in USA U price be ?? Do not believe US sourced U at $ 50/LB is enough is it ? Likely would be about $ 65/LB in my opinion. If it is at around $ 65/LB Cameco would likely sign some LT at that price would they not ? 

Why would the Kazaks then continue to give away Uranium in the low $ 30's/LB if they can get double that ? Russia wants money too remember. This will raise most of the whole ship. Difference this time is that companies with cow pastures saying they have U LBS in the ground will not get anywhere. Meaning even fewer uranium companies to invest in which will be a positive catalyst for even higher share prices in many of these companes.

Energy Fuels will rise above $ 10 per for a period of time in very the near future due to the hype before profit taking. When your neighbours start talking about investing in Uranium when this 232 makes the 630 news, time to move on.

MM
Bullboard Posts