RE:RE:Energy Fuels article on Seeking Alpha websiteArticle speaks the hard nosed truth.
EFR has uranium which is holding onto like money in the bank and waitgin for pricr to go up and sounds liek the president has some sort of fantasy over as the great savipor of America. Only probelm, they have been waiting years and America does not need saving!! Not to sure of the half life of U308 but at the rate EFR is selling, thier stockpile will transmute to lead before they generate any revenue. As well, mamangements comments make it sound like thier business case is to suck the teet of the Fed's buy America U308 strategic stockpile. Pretty rudderless and gutless hard nosed capitaltist el Presidente of EFR business model.
As for vanadium, global demand is paltry, 50 000 tonnes. If redox batteries ever take off, maybe a bit more. Again, EFR is sitting on stock pile of minor metal with thin global demand. Sell the stuff or convert to boat anchors and sell at the one book bookstore on the shores of the mess-a mill. Move the product! Sell the EFR hoard before it to transmutes to lead,
so EFR is like Borat, king of the castle but, the castle is emporeres new clothes, nothing. And - They are not moving product! Not generating cash flow. Not generating revenue. Sell your stuff!
REE direction might be good but, EFR has not given any guidance on what 2500 tonnes of monzanite relates to cash flow, income and profit. And, if managemetn does not know how to make money by doing, then this bad boy is a sunshine sinking REE boat anchor which no magnet can pull from the depths of no cash flow, no revenue, no profit