In January 2009, Energy Fuels started placing the SMC mines on standby "as a result of declining uranium prices". (Energy Fuels Inc. 2013 Annual Information Form dated March 26, 2014) At the time, the spot price was about $48 and the term price was about $70. With current prices at $36 and $44, respectively, how can WUC turn a profit after all-in sustaining costs? With ablation? The technology is unproven on a commercial scale, and its federal and Colorado regulatory status is unresolved. You have to hand it to Mr. Glasier -- inking a deal with a major utility given the uncertainties surrounding ablation is a ballsy move.
BLR Price at posting:
0.2¢ Sentiment: None Disclosure: Not Held
