The Energy Report
Notable Quotes
"With the LOI signed, we urge investors to bolster positions in FCU." (12/22/15) Fission Uranium Corp. - David Sadowski, Raymond James More >
"FCU is taking the right steps regardless of whether PLS is ultimately acquired or developed into a mine." (12/22/15) Fission Uranium Corp. - Heiko Ihle, Rodman & Renshaw More >
"I am quite excited about POE in 2016." (12/16/15) Pan Orient Energy Corp. - Chen Lin, What Is Chen Buying? What Is Chen Selling? More >
"BKX's Oklahoma asset has significant value." (12/16/15) BNK Petroleum Inc. - Michael Charlton, iA Securities More >
"EFR is one of the few companies in a position to write long-term sales contracts and deliver into them at several times its current production rate." (12/17/15) Energy Fuels Inc. - The Gold Report Interview with Eric Coffin More >
Versant Partners Raises Target on EFR
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ROB CHANG, Versant Partners
(02/04/2011)
"Glowing with potential: Pinion Ridge Mill license received. The Colorado Department of Public Health and Environment ('CDPHE') has granted Energy Fuels a Radioactive Materials License ('license') for its 500-tpd Piñon Ridge Mill facility to be constructed 12 miles west of Naturita, Colorado. The mill will enable Energy Fuels to process its own material, as well as potentially augment its revenue stream by either toll milling uranium ore from other regional uranium producers or purchasing said material and processing it for sale. It further strengthens the company's position as a potential consolidator of the uranium-rich Uravan Mineral Belt. Based on a 0.99× multiple to our 2012 NAV of $2.02/share, we are ascribing a target price of $2/share to Energy Fuels. We further note that EFR is trading at an EV/in-situ pounds of U3O8 discount to its development-stage peer group ($7.87/lb. vs. $10.38/lb.). We are transferring coverage with a BUY recommendation, up from a BUY (Speculative) recommendation." |
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Under SEC rules, analysts are required to disclose their interest in securities that they cover. We strongly encourage you to contact them to understand any potential conflicts of interest they may have.
More Experts
"FCU's deal with CGN helps to financially and technically derisk PLS." (12/21/15) Fission Uranium Corp. - David Talbot, More >
"NXE is our top pick across all commodities." (12/22/15) NexGen Energy Ltd. - The Energy Report Interview with Rob Chang More >
"FCU will continue to explore and add pounds to what is already a world-class project." (12/22/15) Fission Uranium Corp. - The Energy Report Interview with Rob Chang More >
"EFR is well positioned to benefit from higher uranium prices." (12/22/15) Energy Fuels Inc. - The Energy Report Interview with Rob Chang More >
"FCU intends to sell $82M or 19.9% of the company to CGN Mining." (12/22/15) Fission Uranium Corp. - Jeb Handwerger, Gold Stock Trades More >