Welcome To The Energy Fuels HUB On AGORACOM

Mining & production of uranium & vanadium in Utah, Arizona, Wyoming & Colorado

Free
AGORACOM NEWS FLASH

Dear Agoracom Family,

I want to thank all of you for your patience with us over the past 48 hours and apologize for what was admittedly a botched launch of our new site.

As you can see, we have reverted back to the previous version of the site while we address multiple forum functionality flaws that inexplicably made their way into the launch.

To this end:

1.We have identified 8 fundamental but easily fixable flaws that will be corrected in the coming week, so that you can continue to use the forums exactly as you've been accustomed to.

2.Additionally we will also be implementing a couple of design improvements to "tighten up" the look and feel of the forums.

Sincerely,

George et al

Message: Re: Presentation - AGORACOM Online Uranium Conference
Reply New Message
Back To Forum List View
Re: Presentation - AGORACOM Online Uranium Conference

Matthew13
Mar 21, 2013 12:35PM

Hi. Thank you for the question. Primarily I would say is the price of uranium is what holds us back. Spot prices are currently at $42.25/lb. which is not too far off if the lows we've hit since the Fukushima disaster.

With that being said, Energy Fuels is not selling hardly any uranium onto the spot market. We are selling about 90%-95% of our production into our 3 existing contracts - last quarter those prices averaged $58/lb. - significantly above spot market.

Mid to long term, things look very good for the price of uranium - and Energy Fuels. And, short term things look pretty good, but we need that catalyst. We think it will come soon once Japan definitively announces the restart of some more of their reactors. Energy Fuels is highly leveraged to the price of uranium, so when those prices begin to recover, we should do well.

1 Recommendations
Reply New Message
Back To Forum List View
Share
Share
New Message
Please login to post a reply