NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

Message: Is anyone here still buying? Be Honest.

Johnnie, your bosses need to get a better guy for the job.

Remember your post from June 24?? Tesla going to zero?

It's up 9% since your post.

You wrote:

"99% of US uranium is imported. 60%+ from Russian "sphere of influence" countries and yet no quota was imposed"

Yep, I agree with you there..that no quota was imposed ....... but that will likely change. The link I posted ...spelled it out. And unless Trump extends the deadline for a decision ..he has until tomorrow to decide what to do there.

A re-cap on Section 232 petition

Section 232 petition will try to create a level playing field in the domestic market. Section 232 petition requests that the US Government set a quota to limit imports of uranium into the US, thereby reserving 25% of the US nuclear market for US uranium production.

US uranium miners have to compete with state subsidized mines in Russia and its allies in Kazakhstan.

The remaining US uranium miners are operated at or near break-even levelsEnergy Fuels Inc. (NYSE American: UUUU | TSX: EFR) is the only conventional uranium producer in America and can produce up to 8 million pounds of uranium per year. They were the company behind the filing of Section 232 petition with the US Commerce Department.

Over 40% of the uranium purchased in the US comes from higher risk countries. While the rest is secured largely from Canada and Australia, these countries have been reducing production due to the low prices coming out of Russia and Kazakhstan.

Uranium spot prices remain well below the cost of production for most western uranium producers. The West just can’t compete against subsidized companies, but nor should it.


The storm in Africa is NO different. 

You mention Nothing will happen in the ROF for FIVE YEARS....and you are still taking offence to any post that is positive in nature? And you claim to be a long time shareholder.

Like I said ...your bosses need a better guy for the job. We see the level of hard work to keep the price of Noront  where it is. Smells like fortunes will be changing soon for the Noront holders. You're trying just too hard Johnnie




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