Energy Fuels Inc. (EFR:TSX) is another interesting one we've touched upon in the past. It's a U.S. producer that recently had to place certain projects on standby due to the low uranium price. The key thing to note is that many of its operations are effectively turnkey and can go into production in as little as three weeks from whenever management makes that decision. So when the uranium price gets to the point where it's economic, production could increase fairly quickly. On top of that, Energy Fuels also owns a very significant strategic asset in the White Mesa mill, which is the only conventional uranium mill operating in the U.S. Additionally, smaller "mom-and-pop" uranium operations in the surrounding areas all need a mill to process their material, and Energy Fuels is the only game in town. That's a pretty powerful thing to have.
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