NOPMF - Revisiting Energy Fuels: The Company Still Looks Overvalued Based On Fundamentals

• The company closed Q2 2021 with revenues of less than $0.5 million, yet continues to market itself as America’s Leading Producer of Critical Minerals.
• The REE business sounds like a good idea, but its scale is too small to make a difference.
• The disconnect between uranium prices and the share prices of uranium miners appears to be ending and this is bad for the valuation of Energy Fuels.
• I continue to think that the business of the company is close to worthless and I remain bearish despite the significant share price decrease since my last article on the company.

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