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Gold/Mining/Energy : Uranium Stocks

URNM 70.59

+1.5%

Jan 20 4:00 PM EST

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To: mcbeanburger who wrote (9073)	3/14/2007 2:18:04 PM
From: siempre33	Read Replies (2) of 30335

nuclear cheap....article excerpt.. Uranium is used in nuclear power plants in pellets. Typically a pellet of uranium weighs around 7 grams (0.24 ounces). This pellet is capable of generating as much energy as 3.5 barrels of oil, 17,000 cubic feet of natural gas, or 1,780 pounds of coal. Therefore if you compare uranium with oil in terms of energy produced, 3.5 barrels costs about $210 assuming $60 per barrel. For Uranium, it costs around $1.125 to buy 0.24 ounces of uranium at the current price of $75/lb. This is a vast difference in cost and shows how cheap uranium is at current prices.

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