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Gold/Mining/Energy : Uranium Stocks

URNM 58.14

-0.8%

4:00 PM EST

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From: gordo1	6/30/2008 12:41:41 PM
	of 30201

........Consider this: A single kilogram of uranium can yield approximately 20,000 times as much energy as the same amount of coal. This makes nuclear energy remarkably more efficient compared to current electricity generation. A typical 1,000 megawatt electrical coal-fired power plant has a fuel requirement of about 3,200,000 tonnes of black coal a year. A nuclear power reactor of the same capacity, has an annual requirement of only 27 tonnes of fuel. Producing this amount of uranium fuel requires the mining of between 45,000 and 70,000 tonnes depending on the grade of ore. This yields about 200 tonnes of uranium oxide concentrate which is sold and enriched to yield the 27 tonnes of actual fuel. The US Department of Energy reports nuclear power costs 1.72 cents per kilowatt-hour (including operations and maintenance costs). Compare that to: Coal at 2.37 cents per kilowatt-hour; Natural gas at 6.75 cents per kilowatt-hour; and Oil at 9.63 cents per kilowatt-hour The bottom line is that nuclear energy is almost guaranteed to make a comeback. And with a troublesome supply/demand imbalance, we are at the beginning stages of a massive bidding war in uranium. And that makes for a great opportunity to invest in uranium mining stocks.

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