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Gold/Mining/Energy : Uranium Stocks

URNM 58.08

-0.9%

Dec 8 4:00 PM EST

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To: Tommaso who wrote (8723)	3/3/2007 3:08:32 PM
From: energyplay	Read Replies (1) of 30202

Are large caps preferable to small caps in Uranium ? Tar sands take lots of capital investment - giant trucks, then processing of tar, cleaning waste, transporting waste. A cubic yard of tar sand might weight about 2 metic tons, and has maybe 3 barrel oil extractable oil. That's using about 15% bitumen and about 300 pounds per barrel (about 7 pounds per gallon for a 42 gallon barrel) Tar sands range from 1 to 20%, so 15% is towards the high end. At $70 a barrel, that's $210 dollars. A cubic yard of sand stone will weight about 2 metric tons. With 0.5% uranium that will have 22 pounds of uranium. At $73 a pound, that's $1650 dollars. The cubic yards are worth 8 times as much. Now assume uranium goes to $100 and we 2% ore... That ore would be worth $4400 a ton. I think this can be mined with much less capital. So smaller caps may not have as large a disadvantage.

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