Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Seeker of Truth who wrote (59628)	1/29/2005 7:09:46 PM
From: energyplay	Read Replies (1) of 74559

Re: Uranium - Just off the top of my head (I'm doing some background reading / DD on the Uranium industry) CCJ has mines with high grades of Uranium. There's a lot of rock out there that is 0.5% U, and not much that is > 5% U. More than a few old mines have been shut down for contamination, (UraVan in Colorado, most of the Moab Utah mines) a few others are on caretaker status. (Grants, New Mexico) CCJs mines are large, low cost and enviromentally current. The new Cigar Lake mione will be low cost producer. I don't think Uranium has peaked,since we don't know how many new plants will be built in the world thsi cycle. One big positve is much of the weapons stockpile of U and Pu which was converted to power use has been used up - not 90% but a bit more than half. Still large stockpiles left, but while the nuclear powers are looking to decrease actual deployed waepons, most seem to want to keep buffer stocks of fissle material for rework and replacement, possible newer designs, etc. It's also very expensive to get Uranium to the highly enriched stage (lots of U235)needed for weapons, so why waste money ? There's a similar cost to get 'clean' Pu 239 that has low amount of Pu 240 - you have to operate the reactor with a short tranist time for the U238, thern do chemical separation.

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