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Gold/Mining/Energy : Uranium Stocks
URNM 53.29-2.0%4:00 PM EST
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To: siempre33 who wrote (4135)11/19/2006 3:50:00 PM
From: Tommaso  Read Replies (1) of 30219
 
"Another factor counting in favour of the uranium story is that its price is only 3-5% of the total cost of producing electricity from nuclear sources, says Froneman. Thus, even a large increase in the uranium price has a relatively small effect on governments’ decision to go nuclear.
Another factor counting in favour of the uranium story is that its price is only 3-5% of the total cost of producing electricity from nuclear sources, says Froneman. Thus, even a large increase in the uranium price has a relatively small effect on governments’ decision to go nuclear. "

moneyweb.co.za

This is the lowest estimate I have read about the cost to fuel a reactor. Maybe that statement is based on $10 a pound uranium--though I hope not, because if uranium is six times as high now, that would be 18-30% of the cost of building a reactor.
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