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Gold/Mining/Energy : Uranium Stocks

URNM 55.70

+4.8%

Dec 19 4:00 PM EST

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To: russet who wrote (5875)	1/2/2007 12:42:46 AM
From: teevee	Read Replies (1) of 30230

Impure U3O8 now nearly $5 per troy oz. 1 pound of uranium is about the energy equivalent of 1500 tons of coal. Many granites have a Uranium content of about 2 ppm (2 gms/t which is a mineable grade for many heap leach gold mines) or the energy equivalent of about 6 tonnes of coal. If global warming and C02 levels in the atmosphere becomes a serious enough environmental, political and economic issue, uranium pricing will move towards an energy equivalent basis. At $10/gm or about $300/troy ounce uranium, the world could stop mining coal and simply mine granite and recover the uranium for nuclear power plants. Using steam coal prices of $30/ton, it takes $45,000 worth of coal to produce the same energy as 1 pound of uranium. On an energy equivalent basis, uranium would be $3750.00/troy ounce. If the world needs to "go nuclear" to address global warming and C02 in the atmosphere, $300/troy ounce for uranium would still be a bargain on an energy equivalent basis compared to steam coal and there would be no shortage of uranium for nuclear power plants.

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