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Gold/Mining/Energy : What is Thorium
LTBR 14.53-1.8%Dec 23 3:59 PM EST

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From: thorium7/25/2007 11:03:25 AM
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"Seth Grae, the company's president and CEO, told Platts the
whole core of an excising 1000-MW reactor would run on thorium
in six years time. The first new, thorium based plant would enter
service by 2016, Grae said, at a cost of between $1.5 and 3
billion.

Grae said there was interest for Thorium technology also in
the UK. He would not name the partners there, but said it
involved both the government and the private sector, but not
utilities.

In addition, Grae predicted thorium would obtain "significant
market shares" in countries that currently does not have nuclear
reactors. "I'm an optimist," he said, adding that development of
thorium plants in Europe could happen quickly once the first
utility starts using it and see the benefits."

thoriumpower.com

It looks like he's hinting at some major developments in the works, or maybe it's just me over reading it? "significant
market shares"

The way it reads is as if they struck a deal, but can't announce it yet
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