Strathmore Resources - SMR - A uranium play Message Board

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Gold/Mining/Energy : Strathmore Resources - SMR - A uranium play

SMR 32.46

-14.4%

Nov 6 3:59 PM EST

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To: Jim Ilchyshn who wrote (21)	11/23/1996 7:19:00 PM
From: John Fairchild	of 162

Jim, One thing to consider. Most reactors were built in the States over a three year period during the oil crisis early 70's. The Americans are not big into extending operating licenses. Retubing is big time costs. Independant power producers are coming on line at an accelerated rate. Deregulation means competition and unfortunately this is bad news for the nuclear dinosaurs that are on our system. The stranded costs associated with retiring this capacity as license run out are causing a huge problem within the industry. Gas units and co-gen projects are quick and cheap to bring on line. We are going to see lots of nuc capacity being retired as replacement capacity becomes available. Ontario Hydro is an exception and has spent big time dollars in retubing most of the Pickering plant (they have it down to a science working within the contaminated zone). They also continued to bring Nuclear capacity on line with the last project being Darlington. Way over budget and late. Comissioning completed on the last unit ~5 years ago. Anyways domestic demand (North America)for uranium is going to fall. Many bottlenecks in the existing gas pipelines are being upgraded. I see the gas industry showing the largest gains and it is going to happen fast. The problem right now is pipeline capacity especially in the winter. Gas for electricity production becomes curtailed to supply heating demand resulting in a shortfall of electricity capacity. Once the supply problem is solved then those nuc dinosaurs are history. Thats the way I see it. PS - They still have not got a solution to spent fuel long term storage (where to bury the uranium once its usefull life as reactor fuel has ended). John.

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