Buying the u wts is tough, but the strike is only $12 and we have two years. U keeps moving up with the price ow $57 a lb.
But I read there will be 80,000 lb consumption this year and only 50,000 lb supply for a 30,000 lb shortfall.
I also read they are scavaging nuclear warheads for enriched uranium.
Huge suply shortfall JUST beginning. That is why I bought.
EVERYTHING YOU NEED TO KNOW ABOUT URANIUM:
SUBJECT: charles99 Everything you ever wanted to know Posted By: Enerman
Post Time: 10/6/2006 12:00
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Major bashing of uranium stocks going on.
Uranium is made into yellowcake, which fuels reactors. However, uranium mining died out many years ago.
The return to nuclear reaction for electricity generation has suddenly become voracious because of global warming, and plants can be constructed faster that uranium mines can be constructed.
There is only HALF the uranium currently being mined that is required by the nuke plants THAT CURRENTLY EXIST, because they have been fed for years from stockpiles of yellowcake in the US and Russia. Those are the supplies that came partially from dismantled nuclear weapons.
Now those stockpiles are running low, and also the US and Russia wish to hoard what is left as an energy security issue..which makes perfect sense. Russia has already said they will not continue with the program when the current contracts expire, and so far the US has not said anything. The congress has already recommended to Bush that they cease the program as well.
While uranium is abundant in the world, it is difficult to find in single economic deposits and the time between discovery and extraction, due to the permitting process, can take 9 to 11 years, give or take.
New plants take between 4 and 10 years to construct depending on how you measure it, i.e. ten years if you call the beginning, the point at which a gov't announces they want one, in jurisdictions where there is resistance, and the date the plant get switched on.
Other jurisdictions simply tender and build, and I understand this can be done in about 4 years.
There is approaching 150 plants planned around the world, which is extraordinary, because, the current ones have no guaranteed source of fuel. Therefore, new producers such as Paladin and Urasia are able to secure soft-ceiling contracts for uranium they haven't even begun mining yet.
On top of this, there is a report that the US will announce 30 new nuclear plants, and Toshiba has stated clearly that they have a design for a small kind of plant that could fill an order by the USA which is expected to "be in the tens."
The UK and Canada have announced they are going to start building, and other European nations are bending to the nuclear lobby at an escalating rate...even Australia, long having banned any new uranium mines, has seen the light.
The green movement has had major representatives also become enlightened to the benefits of nuclear...this is a sea change for them.
Buying Uranium Participation is akin to buying your own garage full of the stuff.
A major document that started this whole thing can be found on the iaea web site titled "Uranium Supply to the year 2050" which basically threw electricity operators into a panic.
www-pub.iaea.org/MTCD/publications/PDF/Pub1104_scr.pdf
Read the above and you will be a guru. Invest in U, UUU, PDN, EMC, URE, SXR, IUC/DEN and you pretty much have the world covered IMHO. Others can also guide you, but this is my particular basket.
Cameco is not a pure-play and trades largely with overall market conditions, and even gold/precious metals fluctuations...however, CCO is definitely a takeover candidate.
There are 350/400 juniors to pick from hahahahahaha and you stand to make a lot, or lose a lot. UEX is considered to be the least risky/most successful of the uranium junior exploreco's IMO.
Scotiabank, Bank of Montreal, CIBC World Markets, National Bank, TD Bank are all pumping uranium as the commodity that will run despite what other commodities are doing...I believe that we will see the tendancy for it to trade with Oil & Gas stocks much reduced and then become entirely disconnected. The fundamentals of uranium will win in the end, and there will be an overwhelming rush into uraniums.
Good luck, we have just had our 4th correction since the uranium bull returned June 14 and all signs look great to ride this bull up once again.
Bashers keep raising the issue of wind, solar, breeder reactors, more efficient reactors, really quite monotonous and none can be backed up with any facts.
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