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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (16939)	4/12/2007 8:15:37 PM
From: energyplay	Respond to of 217884

Re: Uranium - By the way, Brazil currently has the best gas centrifuge technology for uranium isotope separation. I'm sure the technology is on the lists for every nation to "acquire". Uranium economics are very odd - people look for Uranium, they find a bunch, the uranium market crashes, and then they stop looking for a number of years until the market comes back. Exploration pretty much stopped in 1961, after there was enough bomb material, then in 1979 after Three Mile Island, then stopped again in the middle 1990s as the price dropped to $7 a pound and weapons were converted to civilian reactor fuel. Geologically, there is lots and lots of uranium, lots of middle grade ore bodies, and probably lots of high grade ore bodies. Uranium is about a common as tin or zinc. Short term, like 1-5 years, there is limited uranium production from existing mines, and new mines will take years to explore, drill, plan, permit, and ramp up. Shortages of mining equipment, geologists and mining engineers can slow this beyond five years... Some time in the next few years the Uranium shortage and price will peak. There is real good money to be made in uranium mining for now. Unlike oil or gas, we will not see "peak uranium" for a few hundred years.