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To: Jacob Snyder who wrote (156438)	9/3/2011 6:29:27 PM
From: ChanceIs	1 Recommendation Respond to of 206181

RE: Uranium Miners Good interview this AM on King World News with Dr. Keith Barron. Interview is 5/8 about gold miners but a lot on a new uranium mining operation Barron just started. IPOed at about $0.81 but has dropped down into the $0.30s since Fukushima. That is all well and good, but Barron calls a spade a spade. With th global economy in tatters, nobody is going to be throwing bricks through shop windows (see Bastiat) in order to create jobs - ie when electricity is coming out of a plant whose costs are sunk, nobody is going to pay to build a new plant to get the same electrons. Germany is just blowing political smoke about shutting down its nukes. India, Russia and lots of other places are building them out. . kingworldnews.com

To: Jacob Snyder who wrote (156438)	9/18/2011 8:59:13 AM
From: Dennis Roth	Respond to of 206181

Betting Big on Nuclear Energy Demand for Uranium to Skyrocket Ken Silverstein \| Sep 12, 2011 energybiz.com The tsunami may have knocked out some of Japan’s nuclear reactors but the global base is starting to stand up. Even as uranium prices are sinking, some mining companies see the possibilities: Canadian Cameco Corp.’s $530 billion hostile bid for Hathor Exploration at a 40 percent premium illustrates the point. Basic fundamentals are at play. Developing nations are thirsty for new energy supplies while the global community continues to pressure all countries to reduce their carbon footprints. In the near term, newfound natural gas supplies will help. But over time, the thinking is that the world can learn from the Fukushima disaster and that the development of new nuclear plants is inevitable. In fact, the new head of the International Energy Agency, Maria van der Hoeven, is telling news outlets that only two sources of energy are carbon free: nuclear and renewables, which still have a long way to go. Nuclear power is therefore the de facto winner. [snip] more at link

To: Jacob Snyder who wrote (156438)	9/18/2011 9:00:25 AM
From: Dennis Roth	Read Replies (2) \| Respond to of 206181

Betting Big on Nuclear Energy Demand for Uranium to Skyrocket Ken Silverstein \| Sep 12, 2011 energybiz.com The tsunami may have knocked out some of Japan’s nuclear reactors but the global base is starting to stand up. Even as uranium prices are sinking, some mining companies see the possibilities: Canadian Cameco Corp.’s $530 billion hostile bid for Hathor Exploration at a 40 percent premium illustrates the point. Basic fundamentals are at play. Developing nations are thirsty for new energy supplies while the global community continues to pressure all countries to reduce their carbon footprints. In the near term, newfound natural gas supplies will help. But over time, the thinking is that the world can learn from the Fukushima disaster and that the development of new nuclear plants is inevitable. In fact, the new head of the International Energy Agency, Maria van der Hoeven, is telling news outlets that only two sources of energy are carbon free: nuclear and renewables, which still have a long way to go. Nuclear power is therefore the de facto winner. [snip] more at link

To: Jacob Snyder who wrote (156438)	9/21/2011 6:04:34 PM
From: Dennis Roth	1 Recommendation Respond to of 206181

Global Uranium - UxC Spot Price Up $5/lb Month-to-Date 12 pages, 6 exhibits Download Link: sendspace.com World Nuclear Association Symposium: The WNA’s 36th Annual Symposium took place in London on September 15th - 16th and speakers covered three broad issues: nuclear safety; status of nuclear energy plans in some countries; and risks related to the nuclear market. Nuclear Safety: Dr. Yun Zhou, Special Consultant at UxC and fellow at Harvard commented that while Fukushima had a major impact on China’s nuclear industry, with the government suspending approval of several projects, the government has also stated that nuclear energy must be a part of the country’s overall energy plans. We currently forecast China new build of 45 reactors by 2020 and a further 32 from 2021-2030. New Nuclear Build: Company representatives from KNHC (South Korea, ROSATOM (Russia), PGE Energia Jadrowa (Poland) and Larsen & Toubro (India) provided updates of their companies’ and countries’ nuclear plans, and the prevailing consensus was that the case for nuclear power is still strong despite Fukushima, and that while there will be delays, countries will move ahead with their current plans. We currently forecast ex-China new build of 49 reactors by 2020, and a further 43 from 2021-2030. Nuclear Market Risks: John Borshoff, CEO of Paladin Energy commented that there will likely be a supply deficit in the uranium market in the near and medium term, and that current uranium prices will not incentivize new supply. He also commented that he views the disparity of uranium prices to the metal index as unsustainable under current industry cost pressures. Companies Mentioned (Price as of 19 Sep 11) Cameco Corporation (CCO.TO, C$20.68, NEUTRAL, TP C$32.00) Denison Mines Corp. (DML.TO, C$1.42, NEUTRAL [V], TP C$2.26) Energy Resources of Australia (ERA.AX, A$3.31, UNDERPERFORM, TP A$2.00) Paladin Energy Ltd. (PDN.TO, C$1.53, OUTPERFORM [V], TP C$4.00)