CanOz
Home runs feel good, but base hits pay bills!
- Joined
- 11 July 2006
- Posts
- 11,543
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- 519
CanOz said:Uranium, from what i read, is not the future but the past. The future is Thorium, but how far away is this?
Why are we not building reactors to handle this? Can they be converted?
Less waste, more effeicient, peaceful (no weapons grade material as a BP)
professor_frink said:To say that nuclear is clean because it doesn't produce greenhouse gasses is simplifying the matter to the extreme. Is coal a better energy source because it doesn't produce any radioactive waste? Do you see what I'm getting at here?
Reminds me of a cat in the hat story...chris1983 said:The greenhouse layer effect is a major problem. If they fix that via nuclear energy..they can then look at how to get rid of the waste. The greenhouse layer effect is more of a problem than the waste IMO. They can just put it deep under the ground in some desert.
I have to agree with you... to an extent... Once upon a time way long ago... back in the times of sherlock holmes, it was cheaper to have a house that was lit by gas than electricity... Eventually this technology was filtered down and heaps of devastating accidents and fires in london prompted everyone to switch to electricity... and then they never looked back.chops_a_must said:And tell me, if nuclear power plants are battling to be competitive, who the hell is going to commit billions of dollars to a project that wont come to fruition for 10-20 years? Especially if running costs are likely to be higher then, and if we go through a worldwide economic downturn. Who the hell would put down that sort of money for a marginal investment in a time of slow economic growth?
chris1983 said:Well of course uranium explorers in Australia are in danger which is why I dont hold any of them.
I'll tell you the ones to buy
BMN/ERN/WMT
bean said:gone 100% cash. will be getting good uranium bargins in a few weeks. Uranium stocks as well as other stocks will go in the same direction as the ASX
I did heaps of research on nuclear energy... It certainly is the future... it actually is the only future we have... The reason why uranium was originally selected for power generation was for the development of Nuclear weapons thanx to the USA... Thorium has a lot of positives such as being three times more abundant and the half-life being about half of uranium's. Also meltdowns don't occur... The negatives are... Requires constant electrical stimulation for nuclear fission to occur, it isn't as efficient so that also means more thorium must be processed to produce the same amount of power...CanOz said:Uranium, from what i read, is not the future but the past. The future is Thorium, but how far away is this?
Why are we not building reactors to handle this? Can they be converted?
Less waste, more effeicient, peaceful (no weapons grade material as a BP)
And I would like to counter.insider said:I have to agree with you... to an extent... Once upon a time way long ago... back in the times of sherlock holmes, it was cheaper to have a house that was lit by gas than electricity... Eventually this technology was filtered down and heaps of devastating accidents and fires in london prompted everyone to switch to electricity... and then they never looked back.
Nuclear is simply a technology that is being filtered down... it will be even cheaper eventually... Just my thought
BSD said:I am not questioning your money making strategy in trading this stuff.
My point is that this type of strategy will not work when the majority of stocks drop 80% and lay dormant for years. Behaving like non-uranium explorers do in the early stage - no volume or volitility.
Plenty of guys that traded tech-rubbish had to go and get a job when the party ended.
You will want to be nimble when the lights get turned out.
mmmmining said:Friday's (yesterday) commodity report is on uranium.
http://www.robtv.com/
Time slot is 11:30am. The last a few minutes about uranium outlook is good to listen.
chris1983 said:Nuclear is the future. Simple. Its clean.
Let's have a look at actual costs for construction of plants versus running them. For reference the market value of baseload electricity in Australia is in the order of $35 - $40 / MWh long term average.Little1 said:Reminds me of my uni days. If this guy is right about the price elasticity of the uranium, doubling the price will make no difference to demand.
Currently hold 1500 PDN shares.
thanks mmmm - that kline guy was a bit of a goose re Australian situation (eg nothing happening on 3 mine policy, therefore buy Canadian - i hope all the canadians heard and so impact of 29 april will be more significant...)mmmmining said:Friday's (yesterday) commodity report is on uranium.
http://www.robtv.com/
56gsa said:thanks mmmm - that kline guy was a bit of a goose re Australian situation (eg nothing happening on 3 mine policy, therefore buy Canadian - i hope all the canadians heard and so impact of 29 april will be more significant...)
but he was good on the demand/supply stuff - pity it got cutoff - in summary:
SUPPLY
current supply is 60% of demand - there are currently buyers looking for 53mlbs - last sale was for 2mlbs
all U majors last year failed to meet their production targets due to range of reasons - mining lower grade veins / probs like cigar lake / political / strikes
supply scenario is tenuous - 5 yrs from now new supply
DEMAND
5 new facilities this year, 6 next yr, 10 in 2010
this is like fixed consumption because nuclear requires 5-10-15bn capital investment so they won't walk away just cause U price goes up
U is 2.5% of operating cost – minimal (cf gas 40% of cost curve)
Facilities require 2.5 yrs of supply on site by law [so those 2010 reactors would be in the market now?]
Hedge buyers and others are more active
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