On Sat, Nov 16, 2013 at 2:04 PM, Chris de Morsella <cdemorse...@yahoo.com>wrote:
> Perhaps you should read: The End of Cheap Uranium, by Dr Michael Dittmar,
> of the Institute of Particle Physics (at CERN),
Dittmar wrote that in 2011, since then despite inflation the price of
Uranium has gone down not up. Historically the reason almost all
predictions that natural resource X will soon run out have turned out to
be wrong is that as X becomes rarer it becomes more expensive and that
increases the incentive to look for previously unknown reserves of X.
Uranium is 40 times more common than silver (and Thorium is much more
common than Uranium). Right now the biggest problem facing the Uranium
industry is a glut not a shortage. Today Uranium costs about $36.50 a
pound, the lowest price since late 2005. And even with today's inefficient
non-breeding reactors one pound of unenriched natural Uranium produces as
much energy as 16,000 pounds (8 tons) of coal. That's a lot of energy for
just $36.50 and that is why high or low the cost of Uranium is a trivial
part of the cost of operating a nuclear power plant.
And at any rate I'm much more interested in Thorium than Uranium.
John K Clark
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