ôMuch higher uranium prices will be required to attract enough investment capital to meet the growth in demand.ö This has already begun, as uranium prices have skyrocketed for the past six years. Long-term uranium recently traded as high as $46/pound, exponentially higher than the spot price of $6.40/pound in late 2000. Bambrough is correct in his conclusion. Building an underground uranium mine costs far more than it did in the glory days of uranium in the 1950s. Environmental regulations force miners to spend more and take longer in constructing any uranium-producing facility, including an ISL operation. ôMarginal mines will become price setters,ö wrote Bambrough. This helps explain why the Sprott Asset Management funds have invested heavily in companies such as Strathmore Minerals (TSX: STM; Other OTC: STHJF), Energy Metals (TSX: EMC) and others. When we first interviewed Strathmore Minerals Chief Executive, Dev Randhawa, in June 2004, he told us his strategy was to capitalize upon a sustained rally in the uranium price by acquiring properties which were uneconomic at the sub-$20/level. His strategy has rewarded shareholders and continued to do so with each uptick in the spot uranium price. If BambroughÆs conclusion is accurate, the junior uranium developers could very well become the Internet high-fliers. That conclusion was reached by newsletter writer James Dines, this past November, and repeated numerous times in multiple reports by others. ôLarge low-cost producers may be able to reap Middle East-like oil profits for decades,ö wrote Bambrough. If the spread between production costs and spot uranium keeps widening, the smaller uranium companies are going to hit it big. Those companies, which postponed uranium mining, will be selling their uranium production at the kind of profits-to-production spread ExxonMobil or ChevronTexaco now enjoy. Rising uranium prices are probably more of an irritation for fuel traders than the utilities, who worry about construction costs. The actual fuel cost to operate a nuclear power plant borders on the absurd. Bambrough wrote in his report, ôFuel costs (for nuclear) are merely 4.5 percent of total costs, even with uranium at $40 per lb. If uranium rises to $100 per lb (a further 150 percent increase), the cost of nuclear power would only rise by approximately 6.75 percent.ö Fuel costs for coal and gas are 35 and 73 percent, respectively. And they release massive doses of CO2 into the air. What else can be done aside from
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Marzia Lippi Hair Color, Body Shape, Family Members, Father, Mother, Brother, Sister, Marriage and Affairs
Marzia Lippi Hair Color, Body Shape, Family Members, Father, Mother, Brother, Sister, Marriage and Affairs
Marzia Lippi Hair Color, Body Shape, Family Members, Father, Mother, Brother, Sister, Marriage and Affairs
Marzia Lippi Hair Color, Body Shape, Family Members, Father, Mother, Brother, Sister, Marriage and Affairs
Marzia Lippi Hair Color, Body Shape, Family Members, Father, Mother, Brother, Sister, Marriage and Affairs
Marzia Lippi Hair Color, Body Shape, Family Members, Father, Mother, Brother, Sister, Marriage and Affairs
Marzia Lippi Hair Color, Body Shape, Family Members, Father, Mother, Brother, Sister, Marriage and Affairs.
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