MIT Dr. says U.S. u308 shortage imminent The issue making its rounds today in the media is that in the long term, market supplies of uranium are in serious jeopardy of derailing the nuclear energy renaissance. These findings by MIT industry researcher Dr. Thomas Neff are currently all over the web today.
I have said in my postings many months ago that the industry will be faced with runaway prices and supply shortages. I strongly believe that in the U.S. board rooms of nuclear power companys this issue is causing some fretting. I very strongly believe that these firms will soon start shopping around seriously en masse for pounds in the ground. I am of the opinion that Elliot Lake is very much on their radar. Sure its low grade but it is also a politically and technically low risk mining operation that could provide decades of reliable u308 at a stable price. I see Pele's Elliot Lake advanced exploration property being a necessary asset of a integrated style subsidiary of a nuclear power firm that would be less concerned about mine profits and more concerned about fuel supply so they can sell electricity. Elliot Lake is well suited to be a company town once again, even a corporate jet can access the municipal airports 4500'x100' asphalt runway, which places it within under an hour of flight time to some of the largest electricity markets in the USA.
As of late there has been some high profile bashing coming from analyst and even uranium execs regarding the uranium story, notice how this negative rhetoric flared up during this correction, its because many uranium investors have something that someone else wants or wants more of, and these recent market jitters are perfect conditions to scare down values.
Regards,
garmin1