RE:Who Really Believes in Nuclear Power 1. Who will bail once again when $ 0.50 per is breached ?
Not me
2. Who will stay the course til $ 1.00 and then scatter ?
Might sell some at a buck
3. Who will stay for the full ride and try to hit some peak action beyond $ 3.24 per share ?
Will have probably sold most of it by $3.24.. at least have what I put into it off the table...
4. Who will stay long term beyond this next cycle, will keep some shares and believe that the U deposits within all the UEX properties will someday be part of a bigger company - merged Cameco/Denison maybe ??And the LBS wind up someday in a Nuclear Power plant creating carbon free power
Nice concept, but our staying in or out of UEX will not make a difference in the big picture. Uranium will come on line from wherever it is economic. That could the the Athabasca Basin, Thelon Basin, Wyoming, Kazakhstan, Namibia, Niger... who knows. If, during this cycle, UEX does additional drilling and proves up some resources that then become economic, we can pat oursleves on the back and say we helped UEX on the way to becoming a producer. It's an uphill battle, though. As I mentioned before, once in a JV with a major (Orano or Cameco) the drills grind to a halt.
I think the world leaders are starting to see what the cost of climate change is and they may actually be ready to act. But one of the big sticking points is the Developed World's resistance to conpensating the Developing World for the carbon we have already spewed into the atmosphere. We have to do this.
Let me use this anaolgy.
The Developed World got the first tickets to the strawberry patch. They loaded up their baskets in that first round. They came out of the starwaberry patch only to realize that they cleaned out most of the strawberry patch and the patch will have to have time to produce some more strawberries. The Developing World is not too happy that the Developed World has a huge basket of strawberries and is now being asked to sit back to watch the Developed World chow down on its plump red berries while they have to wait.
The Developed World benefited from throwing carbon into the atmosphere with impunity since the advent of the Industrial Revolution and now has a very advanced and wealthy economy as a result. The Developing World is now being asked to not follow in our footsteps. The Developing World deserves compensation if they are going to climb onto the carbon free band wagon. The ultimate compensation would be to have the Developed World throw, let's say, $50 for each ton of carbon that they spewed historically in the atmosphere. That would be a HUGE wad of cash. Let that fund be used to help the Developing World do it right from the outset.
Sounds like a bit of a Utopian Dream, n'est-ce pas?
In the meantime, let's get rich.