RE: Denison''''s value"In your last post you wrote, regarding the White Mesa Mill: 'Maybe the u.s. and Canadian governments should buy it!'
Please tell me you are kidding."
I was not kidding. Perhaps you make a mistake in using our past actions to guess our future? This is a nation whose recent history is marked by the abrupt about-face. (Remember Nixon in China?)
First, I would reiterate that there is a global precedent in that Areva, in which we can buy stock on the open market, was created and is nurtured by the government of France.
Second, the U.S. president is now pushing for new nuclear reactors, in case you missed that.
Third, our government owns a "strategic oil reserve" which it did not always choose to own. Isn't uranium just as critical a supply these day as oil? You can't make it out of corn, can you?
Why wouldn't the world's greatest power want to own a "strategic uranium fuel reserve"?
Fourth, The U.S. government is certainly exerting plenty of jaw muscle on the subject of uranium, and who should be able to process it, and who should not.
Fifth and last, no less of a thinker on the subject than Jim Dines has said at least twice in his newsletter recenlty that he expects the creation of a uranium cartel, which would be a form of one-up-man-ship to OPEC, the oil cartel.
Initial members might be the United States, Canada and Australia.
Let's see. If you form a cartel to control uranium as a fuel, would you want to own the ore, or the ablity to mill it, or both?
Or those two plus the ablility to process it into marketable fuel rods?
Or those three plus the ability to take back the spent fuel rods and reprocess them into more fuel in a way that controls the plutonium by-product?
Just trying to help you guys think outside the box.
~ Michael