URE A lot of you may know this but here's a little something:
The scale of energy is simply amazing. Here's a breakdown you might remember from before:
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1 kg of firewood equals about 1kWh of electricity.
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1 kg of coal or oil comes out to about 3 or 4 kWh of electricity.
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And 1 kg of natural uranium equals nearly 50,000 kWh of electricity
According to the World Nuclear Association (WNA), the 436 reactors operating across the world will need approximately 65,405 tonnes of uranium in 2009. In 2007 when prices peaked at $136 per pound, the world only mined 41,279 tonnes of uranium. In other words, mining makes up about 64% of the demand.
China is certainly taking advantage of nuclear power. The country believes nuclear power could make up 5% of its generating capacity within the next decade. That would require building another 60 reactors over the next eleven years. According to the WNA, China already has 12 new reactors under construction, with another 33 planned and 80 being proposed.
Uranuim looks good going forward and so does URE... They are going to get that mine running just at the right time and IMO they are going to be a buy-out target the closer they get to the permits being finalized ... Well Merry Christmas to everyone and may URE bring us good fortune in 2010.... GLTA