RE:RE:RE:RE:RE:RE: New Nuclear - China Building MoreI hope that you're betting everything you have on the U sector, because according to you there is zero risk in doing so. Just remember that another Fukushima would be a huge set-back for the industry. It's obvious that the market does not view it as a certainty.
Malcolm2001 wrote: Not at all misleading. Using the logic I have provided here many times, there is not a single nuclear power plant on this planet that does not require Uranium to operate - not one. There is not a single mine on this planet that can make any money with Uranium at todays prices. Either all of those power plants close (100% certain THAT is not going to happen) AND all 58 reactors under construction are abandoned (100% certain THAT is not going to happen) or the price of Uranium will go up to make mining it profitable (100% certain that IS going to happen).
Even if there is a large inventory (maybe...maybe not) it will be used up and with no mined supply all of those plants will eventually close.
As Rick Rule has stated many times this is not an IF it is a WHEN. Trying to figure out when this will occur....well that is the hard part.
Yes there are black swan events that could occur: extraction from seawater could suddenly become really easy and cheap: there could be another Fukushima event (although that did not shut down all of the worlds nuclear plants: we could find a meteorite of pure Uranium
What makes it a certainty is that with coal plants you can run them on other fossil fuels without too much of a problem (some engineering to do but not impossible). With nuclear power plants they must have Uranium or they stop working and you cannot engineer that away.
Logic always dictates what is going to happen. It always has and it always will.
Malcolm