Sanmen Unit 1 in China reaches first criticalityThis is a significant milestone on the Uranium Journey. Sanmen 1 is the first of the Westinghouse AP1000 reactors to start a self sustaining chain reaction. There will be many more of these to come. And remember every one of these Chinese plants is required to have 7 years worth of fuel. And there is not enough Uranium in the current mines to keep all these plants running for 60 years. Does any one see a slight t problem with that? Here is a clue. No mines = no Uranium = no fuel = reactor stops working. All current mines finished in 15 years....what do they do for the other 45 years??
There is not a single new mine on the horizon and we are shareholders of the largest and highest grade Uranium discovery in the world. Oh Oh Oh wat a lovely Bull :)
Malcolm