UEX Corp T.UEX

RE:John Quakes on Uranium, #Nuclear fuel consultants

[Neptune3]

Mangoe I can agree with that with everything going on. I was talking to an SMR company a while back interested in becoming a private investor before they plan to go public. He told me that if I invest 2.5 million then they would let me in. I am not there yet but he told me some interesting facts. Before mass production in a factory they will be looking to secure a reliable fuel supply and enter into contracts with uranium miners. Fuel supply is a must before mass production can start. They plan to load their SMR's with up to 20 years of fuel and maybe more depending on contracts. He stated what utility can guarentee electricity at a fixed price for 20 years or more? None.

That said when the SMR's finally do take off then a massive amount of uranium will have to be locked up for them. Especially loading them for that many years. Some of this is starting now I hear but mainly we are starting a wave up for the large reactors. The SMR's in my view will create the second wave up which could be the biggest wave up in another few years. N3