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Markland AGF Precious Metals Corp T.MPM



TSX:MPM - Post by User

Comment by Grant12on Sep 23, 2005 2:52pm
69 Views
Post# 9598193

RE: Debating the Outlook on Uranium

RE: Debating the Outlook on UraniumI'm aware of that fact, as others are too. Also aware of the fact that the cost of reactor fuel is less than 1% (based on uranium) of yearly cost of running a reactor. Now unless thorium burns approx. 60x longer then uranium ($1800/lb. vs. $30/lb.) then, imo, the major reason thorium is being used is due to a lack of uranium. I don't know how much more efficient thorium is than uranium but I've never heard anyone say it's 60x. Therefore, to go full bore w/thorium with current mainstream technology, the cost of reactor fuel, as a % of yearly operating costs would go up big time. That's why Dines, Casey et al are very big on uranium, imo.
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