Post by
GejzaMiazga on Nov 17, 2014 4:55pm
Wait a minute - what are you celebrating?
Funny how this board that has been totally quiet since August now seems to be celebrating a rise from $0.01 to $0.02. Better don't get too excited over the recent rise in the U3O8 market price - if I remember correctly, even $45 is still way below what is needed for the proposed Jahodna-Kuriskova uranium mine to be economically feasible and not to generate a loss (check the old TetraTech pre-feasibility study created for EUU - then Tournigan - at a time when uranium market prices were reaching their all-time tops).
Besides, do not forget that:
1. Uranium mining has been banned in Slovakia by a law approved by the national parliament in June (the law is effective 15-Jun-2014) - that would need to be reverted before any uranium mining in Slovakia could start.
2. The vast majority of the people of Košice is strictly against uranium mining - the location of the Jahodná-Kurišková deposit is only some 6 km away from the city and among 2 out of 3 city's drinking water sources. Absolutely unsuitable for mining and totally impossible for cost-effective mining.
3. The attempt to use nuclear fuel from Areva in Slovak nuclear reactors is a result of the Russia-Ukraine crisis and sanctions and there is no direct connection to uranium mining in Slovakia. And, of course, it is still only an attempt that might or might not be successful:
( translated from https://www.venergetike.sk/aktuality/clanok/1940-slovensko-ma-noveho-dodavatela-jadroveho-paliva - imperfect but better than with Google Translate )
"We'll see whether the French will be able to produce nuclear fuel that would be suitable for Slovak Russian-VVER-type nuclear reactors in Jaslovske Bohunice and Mochovce. So far all the nuclear fuel for these reactors has been produced by the Russian TVEL company. In the past there already were attempts to replace Russian nuclear fuel with western-type one. Czech CEZ tried to use for their VVER reactors fuel from American Westinghouse. However, because of technological problems they had to return back to the Russian supplier.
Greetings from Košice, Slovakia.
Comment by
JustTalkingIsh on Nov 17, 2014 5:13pm
No one is really celebrating. Going from 0.005 to 0.02 is a nice double double. Just look at the orders on the level 2, should be flying up and we're celebrating finding such a golden stock.