PEN 1.15% 8.6¢ peninsula energy limited

nrdc, page-6

  1. 770 Posts.
    Hey Col.
    These guys are deadly serious and should be taken seriously!
    NRDC are NOT just a a bunch of Hill Billy Gits.
    They have done their homework, and will certainly pose some problems for PEN and other hopefuls.
    Yes ultimately PEN will produce but maybe grouse hunting should have been banned and an open season declared on do-gooders a bit earlier. Here is a bit from NRDC comprehensive (104 page) report:
    ....Projections of a U.S. and global "nuclear renaissance" sparked forecasts of a uranium supply shortfall and, for a period, rising uranium prices, spurred by the prospect of significant public subsidies for new nuclear power generation, and ultimately prompting a flood of uranium mining claims and applications for exploration permits in water-limited states such as Colorado and Wyoming. The majority of proposed uranium mines are "in-situ leach" (ISL) solution mines, which typically use large wellfields of hundreds of wells, diesel-powered pumps, and huge volumes of groundwater to dissolve the uranium from the ore bearing rock and bring it to the surface.

    The whole report makes interesting reading...

    http://www.nrdc.org/nuclear/files/uranium-mining-report.pdf

    Vintage... gave you a TU. didn't hurt at all. At least not as much as the pinched feeling in my sphincter watching the general market falling over...
 
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