japan unveils plan to phase out nuclear power, page-3

It is also noted that France is to scale back nuclear power.The combination of Japan and France (with Germany et al) puts pressure on other countries to review their policies. I believe this does present a problem for Toro. These developments are likely to further depress uranium prices in the short term. Toro will need to review the economics of their proposals. It is likely to make potential development partners nervous in committing the approx $300m needed to allow Toro to move to production. A further problem is that if this results in Toro deferring (they may not have a choice) their development, they will need to ensure that this will not be impacted by a possible government change in WA in March next year where uranium mining that has not commenced may be prevented from progressing. I would be expecting an announcement from Toro early next week relating to these developments. :(