TOE 1.85% 27.5¢ toro energy limited

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  1. 9,312 Posts.
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    re: kemet Sally_Will

    I'll answer for kemet. It appears you may not be aware that uranium mining in Australia is presently restricted by legislation and policy. Labor policy is that there will be no increase in the number of mines above what already exists. With Labor controlling all states the opportunity for new mines is presently only there for those with stakes in Federal territory and only when the Federal government changes the existing 3 mines legislation. The only other avenue is in loopholes that some states have allowing mining of uranium discovered within existing operating mines.

    Therefore the uranium boom in Australia is, at present, purely speculative because only 3 mines, those existing, can presently produce and it is impossible to know when this will change.

    If you will, a lot of heat being released but not too much real energy!!
 
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