is peter garrett a threat to u mining, page-20

Have you thought if it was open slather what it would do to the price of uranium?
a. Price of Uranium is controlled by Supply and Demand. Currently demand outstrips supply hence price going north. I do not think Australias policy reversal if it happens will have much impact in the short term (5 years). It takes years from exploration to mining

Would it continue to go up and why?
a. It will until Supply outstrips demand by that time i will siting on the sidelines.

Would BHP be happy?
a. Who Cares they are big company and will take great pleasure in swallowing up exploration juniors if they find anything.

What kind of tests would any exploration company have to peform in order for them to become a producer?
a. Don't know

Would everyone be granted a licence?
The Wiggles would find it hard

Who would buy and what type of market would be created?
a. Utilities from China India, Europe would buy

What would PDN, ERA & BHP think - would they lobby?
a. The supply from Olympic Dam and Jabiluka are exhaustable and will run out one day.

Who would create the mills and at what cost?
Do not know do not care? should i care don't know

What would happen when the U price slumps
Share prices in 90% of U companies would plummet. We know it will happen one day but not in the next 5 years and that is all i am looking at at the moment

who would survive and why?
Me, cause i am in before the hype starts and will be out before the hype ends

Will the electorate become convinced?
Probably not, It is after all Uranium

Should we sell to India?
Maybe we could store the radioactive waste in the call centres.


Environmental costs?
reduction in greenhouses gases on one hand, barren landscapes, radioactivity on the other. Hard Call

Waste?
Some european countries have great waste disposal facilities. Australia is a big country a few of these underground facilities in the outback could be good revenue earners

The Greens.
The greens are the greens and will vote green but in the end have little impact.

My thoughts to Macrae's questions. At least he is not talking the shareprice down