Raw Material Processing Must Be Speeded Up, page-55

Hi Jack5588,
I looked into Thorium as a risk for my Uranium producer thesis. According to Wikipedia, China is aiming for commercial Thorium reactors by 2030 and India are interested as they have some of it. Both have just resumed massive build programs for Gen3 Heavy water reactors that will likely run until the mid 2020's at least, (probably the most bullish single factor for U in the medium term). Nuclear power gen is a very conservative industry burnt by constantly tweaking so I'd expect Thorium to be taken up very slowly if at all in the 2030's. So my view is Thorium is not relevant to GGG prospects or the natural uranium market in an investable timeframe, but the 1m lbs pa of U from Kvanefjeld could easily sell for well over $US50/lb pa which is accretive to the current feasibility study inputs and project NPV