Paradiso33/Rennies ...... Yes, world power consumption will continue to grow, but maybe "stagnate" for a year or two during the current world financial meltdown felt mostly in Europe, Japan & other western countries.
If MLS proves up a decent-sized, economic U deposit over the next year or two, the timing should be right to exploit, or at least interest a 'major'.
The current economic meltdown will subside & U demand will grow, especially if 'the world' does embrace large CO2 emission reduction / carbon trading - though I wouldn't hold my breath for any widespread agreement & I reckon i'd be blue in the face waiting for the actual implementation of 'promised' CO2 reductions.
Some 'alternative energy' base-load power stations will happen - the concentration of reflected sunlight on to 'heat storage towers' looks practical to me & I hold out hope for 'sea-bed' located wave energy power production. You can discount wind for base-load - even averaging wind production over the whole of the British Isles, wind power production only amounts to 26% effective; & when the wind doesn't blow in the north, it doesn't blow in the S or W or E of Britain either! - so you still need 100% 'other power source' back-up. Wind can produce some power, but not necessarily when you need it!
Land-locked & higher latitude nations do not have these possible future base-load power options - for them it's gas or coal (if they've got them)- or nuclear, especially if they agree to reduce CO2 emissions.
China is about to build modern nuclear 'pebble bed' reactors (in addition to the coal-fired stations that they bring on stream every few days - have done so for a decade & not likely to slow the rate of constructions for the next 10 years, greenhouse gasses or no).
India & China & others will go ahead building nuclear stations & demand for U will increase - though as I understand it, the quantity of known U is rather limited & will all be consumed within 50 years.
So, yeah, U will have a future. & demand will fuel price. So, if MLS DOES prove up a viable U deposit, it will have a future ......
(In my 'back of an envelope) calculation, I was everywhere conservative, including using a U price of (US)$40/lb).
- Forums
- ASX - By Stock
- MLS
- re weeping & gnashing of teeth
re weeping & gnashing of teeth
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
NEWS
Is oil undervalued?
Add MLS (ASX) to my watchlist
(20min delay)
|
|||||
Last
1.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $13.08M |
Open | High | Low | Value | Volume |
1.9¢ | 1.9¢ | 1.8¢ | $11.59K | 614.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 1071971 | 1.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.9¢ | 49000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 1071971 | 0.018 |
6 | 1249703 | 0.017 |
6 | 1552937 | 0.016 |
3 | 1087466 | 0.015 |
2 | 300000 | 0.014 |
Price($) | Vol. | No. |
---|---|---|
0.019 | 49000 | 1 |
0.020 | 1077567 | 4 |
0.021 | 549741 | 5 |
0.022 | 474311 | 2 |
0.023 | 76053 | 3 |
Last trade - 14.02pm 08/08/2024 (20 minute delay) ? |
Featured News
NEWS
Is oil undervalued?
MLS (ASX) Chart |