uranium may have hyper price run, page-17

Hello U2O8 comrades,

I do not think supply of uranium or demand for uranium is the major determinant for price of U2O8. My conjecture is that it is the capacity to reprocess spent/used u2o8 that determines tipping point where demand exceeds supply.

As the proportion of isotopes is changes (one breaks down) in reactor, the used/spent U2O8 is reprocessed using the gas and / or centrfuge process. The effect is to create an input U2O8 from output U2O8. By changing the ratio of isotopes back to an acceptable level for a nuclear reactor.

As I understand it, and I may be wrong, there is no shortage of capacity to reprocess U2O8. A new factory in America is coming on stream now.

see
http://en.wikipedia.org/wiki/United_States_Enrichment_Corporation

There are plenty of capacity to reprocess the output U2O8 from reactors. See below cut & paste from wikipedia.

http://en.wikipedia.org/wiki/Enriched_uranium

"Global enrichment facilities

The following countries are known to operate enrichment facilities: Argentina, Brazil, China, France, Germany, India, Iran, Japan, the Netherlands, Pakistan, Russia, the United Kingdom, and the United States.[8] Belgium, Iran, Italy, and Spain hold an investment interest in the French Eurodif enrichment plant, with Iran's holding entitling it to 10% of the enriched uranium output. Countries that had enrichment programs in the past include Libya and South Africa, although Libya's facility was never operational.[9] North Korea is also believed to be pursuing a centrifuge enrichment program.[10] Australia has developed a laser enrichment process known as SILEX, which it intends to pursue through financial investment in a U.S. commercial venture by General Electric.[11]"

My question to hotcopper members is, where is the evidence that there will not be endless supply of re processed U2O8 in competition from mined U2O8. When that point occurs it is time to get into U2O8 miners, ie yellowcake miners.


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