If the name of the game is to produce (and sell) uranium, Ur-Energy's presentation (October 2011) summarises why the United States is the ideal nation in which to do so.
The US produces ~ 4M lbs of uranium/yr
The US consumes 55M lbs of uranium/yr contributing 20% of US electricity
In 2010, the 10-year forward cumulative unfilled uranium requirement of US utilities was 274M lbs
Ur-Energy is well positioned to capitalize on this opportunity.
HEU Agreement to expire 2013
63 reactors remain under construction
Russia, China and India represent 50% of new builds and have reaffirmed support for nuclear power
Saudi Arabia & the United Kingdom have announced plans to build 24 new reactors combined
The United States and France are investing billions in nuclear power
October 2011 Nuclear Energy Institute survey shows two-thirds of Americans support nuclear energy
How will supply be able to expand to the extent necessary to meet growing demand levels in the post Fukushima environment of uncertainty and low prices?
More damage done to uranium supply than uranium demand
HEU Program expires in 2013 with no extension being considered
Under these particular scenarios, if a uranium producer (particularly one based in the US) cannot sell all that it produces, they should give the game away.
With or without Jim Cornell.
PEN Price at posting:
4.4¢ Sentiment: LT Buy Disclosure: Held
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