PAGE 48: Assume SMM starts mining then, in the first 3 years, they are to produce 6 mill lbs Uranium with a Surplus of $A480 mill. and Export Revenue of $845 mill.(U=$US35/lb in the first 3 years, $US40/lb thereafter). Current U price: $US30.75.
Year 3-6: produce 9 mill lbs with a Surplus of $1.33 Bill and Export revenue of $1.78 Bill.
Note: this includes some income from VANADIUM.
+++++++++++++++++++++++++++++++++++
PAGES 60,61:
"NATIONAL INTEREST":
THE COMMONWEALTH HAS THE POWER TO OVERRIDE THE STATES AND GRANT ALL NECESSARY APPROVAL FOR A URANIUM MINE, WHERE:
1. Instances of States not acting in the "National Interest" occur.
2. Export Income and Contribution to Balance of Payments is significant (>$1 Bill) and is being blocked by the State.
3. Fed Govt is under obligation by way of Treaty, FTA or OTHER COMMITMENT to a foreign State or International Authority to allow the activity or Industry to proceed.
______________________________
Comment:
The Fed Govt is handling this delicate issue in stages:
Raising consciousness of the Australian public.
"Takeover" of the U operations in NT.
While all the time observing the political fallout, it could apply the "National Interest" clauses at some time, IMHO.
SMM has prepared this PRESENTATION to be shown to interested parties in the UK.
I can't predict the outcome of political manoeuvring in Aussie.
Gerry Readers, please do your own research and you decide if and when to buy, hold or sell any stocks.
++++++++++++++++++++++++++++++++++
Subject re: + in the national interest + Posted 26/09/05 15:00 - 210 reads Posted by stolwyk Post #731599 - in reply to msg. #719487 - splitview
A few weeks ago, I informed SMM about another tactical solution designed to keep the pressure on Beattie (Qland)
First, the Indians now have a very satisfactory Thorium Reactor. THorium is $US22 /kg while Uranium is about $US61.50 per kg.
Thorium produces a lot more heat than Uranium does, because the U is only partially being used. Apart from Thorium being much cheaper, there is'nt the amount of radioactive waste compared with that produced by Uranium.
It stands to reason that sooner or later, Thorium will be more widely used and the U price could come down somewhat.
Is Beattie going to compensate SMM for this and for the U not being produced but superseded by Thorium?
There could be a massive amount of Uranium which will never be mined. _______________________________
The next one is the SOLAR HYDROGEN SYSTEM.
"Vast new energy source almost here Solar hydrogen fuel dream will soon be a reality Australian scientists predict that a revolutionary new way to harness the power of the sun to extract clean and almost unlimited energy supplies from water will be a reality within seven years.
Using special titanium oxide ceramics that harvest sunlight and split water to produce hydrogen fuel, the researchers say it will then be a simple engineering exercise to make an energy-harvesting device with no moving parts and emitting no greenhouse gases or pollutants"
COMMENT: Another Competitor.
So, it is in the interest of Australia and Queensland that Uranium mines be started up as soon as possible. Any contrary action can be likened to sabotage against their electors. ++++++++++++++++++++++++++++++++++++++
Here is the Indian Thorium Reactor Info: http://www.hindustantimes.com/news/181_1471875,00040006.htm
And this is the Solar Hydrogen System:
Public release date: 24-Aug-2004 [ Print Article | E-mail Article | Close Window ]
Contact: Mary O'Malley [email protected] 61-2-4388-81124 University of New South Wales
Vast new energy source almost here Solar hydrogen fuel dream will soon be a reality Australian scientists predict that a revolutionary new way to harness the power of the sun to extract clean and almost unlimited energy supplies from water will be a reality within seven years. Using special titanium oxide ceramics that harvest sunlight and split water to produce hydrogen fuel, the researchers say it will then be a simple engineering exercise to make an energy-harvesting device with no moving parts and emitting no greenhouse gases or pollutants.
It would be the cheapest, cleanest and most abundant energy source ever developed: the main by-products would be oxygen and water.
"This is potentially huge, with a market the size of all the existing markets for coal, oil and gas combined," says Professor Janusz Nowotny, who with Professor Chris Sorrell is leading a solar hydrogen research project at the University of New South Wales (UNSW) Centre for Materials and Energy Conversion. The team is thought to be the most advanced in developing the cheap, light-sensitive materials that will be the basis of the technology.
"Based on our research results, we know we are on the right track and with the right support we now estimate that we can deliver a new material within seven years," says Nowotny.
Sorrell says Australia is ideally placed to take advantage of the enormous potential of this new technology: "We have abundant sunlight, huge reserves of titanium and we're close to the burgeoning energy markets of the Asia-Pacific region. But this technology could be used anywhere in the world. It's been the dream of many people for a long time to develop it and it's exciting to know that it is now within such close reach."
The results of the team's work will be presented in Sydney on 27 August to delegates from Japan, Germany, the United States and Australia at a one-day International Conference on Materials for Hydrogen Energy at UNSW.
Among them will be the inventors of the solar hydrogen process, Professors Akira Fujishima and Kenichi Honda. Both are frontrunners for the Nobel Prize in chemistry and are the laureates of the 2004 Japan Prize.
Since the Japanese researchers' 1971 discoveries, science has made major advances in achieving one of the ultimate goals of science and technology – the design of materials required to split water using solar light.
The UNSW team opted to use titania ceramic photoelectrodes because they have the right semiconducting properties and the highest resistance to water corrosion.
Solar hydrogen, Professor Sorrell argues, is not incompatible with coal. It can be used to produce solar methanol, which produces less carbon dioxide than conventional methods. "As a mid-term energy carrier it has a lot to say for it," he says. --------------------------------
Comment: Very powerful arguments when used at Qland's elections! or supplied to the Commonwealth.
There are at least 2 clauses where the Commonwealth can override Queensland:
Where exports of a Company exceeding $A1 Bill, are blocked by a State.
Where the State is acting against the "National Interest".
My opinion is that both can be used against Queensland.
However, the Govt may take political considerations into account as well and would rather put Beattie in such a position that he will have to agree.
Gerry Readers, please do your own research and you decide if and when to buy, hold or sell any stocks.
Voluntary Disclosure: Position Sentiment
SMM Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
(20min delay)