Also be interesting SB to know how many LT holders topped up last week, like I did and much influenced on the title of this thread... big US nuclear program gets green light.
o PEN will enjoy relatively cheap cost base
o PEN has managed their permitting processes very well and is still likely to be in production sometime next year
o US is unlikely to reduce their demand for U, if anything more likely to increase in the LT once the new plants become operational
o PEN has strong financial support from PALA which could provide acquisition opportunity if management decide to pursue.
Expect most countries will carefully examine safety and cost aspects of nuclear energy compared to available base loads alternatives as well as environmental factors. Confident pragmatism will prevail especially after considering the safety and environmental records of the coal, oil and nuclear power generation.
No doubt gas and shale oil (hopefully from another Aussie miner doing great things in Wyoming) will also play a bigger role going forward but at the expense of coal and conventional oil fired plants.
Very pleased Obama administration has clearly signalled their commitment, which will have a bearing on other countries' decisions.
And most importantly PEN will be a US nuclear energy supplier.
Be good if comments on this thread could stick to the title.
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- big us nuclear program gets green light!!!
Also be interesting SB to know how many LT holders topped up...
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