capex and opex_benefits of isr and lance, page-56

Hangseng,

Came across an interesting article from the minesite.com website. You will need to register to read the full article (on their home page) but here is the last paragraph,

"... That presents a likely dynamic which one or two mining company directors, including Andrew Bell of Red Rock, Clive Sinclair-Poulton of Beowulf, and Mark Reilly of Forte Energy have recently highlighted. The Chinese will increasingly be looking to lock up uranium supply to feed all these new power plants, while the Russian decommissioning can only go on for so long. Clive Sinclair-Poulton reckons that once the true scale of the Chinese requirements becomes clear after the Chinese have already acquired most of what they need then the upward pressure on the uranium price is likely to be substantial. Whether that will be felt next year remains to be seen, but theres no doubt that uranium bulls have plenty to be cheerful about even if the short term price is weakening. And the way to play that seems to be in equities...."

And here is an article on whats happening in China (recommend you Click on the chart "China's big appetite for electricity")

www.nytimes.com/2009/12/16/business/global/16chinanuke.html?hp


Regards, JJ