PEN 0.00% 10.0¢ peninsula energy limited

I partically like this paragraph:"JR: Around the world, there...

  1. jzm
    732 Posts.
    I partically like this paragraph:

    "JR: Around the world, there are numerous uranium deposits that could be brought into production, but in the U.S., the process of permitting and environmental approvals can take years. Historically, when there is a shortage of uranium, the spot price tends to jump significantly. It was riding a strong rally right before the Fukushima incident occurred, and that was on the back of the realization that there was going to be a 24 Mlb shortfall when the HEU Agreement went away. So if the supply shortage mounts, the uranium price will likely move upward, and the process of permitting new projects will take years, leaving the shortage in place or the foreseeable future."
 
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