Geddo, I think you have a handle on it, GE have bought into...

Geddo, I think you have a handle on it, GE have bought into Paladin for surety of future supply, and for much the same reasons Areva took a swipe at SMM. The 'one stop shop' for Nuclear power is integral to all this global expansion now on the boards, however, because we in Australia only concern ourselves with the sales of raw materials, market punters tend to miss these strategic issues and don't quite understand why GE have a presence in PDN. Perhaps even viewing it as a casual affair, when it is not. Indeed, far from it

The point is, even when the price of U308 rose to its dizzying heights it still only represented about 5% of the costs of running a reactor, indeed, raw materials are a nothing cost compared to the same ratios for coal burners. Nevertheless, cost ratios aside, a strong global trend to nuclear power generation is only viable if supply can be guaranteed, year in year out. Thus the recent deal consumated between India and the US. Which now means India has a green light with its extensive nuclear generation program. China of course is well on track with its own, where as I understand it, the Japanese Westinghouse reactors have favour

I'm of the view that people somehow think the nuclear industry is a "future" event, something we can invest in when it happens.

Yet the truth is, it's happening right now