new lows, page-6

I think it would be foolish to put too much hope in the next round of drilling assuming they get some finances. They already have a lot of holes in the ground. Like the other sectors I mentioned, it is the underlying commodity that determines an economic project to a marginalised one. Comparing their bankable ( long time since I read some report) and remember from memory under $30 cash cost of production. That I think is higher than PDN Langer Heirech and PDN are struggling with the current spot U. Being optimistic they are using the LT prices so it is even more uneconomic at the moment.

This has all to do with Fukushima. Pre-Fuku it was close to breaking fourties cents and would probably have been in the midst of building the mine right now if not for F. Low prices for gas production from US whether from coal seam or the rest of the extraction methods is definitely not helping. The green energy tag was just a bit of BS to give extra credit for the risk of environmental pollution aka F. Coupled with the lead times to actually build a nuclear reactor who knows when there is actually growth of demand. I can't see the Japanese suddenly changing their mind to flick the nuclear switch with constant contamination talk in the media I am not so confident this sector will bounce back anytime soon.