The reason RIO said No to ERA to mine the ranger deeps is because the long term outlook for Uranium price is not good and they would be losing a lot of money. How in the hell can the U price rise to 70 when the majority of people don't want Nuclear power? The government has to prove it's safe, prove its cheaper, and better for the people. The price of Uranium cannot go up much until the majority of the public want nuclear power and that is going to take a quite a while (years) with no hiccups for them to feel safe. If the price of Uranium rises the people will have to foot the bill but the government will be more likely to change to cheaper energy sources. The 2007 U price is many many years away from happening.
The reason RIO said No to ERA to mine the ranger deeps is...
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