PEN 2.63% 7.8¢ peninsula energy limited

the bigger picture, page-20

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    "China is buying uranium - but is now sitting on stockpiles sufficient to meet current annual consumption eight times over."

    China currently has 20 operating reactors and 8 years "current annual consumption" supply in stockpile.
    Using a base unit of 1, they have 20 x 8 x 1 = 160 base units of supply in stockpile.

    China is currently building 29 reactors.
    Stockpile is now 160 / (20+29) = 3.3 years supply.

    China has 59 rectors planned.
    Stockpile is now 160 /(20+29+59) = 1.5 years supply.

    China has 118 reactors proposed.
    Stockpile is now 160 /(20+29+59+118) = 0.7 years supply.

    Source: http://www.world-nuclear.org/info/Facts-and-Figures/World-Nuclear-Power-Reactors-and-Uranium-Requirements/#.UfW_pNIwdqy

    Pretty basic/poor maths that ignores the size of the reactors and timelines but China will need a lot more U than the current stockpile.

    You also neglect to write the "disclaimer" at the bottom of the article:
    "Jim Green is the national nuclear campaigner with Friends of the Earth and co-author of the 2013 report, 'Yellowcake Fever: Exposing the Uranium Industry's Economic Myths'."

    Who are Friends of the Earth you ask???
    Well, the just happen to be anti-U campaigners:
    http://www.foe.org.au/anti-nuclear

    Seems Mr Green likes to hug trees, and maybe hug prakasht too.

    The story is most likely full of bogus info and Jim Green full of _ _ _ _. Next!
 
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