the perfect storm

Is coming our way....


PEN has uranium and plenty of it and increasing...

I have posted previously of the value of Moly and it's specialist uses in the oil & gas field. This is one I have never spoken about but look who is into it in a big way already.

The demand for moly and uranium will be huge on the back of the world change to nuclear power. PEN has both with very high grades indicated at Karoo.




China Stockpiling Moly for Nuclear Plant Construction?
2010-04-27
Chinas stockpiling of molybdenum, now 30 percent of the worlds total inventory, may be attributable to their nuclear energy build up. Massive amounts of moly are needed for the highly specialized tubing needed for the reactors. These factors, as well as the rapid urbanization of China and India, and the modernization of the two powers, will be the driving influences for moly in the future.
Read more...

"The Chinese control 97 percent of the world manganese supplies, and are trying to secure dominance over almost all other metals. The answer to the question of why China is so aggressively pursuing such market dominance is vital to understanding market dynamics, and what are the best companies in which to invest."

But one factor that is rarely brought up is the increasing role of nuclear reactors in the global energy crisis. The reactors need extremely high quality steel tubing to deal with the unique aspects of this form of energy production. As a result of the growing trend towards nuclear power, the importance of moly has never been greater.

Nuclear power utilities, for example, rely on super-resistant moly alloys to replace the worlds aging reactor condenser tubes. Each new reactor will need at least 400,000 pounds of the stuff. Around 100 new reactors are scheduled for construction in China over the next few years. America, meanwhile, is hoping to build twice that many, reported Gleesen


Full article:
http://molyinvestingnews.com/2113-china-stockpiling-moly-for-nuclear-plant-construction.html



"Be greedy when others are fearful... and fearful when others are greedy" Warren Buffet