ERA energy resources of australia limited

Uranium demand from the Middle East and Asia

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    Although I don't hold this stock at the moment, I can't help feeling a sense of great optimism for uranium producing equities over the coming years/decades. I understand that many European governments have decided to phase out nuclear energy, however it looks to me that the wealthy Middle Eastern nations, along with India and China are going to require serious amounts of uranium for their planned and proposed commercial nuclear reactors.

    India: "India has a flourishing and largely indigenous nuclear power programme and expects to have 14.6 GWe nuclear capacity on line by 2024 and 63 GWe by 2032. It aims to supply 25% of electricity from nuclear power by 2050." (http://www.world-nuclear.org/information-library/country-profiles/countries-g-n/india.aspx)

    China: "Mainland China has 37 nuclear power reactors in operation, about 20 under construction, and more about to start construction. The reactors under construction include some of the world's most advanced, to give a 70% increase of nuclear capacity to 58 GWe by 2020-21. Plans are for up to 150 GWe by 2030, and much more by 2050." (http://world-nuclear.org/information-library/country-profiles/countries-a-f/china-nuclear-power.aspx)

    Saudi Arabia: "Saudi Arabia plans to construct 16 nuclear power reactors over the next 20-25 years at a cost of more than $80 billion." (http://www.world-nuclear.org/information-library/country-profiles/countries-o-s/saudi-arabia.aspx)
 
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