uranium now valued @ only1.5c per/pound..., page-5

Hi From the Commodities forum on Hot Copper What do others make of this I see it as a big plus for BLR DYOR Cheers Towie baglimit, a bit selective with your copy and paste there......you left out the bit about costs of up to $260 per kg.....

Also here is a link, worth a read, imo.

http://www.neimagazine.com/story.asp?sectioncode=147&storyCode=2063119

"The recent publication of the latest biennial Red Book by the OECD Nuclear Energy Agency (NEA) and the International Atomic Energy Agency (IAEA) confirms that there is no potential shortage of uranium to hamper future nuclear growth. Total identified uranium resources have increased by over 12% since the last edition, although lower-cost resources have decreased significantly because of increased mining costs. Nevertheless, with total identified resources standing at more than seven million tonnes recoverable at costs of up to $260 per kg, identified resources are sufficient to supply the world’s nuclear fleet for more than 100 years. So-called undiscovered resources—those which are expected to exist based on existing geological knowledge but which require significant exploration to confirm and define them—currently stand at an additional 10 million tonnes."