ASX 0.18% $84.80 asx limited

+ + u308--uranium + +

  1. 22,691 Posts.

    The outlook for Oil in long term planning is at best doubtful or very expensive.

    And now with the opposition to the use of Nuclear Reactors very much subsided, many countries are resorting to building new power stations:

    "Who uses nuclear power?
    Over 16% of the world's electricity is generated from uranium in nuclear reactors. This amounts to about 2400 billion kWh each year, as much as from all sources of electricity worldwide in 1960.

    In a current perspective, it is twelve times Australia's or South Africa's total electricity production, five times India's, twice China's and 500 times Kenya's total.

    It comes from over 430 nuclear reactors with a total output capacity of more than 350 000 megawatts (MWe) operating in 31 countries. A further thirty reactors are under construction, and another 70 are on the drawing board":

    "The main uranium deposits can be found in Australia (28%), Canada (14%) and Kazakhstan 15%".

    The price of U3O8 is slowly rising after a strong advance some time ago and is now $US20.70/lb:

    I am not going to give any advice apart from mentioning some companies.

    These are from Australia: ERA, HAV, PDN, SMM (and Western Mining now being bid for). There could be others.

    PDN has risen a lot as well. They have uranium assets in Africa.

    SMM which has more proven uranium than HAV, however the Queensland Govt sofar has forbidden it to mine. SMM is drilling nevertheless and I read that the Chinese Govt is discussing uranium with Australia.

    I am having a look at the Canadian market. Have followed one for some time.

    May expand this next time by inclusion of websites, charts and some details.

    Thanks for your enquiry,


    Holding PDN.AX, SMM.AX and CVV.TSX (Canadian).
    Readers, please do your own research and you decide if and when to buy, hold or sell any stocks.

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