[mkwin]

From Here: http://nuclearinfo.net/

Reasonably assured reserves (or proven reserves) refers to known commercial quantities of Uranium recoverable with current technology and for a specified price. The terms additional and speculative reserves refer to extensions to well explored deposits or in new deposits that are thought to exist based on well defined geological data.

As of the beginning of 2003 World Uranium reserves were:

Reasonable Assured Reserves recoverable at less than $US130/kgU (or $US50/lb U3O8) = 3.10 - 3.28 million tonnes.
Additional reserves recoverable at less than $US130/kgU (or $US50/lb U3O8) = 10.690 million tonnes.

As of the beginning of 2005 World Uranium reserves were:

Reasonable Assured Reserves recoverable at less than $US130/kgU (or $US50/lb U3O8) = 4.7 million tonnes.
Additional recoverable Uranium is estimated to be 35 million tonnes

The substantial increase (almost 50%) from 2003 shows the results of the world-wide renewed exploration effort spurred by the increase in Uranium prices which commenced in 2004. This increase in activity has continued through to 2006. Thus, the provable uranium resources amount to approximately 85 years supply at the current level of consumption with current technology, with another 500 years of additional reserves. It is worth noting that the numbers above do not reflect the considerable increase in Uranium exploration that has taken place in 2005 and 2006.

[PraiseDoom]

$this->bbcode_second_pass_quote('mkwin', 'T')hus, the provable uranium resources amount to approximately 85 years supply at the current level of consumption with current technology, with another 500 years of additional reserves. It is worth noting that the numbers above do not reflect the considerable increase in Uranium exploration that has taken place in 2005 and 2006.

[mkwin]

$this->bbcode_second_pass_quote('PraiseDoom', '')$this->bbcode_second_pass_quote('mkwin', 'T')hus, the provable uranium resources amount to approximately 85 years supply at the current level of consumption with current technology, with another 500 years of additional reserves. It is worth noting that the numbers above do not reflect the considerable increase in Uranium exploration that has taken place in 2005 and 2006.

[PraiseDoom]

$this->bbcode_second_pass_quote('mkwin', '')$this->bbcode_second_pass_quote('PraiseDoom', '
')
Excellent post by the way. Its nice to have hopeful people posting rather than only us Doom and Gloomers....we are so pessimistic when left to ourselves.

[Tanada]

OMG Uranium prices have crashed! (down to $120.00/lbs) How can this be! Was the Uranium shortage nothing but Hype????

How will M_B_S be able to cope?

[Cyrus]

$this->bbcode_second_pass_quote('Tanada', 'O')MG Uranium prices have crashed! (down to $120.00/lbs) How can this be! Was the Uranium shortage nothing but Hype????

How will M_B_S be able to cope?

[Tanada]

$this->bbcode_second_pass_quote('Cyrus', '')$this->bbcode_second_pass_quote('Tanada', 'O')MG Uranium prices have crashed! (down to $120.00/lbs) How can this be! Was the Uranium shortage nothing but Hype????

How will M_B_S be able to cope?

[Starvid]

$this->bbcode_second_pass_quote('Cyrus', '')$this->bbcode_second_pass_quote('Tanada', 'O')MG Uranium prices have crashed! (down to $120.00/lbs) How can this be! Was the Uranium shortage nothing but Hype????

How will M_B_S be able to cope?

[yesplease]

$this->bbcode_second_pass_quote('Tanada', 'H')ow will M_B_S be able to cope?

[EnergyUnlimited]

I do not observe M B S to be particularly active in this thread recently.
I wander why he had abandoned us...

[rostov]

U308 $110 for a week now. Volume in July + august nearly 0 compared to June

[mkwin]

Spot price just hit $90

[Tanada]

$this->bbcode_second_pass_quote('mkwin', 'S')pot price just hit $90

[M_B_S]

Hi Guys

Demand destruction is under way

Germany plans to shut down 7 (17) old reactors

India is not able to fuel its reactors 50%....

http://www.indianexpress.com/story/214166.html

http://feeds.bignewsnetwork.com/?sid=278538

http://www.eia.doe.gov/cneaf/nuclear/cl ... ure16.html

Uranium is no solution to peak oil its another problem

[mkwin]

India is not able to fuel its reactors because there is a ban on exporting uranium to a country who have not signed the nuclear non-proliferation treaty. Australia will soon begin exporting uranium to India.

MBS, you are completely wrong on nuclear. While not as cost competitive as coal it is a long-term solution to some of our energy needs.

[Tanada]

$this->bbcode_second_pass_quote('M_B_S', 'H')i Guys

Demand destruction is under way

Germany plans to shut down 7 (17) old reactors

India is not able to fuel its reactors 50%....

http://www.indianexpress.com/story/214166.html

http://feeds.bignewsnetwork.com/?sid=278538

http://www.eia.doe.gov/cneaf/nuclear/cl ... ure16.html

Uranium is no solution to peak oil its another problem

[Bas]

$this->bbcode_second_pass_quote('Tanada', '')$this->bbcode_second_pass_quote('mkwin', 'S')pot price just hit $90

[miniTAX]

M_B_S, peak U, peak U !!!!!

Doh, my bad, was just peak U price

[Plantagenet]

Uranium is common in coal. It is dispersed around homes and coal-fired power plants in fly ash, i.e. the particles that go up the chimney or smokestack when coal is burned.

It has been estimated that there is often more energy in the Uranium from coal that goes up the chimney then in the coal that was actually burned. That uranium drifts with the wind and covers areas around homes and power plants that burn coal.

Uranium in coal fly ash also undergoes alpha and beta decay, and produces wonderful fission tracks.

http://greenwood.cr.usgs.gov/energy/fac ... 63-97.html

There are large numbers of coal-fired power plants in the US, England, mainland Europe, China, etc.. These are dispersing Uranium in fly ash right now through the air to areas around the powerplants, and downwind from the powerplant. Uranium was dispersed right into city air from homes that burned coal, especially through the 19th and early 20th century, before coal was displaced by oil.

There is much much much much much much much more uranium in the environment from coal then from DU, and the uranium is found right in cities in the US and western Europe. Chances are there is uranium from coal right in your garden in your backyard.

[Plantagenet]

$this->bbcode_second_pass_quote('ferrelgiraffe', ' ')uranium naturally eject alpha particle which cannot be measured by geiger counter because even air blocks it.