Club Mulgoa

Friday, August 24, 2012

Uranium

It has been some time now since I read any article about Russian source of enriched uranium.  It has been supplying cheap uranium to the western world for nearly 20 years!  Imagine if these bombs were to be exploded somewhere in anger.

In 2013, there will be a shortfall in production.  New production mines take a long time to set up.  I prefer no nuclear energy but I am a pragmatist.  Try telling the French, Chinese or even the Japanese that they cannot use this technology.  I don't have the answer but I would still invest in uranium companies if they are profitable under strict conditons.

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