New Uranium supplies might not be needed

[Sparty]

A very interesting article on the need for increased supplies for uranium was published in today's The Australian.

In it the authors systematically debunk the 5 most common objections to the increased use of nuclear power for base load emission free electricity.

One of the more interesting comments was directed at the need for for more uranium supplies and the effect fast nuclear reactors will have.

" Newer fast reactors are able to use almost all of the energy in uranium. There is enough energy in already mined uranium and stored plutonium from existing stockpiles to supply all the world's power needs for more than three centuries before we need to mine any more uranium.

Fast reactors can be used to burn all existing reserves of plutonium and the nuclear waste from the past and present generation of thermal reactors. With additional uranium mining, there is enough energy in proven deposits to supply the entire world for many thousands of years."

Read article @ http://www.theaustralian.com.au/news...-1225806766579

I wonder if this is why the Global Uranium Fund and the Uranium Options have been declining over the last few months.

This link takes you to MarketClubs free trend analysis for Uranium. I think it is a journey that will be worthwhile for those investing in uranium.