Uranium Mining Companies: Look at the Video, people lives are more important than uranium!
Comment: Please read the article, the uranium corporations are not worried about the people of Japan, the death of loves one, homes being ruin, people being exposed to radiation but only worried about the uranium monies they may lose! Evil, greedy bunch! Pray for Japan! No to Nukes, No to uranium mining!
Thursday, 17 March 2011
LET’S hope Fukushima doesn’t have the Three Mile Island effect – or it spells dark days for our uranium exploration sector. The Outcrop by Robin Bromby
Perhaps some readers remember going through all those bullish announcements of acquisitions and fortuitous discoveries during the uranium frenzy a few years ago.
One frequent factor was reference to previous exploration done throughout Australia in the 1960s, 1970s and early 1980s which turned up a number of uranium deposits.
That’s because almost nothing had been done since the early 1980s through to the mid-2000s by way of exploration here, but there were a lot of old discoveries to be dusted off to get some money raised and the share price up.
Those wasted intervening years were because of the Three Mile Island incident in 1979 and then releases of uranium by the US and Soviet governments.
Fortunately, while we have the media running around like headless chickens over the Japanese nuclear incident (the thousands of deaths from the tsunami seem to have become a mere sideshow) and which may provoke a post-Three Mile Island scare, there are now no surplus uranium stockpiles to compound the problem. China alone, should it keep to its reactor construction timetable, will require world production to increase by 12% by 2020.
So it’s not so much the existing producers, or those emerging into production, that need to worry (or, at least, not immediately). Rather, it is the exploration sector which could be in dire trouble. Share prices have already collapsed and raising money is going to be extremely difficult. Unlike with the impecunious gold and base metals explorers in 1999, there’s no dot-com fad to which to flee.
Read more:
http://www.miningnews.net/storyview.asp?storyid=2383304§ionsource=/premiumarea.asp
