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CCJ - (Cameco Corp.)
is a mining company focused on uranium
for sale as fuel for generating electricity in nuclear power reactors;
other then renewable energy sources, such as wind or solar,
(which are net yet economically implemented on a large scale),
it requires a source of energy such as natural gas
to produce the electricity which civilization has become accustomed to
the Cameco website has historic price charts:
http://www.cameco.com/investor_relations/ux_history/index.php
which substantiates the rather dramatic Uranium price increase
according to the Nuclear Energy Institute Policy Brief:
http://www.nei.org/filefolder/uranium_fuel_supply_adequate_0107.pdf
"The spot price of uranium has increased
1,000 percent since 2000"
even so, the same Policy Brief further explains:
"In 2005, the production cost for
nuclear generated electricity was 1.72 cents per kilowatt-hour (kWh),
compared with 2.21 cents per kWh for coal,
7.51 cents for natural gas and
8.09 cents for oil."
my understanding is that less uranium is currently being mined
then is actually currently being consumed by electricity generators;
the Nuclear Energy Institute Policy Brief explains:
"World production of uranium has increased only 16 percent since 2000,
largely owing to the long lead time to develop new mines
and other fuel cycle facilities.
For example, a typical mine requires about 10 years of development
before it begins producing commercially"
"Uranium extracted from Russian nuclear warheads
is used for half of U.S. commercial reactor fuel today."
aaaahhh, the current supply is coming from
the collapse of the Soviet Union,
with the dismantling of their military arsenal;
how long can that continue to sustain?
the Nuclear Energy Institute Policy Brief also explains that
the skyrocketing price of Uranium will make it
economically feasable to develope new supplies;
(although that would seem to require
a continuation of the high Uranium price trend)
the Nuclear Energy Institute Policy Brief also notes:
"In the United States alone,
14 companies or consortia have announced plans
to file license applications for as many as
32 new nuclear power plants over the next few years."
"At 10 times the current price,
seawater might become a potential source
of vast amounts of uranium."
well, I'm placing my current investment in Comeco;
if Uranium reaches 10 times current price,
I'll re-evaluate my decision
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