4 ms·

Spend a few months studying existing demand (https://en.wikipedia.org/wiki/List_of_commercial_nuclear_reactors https://en.wikipedia.org/wiki/List_of_commercial_

Spend a few months studying existing demand (https://en.wikipedia.org/wiki/List_of_commercial_nuclear_reactors https://en.wikipedia.org/wiki/List_of_commercial_nuclear_rea...), existing supply (mines in operation, mines in care and maintenance, undeveloped mines), and the time it takes to develop a mine. Once you know the facts we can talk again. Look at how long NexGen's Rook 1 Arrow is taking to develop (https://s28.q4cdn.com/891672792/files/doc_downloads/2022/03/0000-BA00-RPT-0002_2-compressed.pdf https://s28.q4cdn.com/891672792/files/doc_downloads/2022/03/...). Spend an hour listening to what Cameco said in its most recent conference call. Look at Kazatomprom's persistent inability to deliver the promised pounds of uranium, their sulfuric acid shortages and construction delays. Uranium mining is slow and difficult. Existing demand and existing supply are fully visible. There's a gap of 20-40 million pounds per year, with nothing to fill the gap. New mines take a decade or more to develop. It is not in the slightest like lithium.

defrost 2y ago
> Spend a few months studying existing demand Would two decades in global exploration geophysics and being behind the original incarnation of https://www.spglobal.com/market-intelligence/en/industries/metals-mining https://www.spglobal.com/market-intelligence/en/industries/m... count? > Once you know the facts we can talk again. Gosh - that does come across badly.
- atomic128 2y ago
  Apologies. When someone compares uranium to lithium, I know I'm not talking to a uranium expert. All the best to you, and I'll try to be more polite in the future.
  - defrost 2y ago
    Weird .. and to think I spent several million line kms in radiometric surveys, worked multiple uranium mines, made bank on the 2007 price spike and that we published the definite industry uranium resources maps in 2006-2010. Clearly you're a better expert. > when someone compares uranium to lithium, I know I'm not talking to a uranium expert. It's about boom bust and shuttering cycles that apply in all resource exploration and production domains. Perhaps you're a little too literal for analogies? Maybe I'm thinking in longer time cycles than yourself and don't a few years of lag as anything other than a few years.
    - atomic128 2y ago
      Once again, allow me to offer my sincere apologies. You are well-prepared to familiarize yourself with the current supply/demand situation. It's time to "make bank", just like you did in 2007... only more so. The 2007 spike was during an oversupplied uranium market and mainly driven by financial actors. I invite you to begin by listening to any recent interview with Mike Alkin. Good night and enjoy your weekend.

defrost 2y ago

> Spend a few months studying existing demand Would two decades in global exploration geophysics and being behind the original incarnation of https://www.spglobal.com/market-intelligence/en/industries/metals-mining https://www.spglobal.com/market-intelligence/en/industries/m... count? > Once you know the facts we can talk again. Gosh - that does come across badly.

atomic128 2y ago
Apologies. When someone compares uranium to lithium, I know I'm not talking to a uranium expert. All the best to you, and I'll try to be more polite in the future.
- defrost 2y ago
  Weird .. and to think I spent several million line kms in radiometric surveys, worked multiple uranium mines, made bank on the 2007 price spike and that we published the definite industry uranium resources maps in 2006-2010. Clearly you're a better expert. > when someone compares uranium to lithium, I know I'm not talking to a uranium expert. It's about boom bust and shuttering cycles that apply in all resource exploration and production domains. Perhaps you're a little too literal for analogies? Maybe I'm thinking in longer time cycles than yourself and don't a few years of lag as anything other than a few years.
  - atomic128 2y ago
    Once again, allow me to offer my sincere apologies. You are well-prepared to familiarize yourself with the current supply/demand situation. It's time to "make bank", just like you did in 2007... only more so. The 2007 spike was during an oversupplied uranium market and mainly driven by financial actors. I invite you to begin by listening to any recent interview with Mike Alkin. Good night and enjoy your weekend.