Cameco’s Australian uranium project in doubt, with 4 year record low price
Spot Uranium Falls Below $40/Pound Benchmark for First Time in Four Years http://uraniuminvestingnews.com/14766/spot-uranium-falls-below-40pound-benchmark-for-first-time-in-four-years.html June 7, 2013,The West Australian reported that spot uranium prices fell to below $40/pound for the first time since August 2009, placing pressure on uranium explorers.
As quoted in the market report:
A hearty increase in the spot price is needed to force WA’s fledgling uranium sector into first gear, with Canadian giant Cameco indicating a price of more than $70/lb is needed before it can give the green light to its massive Yeelirrie or Kintyre deposits.
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Radioactive 2020 Olympics Torch Run – WTFutaba? Beverly Findlay-Kaneko
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New Nuclear power industry exists to provide the nuclear weapons industry
Yes, they’re joined at the hip, and this is now becoming public news. The World Nuclear News spells it out proudly -“ A robust US nuclear energy sector is a “key enabler of national security”, helping the US military to meet specific defence priorities “In Britain, this is revealed in the BEIS Committee Brexit Inquiry.
The fact that the nuclear power industry supplies essential resources and personnel to the nuclear weapons industry explains why governments are so keen to subsidise this completely uneconomic method of providing electricity.
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