There are studies showing that Uranium resources can only last for a few years from now.
To us, this is not true and we disagree with it.
Why?
There are several reasons actually.
First of all, uranium reserves is directly proportional to its spot price.
When the market price for uranium is high, it means that the demand is increase.
When this happens, miners will start to mine more, thus will make known reserves to increase.
Its similar to the oil and gas industry.
I still remember when i was a little boy, i keep hearing people saying that fossil fuel is depleting and it will only last for a few years.
Now, its still the same. Yet people are still using fossil fuel as if it is going to last for the next 1000 years.
Numbers of new oil well is explored as demand increase.
Nuclear industry is not as famous as the oil and gas industry.
Mainly because people are scared of the word Nuclear.
Try to think if all the country in this world are generating electricity using nuclear, we believe that known uranium reserves will increase from time to time as more effort will be put on uranium exploration.
As for now, public awareness about nuclear must be put in our to-do list.
Go Green! Go Nuclear!
Why?
There are several reasons actually.
First of all, uranium reserves is directly proportional to its spot price.
When the market price for uranium is high, it means that the demand is increase.
When this happens, miners will start to mine more, thus will make known reserves to increase.
Its similar to the oil and gas industry.
I still remember when i was a little boy, i keep hearing people saying that fossil fuel is depleting and it will only last for a few years.
Now, its still the same. Yet people are still using fossil fuel as if it is going to last for the next 1000 years.
Numbers of new oil well is explored as demand increase.
Nuclear industry is not as famous as the oil and gas industry.
Mainly because people are scared of the word Nuclear.
Try to think if all the country in this world are generating electricity using nuclear, we believe that known uranium reserves will increase from time to time as more effort will be put on uranium exploration.
As for now, public awareness about nuclear must be put in our to-do list.
Go Green! Go Nuclear!
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