Eastern Extension Continues To Hold Upside At Croinor Gold Project

This article begins with the false premise that the US might have some difficulty in meeting future uranium demand. The DOE has so much excess inventory now that it must hold material off the market in order to avoid driving prices lower than they already are, to say nothing of the inventory elsewhere, such as Japan, which they no longer need based on shutting down reactors (I am talking about just what they have saved since March, 2011, even if they re-start everything tomorrow). We have heard the miner's tale of a turnaround in U3O8 for years. In actuality, we have already seen the bull market in this metal and we are now in for a long cycle of bust. Your grandchildren will be talking about the next bull market, or they will be talking like, "Remember when people actually thought nuclear power could be safely used in power plants??"

This article begins with the false premise that the US might have some difficulty in meeting future uranium demand. The DOE has so much excess inventory now that it must hold material off the market in order to avoid driving prices lower than they already are, to say nothing of the inventory elsewhere, such as Japan, which they no longer need based on shutting down reactors (I am talking about just what they have saved since March, 2011, even if they re-start everything tomorrow). We have heard the miner's tale of a turnaround in U3O8 for years. In actuality, we have already seen the bull market in this metal and we are now in for a long cycle of bust. Your grandchildren will be talking about the next bull market, or they will be talking like, "Remember when people actually thought nuclear power could be safely used in power plants??"