(Following from Hildred, an SCC affiliate)
Is anyone following the market price of uranium because the site I am using shows the
spot US price has fallen from almost $140 in January, 2007, to $73.00 as of yesterday, February 4. It fell $3,00 from the previous week and $8.00 from the week before that.
The fact that the bottom fell out of the market and Marline went bankrupt stopped the mining in the 1980s. Hasn't Walter Coles stated in one of the newspaper articles -- I think back in October or November -- that he became interested when the price rose to $85.00?
Yes, and what will that mean if that start mining, accumulate tons of tailings and waste, the price drops further, they declare bankruptcy, and then steal off into the night with their millions? Who will clean up the place for the next 500,000 years?
Sunday, February 10, 2008
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