Nuclear power and changes

Today was a good day for me after years of good news[biggrin]. Tomorrow will be better with a Canadian report I am waiting for.

As always some one tried to rain on my fun They tossed Fukushima in [bigrolf][bigrolf][bigrolf]

My Amazed response about the sad fact that 1800+ people died at that time below.

NOT INVESTMENT ADVICE. My kids 160%++++ gains aside I am good at losing money at times :)



"Fukushima" was a shocker. Putting people or anything in a flood zone or a area that can be impacted by a tidal zone of an Earthquake tidal wave/tsunami was or is poor planning plus. The 2011 Earthquake tidal wave/tsunami killed more than 1800 people and hurt lots more. Fukushima killed no one and injured a few. Japan is now rapidly restarting all safe nuclear power shut down by one of the biggest over reactions right now.

Bonus for us of course is Japan's 'about face' has also removed the Japanese supply of u308 and nuclear fuel and turned it in to restocking and strong new demand for u308 and nuclear fuel. It was always going to happen once the horror of the sad deaths in Japan was correctly considered and the odd reaction to blame nuclear energy as the cause. Fukushima engineering failures are a lesson for Japan and the world.
The anti-nuclear over reaction is over. The Need for clean reliable energy is significant for Japan and else where. it is and will be a case study of Risk especially in a tidal zone of an Earthquake tidal wave/tsunami and seismically unstable areas.

Todays new share price high is a celebration of fact over fictions such as the many relating to Fukushima

World shook for me while listening to a company report last night [biggrin] It was an earthquake!

Then this morning's run was listening to "Energy Demand" It threw in so many facts why Nuclear Energy is the only possible option.

A few choice bits for those who do not like to listen cut and pasted below.

https://open.spotify.com/episode/4U4...bf8bf9a468479d

“It is a confusion of ideas to suppose that the economical use of fuel is equivalent to diminished consumption. The very contrary is the truth.”
William Stanley Jevons, The Coal Question, 1865
Jevons noticed how improved steam engine efficiency actually led to much greater coal demand. At the time, economists were worried that England was running out of coal. Many argued that improved efficiency would temper demand and forestall a crisis. Jevon dismissed this logic, correctly concluding that improved efficiency would accelerate demand by promoting increased adoption. Jevon’s Paradox was born: improved efficiency increases consumption. The mechanics were two-fold. First, better efficiency encourages more significant use. Secondly, as the same input unit generates more output, economic growth accelerates, increasing overall consumption. Although Jevons’ work dramatically advanced micro- and macroeconomics, the world has abandoned his invaluable lessons entirely. This does not make them any less relevant.
What if the IEA projections have erred and energy demand continues to surge in the coming years? After all, the IEA has a history of being ridiculously pessimistic in its demand forecasts. The agency has underestimated demand in 12 of the past 14 years by an impressive 820,000 b/d on average (excluding COVID-impacted 2020).As we will discover in this essay, the IEA’s flawed methodologies persist.

Link to the Narrators very interesting Blogs

G&R Blog.

Read it and smile. Slides from last night
My thoughts https://hotcopper.com.au/styles/defa...foro/clear.png

1. Slide 4 Long-term Supply/Demand Dynamics- Missed one key point. ALL mines decline over time. Kap has proved that itself!
2. Slide 5 2024 (estimate): ~7,000 tU total expected reduction vs. SSUs KAP has missed each year and downrampers who claimed KAP would flood the markets lost this one https://hotcopper.com.au/styles/defa...foro/clear.png
3. Slide 6 ISR mining sequence at a deposit- Just gold. CAPEX required year prior to any new production, Decline of existing and new mines shown perfectly with a mere 36-to-48-month life of each site!
4. slide 7 Sulphuric Acid – key ISR component- This is gold plus. Food shortages in any place are bad news. Food demand and governments trying to keep prices under control are factors out side KAPs control . It needs much more to just maintain its exisitng wells. Watch this space https://hotcopper.com.au/styles/defa...foro/clear.png
5. Slide 8 FY2023 Operational Highlights - Significant reduction in U308 inventory is clearly due to production shortfalls. Watch this space https://hotcopper.com.au/styles/defa...foro/clear.png
6. Slide 10 Uranium Sales Price Sensitivity- Trend is our friend. Facts are clear!
7. slide 13 "Large scale exploration program is expected to be launched aimed at resource replenishment and reserves increase" https://hotcopper.com.au/styles/defa...foro/clear.png I bolded the key word. Not we are not we have and not its funded and ready to go
8. Slide 14 Management turnover- Its been huge! Why is clear really https://hotcopper.com.au/styles/defa...foro/clear.png

https://www.kazatomprom.kz/storage/1...CallSlides.pdf

Some days I smile a bit and others I smile a lot more[biggrin]
AI is a game changer plus "John Mauldin, publisher ofMauldin Economics: ‘The energy usage from AI is going to be a massive game changer that is not inthe price or even in the narrative today. We will look back in ten years and ask, ‘How did we miss it?’"

[biggrin]https://www.youtube.com/watch?v=0VLQ...qJB&t=356s

Vast swaths of the United States are at risk of running short of power as electricity-hungry data centers and clean-technology factories proliferate around the country, leaving utilities and regulators grasping for credible plans to expand the nation’s creaking power grid.
In Georgia, demand for industrial power is surging to record highs, with the projection of new electricity use for the next decade now 17 times what it was only recently. Arizona Public Service, the largest utility in that state, is also struggling to keep up, projecting it will be out of transmission capacity before the end of the decade absent major upgrades.
Link
This is a megatrend of "nuclear" proportions [bigwhistle][bigwhistle][bigwhistle][biggrin]

"May 2010: NEXTDC was established by one of Australia’s most successful information technology and internet entrepreneurs, Mr Bevan Slattery, to build and operate carrier and vendor neutral data centres in Australia and New Zealand. NEXTDC’s operations consisted solely of the establishment of the Company and the acquisition and development of data centre facilities and the recruitment of a high-performing team."

Have a look from 2010 until now and then consider its ongoing growth and power demands. Our History (nextdc.com)

Australia is a MINOW. Next DC may be one of Australia's biggest power users On its website it notes

"As digital transformation accelerates, technology — particularly the data centre — has become the fastest area of growth for carbon emissions. Globally, data centres account for around 2% of the world’s carbon emissions. With Analysts estimating data centres will consume ~20% of the world’s electricity by 2025, the growth in carbon emissions is only going to get bigger, faster."

Biden on Nuclear. The prior potus was keen on it as well. Office of Nuclear Energy on X: "@POTUS is investing billions in nuclear energy to create jobs across the country and drive down emissions to help meet the nation's climate goals. https://t.co/Yvtqcy7bRd" / X (twitter.com)

Some dayz the future just seems too good to be true

And—building off the unprecedented $2.72 billion in federal funding that Congress recently appropriated at the President’s request—it will jumpstart new enrichment capacity in the United States and send a clear message to industry that we are committed to long-term growth in our nuclear sector.

Silex Technolgy of our Nuclear reactor in Sydney the anti types seem to forget saves thousands of lives every year[biggrin][biggrin][biggrin]

Statement From National Security Advisor Jake Sullivan on the Signing of the Prohibiting Russian Uranium Imports Act into Law | The White House

Yes, a substantial proportion of the population owes their lives to medical radioactive isotopes produced at Lucas Heights. Including myself. The difference is I know about it. Most patients accept the treatment without appreciating or caring where these isotopes come from or why they are used in their treatment.

Why do all those discussing Nuclear power get hung up on the massive large output power stations which require huge cost , build time and scary safety procedures?

Small reactors vis submarines are relatively cheap , can be placed anywhere , are sealed safe for life, require no dramatic safety program, require no vast cooling system, leave no visible footprint , require no refuelling therefore no waste problems throughout their life.

Why build a huge one when small self contained reactors (power plants) can be sensibly placed wherever they are effective....no sun, no huge land space required, no wind needed, no power transmission towers....because it will be local.

Whoever builds these ship reactors should make similar available for towns and communities and get rid of dinosaurs like Snowy 2.