Comment 51271

By Kiely (registered) | Posted November 08, 2010 at 15:32:26

For that reason, we face a "peak uranium" crisis much like oil, where we will have tons of it left, but not in concentrations that are worth digging up. - Undustrial

Keep in mind most mines rarely dig up one thing. Uranium is often found in copper mines.

I know two very rich copper mines, one in Zambia and one in China, that are sitting on their secondary Uranium reserves, apparently waiting for the market price to increase. The hole in the ground is often being dug anyway so it becomes hard to crunch numbers to find the actual cost of uranium extraction... processing is of course a different matter.

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