Unenriched uranium is useful if your country has a heavy water reactor. Enriched U 235 at 2% to 3% is useful if your country has a light water reactor. PU 239 is VERY USEFUL if you have a BREST reactor and-or BFMSR reactor for it is 50 times more energetic and can convert depleted U 238 which is useless into useful PU 239 if these two reactors were engineered also to become breeder reactors. PU 239 used in either of these two reactors can turn Thorium into U 233 which in turn can be used in a light water breeder reactor where the nuclear fuel U 233 can convert the Thorium into additional U 233 nuclear fuel. The passive self-cooling BREST reactor uses lead as a coolant and the natural convection process without any need of circulation pumps and-or BFMSR reactor uses beryllium fluoride as a fuel carrier and moderator and neutron reflector and neutron doubler and multiplier and can recycle their nuclear fuel indefinitely and consume their own nuclear wastes which solves the problems with nuclear wastes storage while breeding new additional PU 239 to start up additional new BREST reactors and-or BFMSR reactors. The light water reactors needs to have a fuel reprocessing facility(ies) in order to recycle their nuclear fuel into new nuclear fuel. All new reactors that NEGATIVE TEMPERATURE COEFFICIENT OF REACTIVITY. The reactor will become more reactive as it gets cooler and less reactive as it gets hotter. This notion of a chain reaction has perhaps been used a number of times to scare people about how nuclear fission reactions really take place in a reactor, as if they are an uncontrolled expansion of the number of fission events. That's not really what happens in a reactor.

Thanks for the comment Geoff and for taking the time to view our content!

Unenriched uranium is useful if your country has a heavy water reactor. Enriched U 235 at 2% to 3% is useful if your country has a light water reactor. PU 239 is VERY USEFUL if you have a BREST reactor and-or BFMSR reactor for it is 50 times more energetic and can convert depleted U 238 which is useless into useful PU 239 if these two reactors were engineered also to become breeder reactors. PU 239 used in either of these two reactors can turn Thorium into U 233 which in turn can be used in a light water breeder reactor where the nuclear fuel U 233 can convert the Thorium into additional U 233 nuclear fuel. The passive self-cooling BREST reactor uses lead as a coolant and the natural convection process without any need of circulation pumps and-or BFMSR reactor uses beryllium fluoride as a fuel carrier and moderator and neutron reflector and neutron doubler and multiplier and can recycle their nuclear fuel indefinitely and consume their own nuclear wastes which solves the problems with nuclear wastes storage while breeding new additional PU 239 to start up additional new BREST reactors and-or BFMSR reactors. The light water reactors needs to have a fuel reprocessing facility(ies) in order to recycle their nuclear fuel into new nuclear fuel. All new reactors that NEGATIVE TEMPERATURE COEFFICIENT OF REACTIVITY. The reactor will become more reactive as it gets cooler and less reactive as it gets hotter. This notion of a chain reaction has perhaps been used a number of times to scare people about how nuclear fission reactions really take place in a reactor, as if they are an uncontrolled expansion of the number of fission events. That's not really what happens in a reactor.

Thanks for the comment Mike and for taking the time to view our content!

Unenriched uranium is useful if your country has a heavy water reactor. Enriched U 235 at 2% to 3% is useful if your country has a light water reactor. PU 239 is VERY USEFUL if you have a BREST reactor and-or BFMSR reactor for it is 50 times more energetic and can convert depleted U 238 which is useless into useful PU 239 if these two reactors were engineered also to become breeder reactors. PU 239 used in either of these two reactors can turn Thorium into U 233 which in turn can be used in a light water breeder reactor where the nuclear fuel U 233 can convert the Thorium into additional U 233 nuclear fuel. The passive self-cooling BREST reactor uses lead as a coolant and the natural convection process without any need of circulation pumps and-or BFMSR reactor uses beryllium fluoride as a fuel carrier and moderator and neutron reflector and neutron doubler and multiplier and can recycle their nuclear fuel indefinitely and consume their own nuclear wastes which solves the problems with nuclear wastes storage while breeding new additional PU 239 to start up additional new BREST reactors and-or BFMSR reactors. The light water reactors needs to have a fuel reprocessing facility(ies) in order to recycle their nuclear fuel into new nuclear fuel. All new reactors that NEGATIVE TEMPERATURE COEFFICIENT OF REACTIVITY. The reactor will become more reactive as it gets cooler and less reactive as it gets hotter. This notion of a chain reaction has perhaps been used a number of times to scare people about how nuclear fission reactions really take place in a reactor, as if they are an uncontrolled expansion of the number of fission events. That's not really what happens in a reactor.

Thanks for the comment Andy and for taking the time to view our content!

Unenriched uranium is useful if your country has a heavy water reactor. Enriched U 235 at 2% to 3% is useful if your country has a light water reactor. PU 239 is VERY USEFUL if you have a BREST reactor and-or BFMSR reactor for it is 50 times more energetic and can convert depleted U 238 which is useless into useful PU 239 if these two reactors were engineered also to become breeder reactors. PU 239 used in either of these two reactors can turn Thorium into U 233 which in turn can be used in a light water breeder reactor where the nuclear fuel U 233 can convert the Thorium into additional U 233 nuclear fuel. The passive self-cooling BREST reactor uses lead as a coolant and the natural convection process without any need of circulation pumps and-or BFMSR reactor uses beryllium fluoride as a fuel carrier and moderator and neutron reflector and neutron doubler and multiplier and can recycle their nuclear fuel indefinitely and consume their own nuclear wastes which solves the problems with nuclear wastes storage while breeding new additional PU 239 to start up additional new BREST reactors and-or BFMSR reactors. The light water reactors needs to have a fuel reprocessing facility(ies) in order to recycle their nuclear fuel into new nuclear fuel. All new reactors that NEGATIVE TEMPERATURE COEFFICIENT OF REACTIVITY. The reactor will become more reactive as it gets cooler and less reactive as it gets hotter. This notion of a chain reaction has perhaps been used a number of times to scare people about how nuclear fission reactions really take place in a reactor, as if they are an uncontrolled expansion of the number of fission events. That's not really what happens in a reactor.

Thanks for the comment and for taking the time to view our content! Agreed, no better long-term trade then uranium and Mike lays out a comprehensive thesis as to why.

Unenriched uranium is useful if your country has a heavy water reactor. Enriched U 235 at 2% to 3% is useful if your country has a light water reactor. PU 239 is VERY USEFUL if you have a BREST reactor and-or BFMSR reactor for it is 50 times more energetic and can convert depleted U 238 which is useless into useful PU 239 if these two reactors were engineered also to become breeder reactors. PU 239 used in either of these two reactors can turn Thorium into U 233 which in turn can be used in a light water breeder reactor where the nuclear fuel U 233 can convert the Thorium into additional U 233 nuclear fuel. The passive self-cooling BREST reactor uses lead as a coolant and the natural convection process without any need of circulation pumps and-or BFMSR reactor uses beryllium fluoride as a fuel carrier and moderator and neutron reflector and neutron doubler and multiplier and can recycle their nuclear fuel indefinitely and consume their own nuclear wastes which solves the problems with nuclear wastes storage while breeding new additional PU 239 to start up additional new BREST reactors and-or BFMSR reactors. The light water reactors needs to have a fuel reprocessing facility(ies) in order to recycle their nuclear fuel into new nuclear fuel. All new reactors that NEGATIVE TEMPERATURE COEFFICIENT OF REACTIVITY. The reactor will become more reactive as it gets cooler and less reactive as it gets hotter. This notion of a chain reaction has perhaps been used a number of times to scare people about how nuclear fission reactions really take place in a reactor, as if they are an uncontrolled expansion of the number of fission events. That's not really what happens in a reactor.

Thanks for the comment JE and for taking the time to view our content! Agreed, massive opportunity!

Thanks Macca! As a reminder, this interview was from our last uranium conference which was held in February but the discussion serves as a good reminder why we should stay long the trade.

@@BloorStreetCapital is it normal procuresure to wait 3 months to upload from the conf ?

@@AncientSionX this interview has been available on the full-length conference video since the release on Feb 24. Sometimes we will re-release individual videos in the ensuing weeks and months depending on the content. Mike's comments provide a great overview of why someone should get involved in the uranium trade and this content will still be relevant a year from now.

Thanks for the comment and for taking the time to view our content! Hope all is will in Namibia.

Thanks for the comment Audi and the ongoing support! We are always looking for new speakers so we will definitely check out Adam and Leigh.

Thanks for the comment and for taking the time to view our content! Yes he is!

Hey Rick Fool the date is clearly marked in the pinned comment and also in the description as Feb 24.

Thanks for the comment Big Mike and for taking the time to view our content!

Thanks for the comment RS and for taking the time to view our content!

Thanks for the support Peter!

Thanks for the comment Steve and for taking the time to view our content!

If a motivated retail investor punting around in the market can figure this out, why wouldn't the fuel buyers? I don't quite understand why they wouldn't keep abreast of changes in the market. What am I missing?

@@segasys1339 Fuel buyers answer to a Board of Directors and like Mike says, they are not in the business of being hero's, rather, they are, more or less, of the "herd mentality" so if "Joe" over at XYZ Utility starts buying heavily, (first one out of the gate), then the others will typically follow, with Board approval of course. Institutions act that way, it's part of their DNA.

Thanks for the comment Ron! We were not aware of this RFP so thanks for sharing. Spot keeps ticking higher but we are getting less and less intel on what's happening in the term market.

Thanks for the comment Rick Fool and for taking the time to view our content.

Thanks for the comment Digger 99 and we totally understand. Unless you have an interest in investing and uranium this interview and channel would not be for you.