Peninsula erweitert Uran Portfolio

http://media.wotnews.com.au/asxann/01177478.pdf
Peninsula Minerals Exploration Update
Wed, 4 May 2011 09:33:00 +1000       4 hours, 29 minutes ago

4 May 2011 Co m p a ni es An n o un c em e n t O ffi ce V i a E le ct ro ni c L o dg e m ent NUCLEAR REGULATORY COMMISSION HAS COMMENCED FORMAL SAFETY AND ENVIROMENTAL ACCEPTANCE REVIEW Peninsula Energy Limited (Peninsula) is pleased to announce that the Nuclear Regulatory Commission (NRC) has advised Peninsula’s wholly owned subsidiary Strata Energy Inc (Strata) that it has commenced the formal safety and environmental acceptance review of Strata’s Ross In-Situ Recovery (ISR) License Application. The NRC have indicated that they expect to complete the acceptance review within 60 days (barring any unforeseen issues), which is well within the statutory period of 90 days. Throughout the licensing process, Strata, the NRC and other regulatory bodies have regularly engaged to facilitate a more efficient review process.

This included a 2010 site visit and presubmission review by the NRC of Strata’s license application to identify any major acceptance or technical/environmental review issues in advance. The acceptance review is performed to confirm the completeness and technical adequacy of the application, and once successfully completed initiates the detailed technical review process, which, based on correspondence from the NRC, is expected to commence prior to 2 July, 2011. Strata will maintain continuous dialogue with the NRC and Wyoming Department of Environmental Quality (WDEQ) throughout the licensing process.

Peninsula’s Executive Chairman Mr. Gus Simpson said “The confirmation that the NRC expects to complete its acceptance review ahead of schedule is an example of the efficiencies being achieved through the pro-active involvement of Strata and the regulatory bodies during the new streamlined licensing process.” Yours sincerely John (Gus) Simpson Executive Chairman For further information, please contact our office on (08) 9380 9920 during normal business hours. Level 1, 477 Hay Street, Subiaco WA 6008, Phone: +61 (0)8 9380 9920 PO Box 8129, Subiaco East WA 6008 Fax: +61 (0)8 9381 5064 Peninsula Energy Limited - ABN: 67 062 409 303.
Quelle wotnews  

http://media.wotnews.com.au/asxann/01177901.pdf
Peninsula Minerals Company Reports - Other
Thu, 5 May 2011 09:44:00 +1000       3 hours, 31 minutes ago

5th May 2011 C omp a ni es An n ouncem e nt O f fi c e Via Electronic Lodgement NEW ROLL FRONT SYSTEM DISCOVERED AT LANCE AND HIGH GRADE DRILL RESULTS CONTINUE Highlights  New Roll front system discovered and confirmed in Area 16, average thickness 12.4ft grading 470ppm U3O8 (GT 0.58) Significant Intercepts include: RMR1020 from 524.25ft to 538.75ft intersected 14.5 ft @ 380ppm U3O8 (GT 0.55) RMR0997 from 584.75ft to 600.25ft intersected 15.5 ft @ 281ppm U3O8 (GT 0.46) RMR0999 from 635.25ft to 645.75ft intersected 10.5 ft @ 409ppm U3O8 (GT 0.41) (including peak intersection of 4.5ft @ 740ppm U3O8 ) RMR1023 from 618.25ft to 637.25ft intersected 19.0 ft @ 215ppm U3O8 (GT 0.41)   Drilling continues to convert indicated resource from inferred status Results will also add to inferred resources at next resource upgrade  Summary Peninsula Energy Limited (Peninsula) is pleased to announce that it has completed a further 89 exploration drill holes for a total of 40,420 feet at the Lance Project, of which 50 holes encountered significant mineralisation and 12 holes reported multiple stacked intersections of uranium. Current drilling is designed to convert the existing inferred resource¹ to indicated JORC compliant resource status within and adjacent to the Ross Permit Area. Most of the current drilling is either targeted at extensions to the existing resource perimeters or at identifying new roll front mineralisation that is yet to be categorised.

To this end a new mineralised roll front has been identified in Area 16, with average thickness of 12.4ft and grade 470ppm. This roll front was previously unclassified and will add directly to the next resource estimate. Level 1, 477 Hay Street, Subiaco WA 6008, Phone: +61 (0)8 9380 9920 PO Box 8129, Subiaco East WA 6008 Fax: +61 (0)8 9381 5064 Peninsula Energy Limited - ABN: 67 062 409 303 Peninsula Energy Limited -2- Results continue to demonstrate thick intervals of stacked mineralisation present in the high priority, previously untested area immediately to the north west of Ross.

One drilling rig is currently engaged within the Ross Permit Area while a second drilling rig is dedicated to the expanded Ross and Barber areas. 2011 Lance Drilling Program During the period 22 March to 26 April 2011 Peninsula has completed 89 drill holes at Ross of which 50 holes encountered significant mineralisation and 12 holes reported multiple stacked intersections of uranium. The ....
Quelle wotnews  

http://media.wotnews.com.au/asxann/01179291.pdf  

http://media.wotnews.com.au/asxann/01179894.pdf

Peninsula Minerals Notice under Section 708A
Wed, 11 May 2011 18:24:00 +1000       23 minutes ago

11 May 2011 C omp a ni es An n ouncem e nt O f fi c e Via Electronic Lodgement NOTICE UNDER SECTION 708A An Appendix 3B was released today for the issue of 1,000,000 listed PENOC Options exercisable at 3 cents on or before 31 December 2015 (Options), under a project financing agreement. The Company gives notice pursuant to Section 708A (5)(e) of the Corporations Act that: (a) (b) (c) The Options were issued without disclosure under Part 6D(2) of the Corporations Act. The Company, as at the date of this notice, has complied with the provisions of Chapter 2M of the Corporations Act and Section 674 of the Corporations Act.

There is no excluded information to be disclosed for the purposes of Section 708A (7) and (8) of the Corporations Act. Yours Sincerely Jonathan Whyte Company Secretary For further information, please contact our office on (08)9380 9920 during normal business hours. Level 1, 477 Hay Street, Subiaco WA 6008, Phone: +61 (0)8 9380 9920 PO Box 8129, Subiaco East WA 6008 Fax: +61 (0)8 9381 5064 Peninsula Energy Limited - ABN: 67 062 409 303.  

http://media.wotnews.com.au/asxann/01179981.pdf  

... aufgenommen. Anders ist der heutige Kursanstieg nicht zu erklären.

heller-goisern: Danke für's posten: *****
Meine "grünen" für Dich haben sich soeben verabschiedet!

Habe mich letzte Nacht von Marenica getrennt und hier noch etwas aufgestockt.

... gehandelt in FFM. Der prozentuale Anstieg hatte mehr vermuten lassen. Naja ..

Peninsula Minerals Exploration Update
Mon, 16 May 2011 09:19:00 +1000       3 hours, 55 minutes ago

16 May 2011 Co m p a ni es An n o un c em e n t O ffi ce V i a E le ct ro ni c L o dg e m ent ROSS ISR PERMITTING AHEAD OF SCHEDULE Peninsula Energy Limited (Peninsula) is pleased to announce that recent feedback from the key US regulatory agencies has confirmed that the Ross In-Situ Recovery (ISR) license application continues to advance ahead of schedule. In March 2011, the Land Quality Division of the Wyoming Department of Environmental Quality (WDEQ/LQD) deemed Peninsula’s wholly owned subsidiary Strata Energy Inc’s (Strata) Ross ISR Project Application for a Permit to Mine complete and adequate for technical review. Based on statutory requirements Strata anticipated technical comments to the application by 24 July, 2011.

The WDEQ/LQD have now indicated that Strata should receive these technical comments by late May/early June, well ahead of expectations and statutory guidelines. In addition to the above, Strata have received notification from the Bureau of Land Management (BLM) that is has completed its Administrative and Technical Review Process of the Ross application and determined that the application is complete and without any deficiencies. This notification follows on from the Nuclear Regulatory Commission (NRC) confirmation in early May that it had commenced its formal safety and environmental acceptance review of the Ross license application.

The NRC expect to complete this review prior to 2 July, 2011. Strata is maintaining ongoing dialogue with the NRC and the WDEQ/LQD throughout the licensing process and will provide further updates as they come to hand. Yours sincerely John (Gus) Simpson Executive Chairman For further information, please contact our office on (08) 9380 9920 during normal business hours.

Level 1, 477 Hay Street, Subiaco WA 6008, Phone: +61 (0)8 9380 9920 PO Box 8129, Subiaco East WA 6008 Fax: +61 (0)8 9381 5064 Peninsula Energy Limited - ABN: 67 062 409 303.
http://media.wotnews.com.au/asxann/01180823.pdf  

http://www.pel.net.au/images/peninsul-134--dajiedohph.pdf

PEN hält seine Investoren wirklich gut beschäftigt. Kontinuierlich wird berichtet, ob Analystenreports, News, den vorzeitigen Erhalt von Genehmigungen ... alles durch die Bank weg positiv. Aus meiner Sicht ein Uranexplorer und bald Juniorpoduzent, der ganz vorne mitspielen wird, nachdem sich die Wogen um Fukushima wieder geglättet haben.

http://www.pel.net.au/images/peninsul---shaethaepi.pdf  

http://www.pel.net.au/images/peninsul---uimiekaelo.pdf  

Dancing on Uranium’s Grave… But it ain’t Dead Yet
By Dr. Alex Cowie • June 15th, 2011 • Related Articles • Filed Under
About the Author
Dr. Alex Cowie is the editor of Diggers and Drillers, Australia's premier resource stock tip sheet.

See All Articles by This Author

Nuclear Industry Presents a Major Investment Opportunity
Uranium Shares To Show Gains in Face of $120 Oil
Uranium is Heating Up
More Nukes!
Japan’s “Three Mile Island”
Filed Under: Currencies • Market • Precious Metals • Resources
The old saying goes that that 'the best time to buy is when there is blood on the streets'.

When the revolution is over, the markets collapse, and investors are destitute and bloodied.

That is when a patient and stoic contrarian investor can walk in and buy assets at giveaway prices.

I was having a chat with your regular Daily Reckoning editor, Dan Denning about this yesterday. He told me a story about a famous US investor, Sam Zell, who was so effective at investing at the bottom of the market and buying happily from investors that had been completely torched, that he became known as the 'grave dancer'.

The big wins in investing need you to have a touch of the grave dancer about you: to recognise assets with values that have been incinerated by the market and left with rock-bottom share prices.

To walk onto the pitch when all the other players have been stretchered off. To buy them confidently and then wait patiently for as long as it takes for the rest of the market to realise its folly.

I reckon we are seeing a grave-dancer moment right now in the uranium market.

What could be more unpopular!

It's been three months since the Japan 'quake, tsunami and nuclear crisis, and the uranium sector is still falling.

At some point there comes an opportunity for some 'grave dancing'

Don't get me wrong, I don't expect uranium stocks to bounce overnight. This is a sector with one big image problem, and the distrust runs deep.

But as is often the way with deep distrust, it is backed by deep ignorance.

Investors have turned off uranium but the bottom line is that the world needs nuclear energy. And even after the tragic events in Japan, nothing has changed.

China's plans have certainly not changed. And the hundreds of nuclear plants it has planned, proposed or in construction are at the heart of the uranium story.

The deputy secretary of the China Nuclear Energy Association said a few weeks ago that

'...in the medium and long term, China's nuclear strategy cannot be shaken'

But isn't Germany shutting down its nuclear plants?

It's a side show! It has just nine power stations in operation, which it plans to close in 10 years. This is small change on the global playing field.

And closure is not for 10 years anyway. That's assuming whichever German Chancellor is incumbent in 2020 doesn't see this for the window dressing it is - and change the plan.

Besides - who would make up the 20% energy shortfall?

France!

Where does its power come from?

Uranium!

Has France backed the future use of nuclear energy?

Yes!

There's so much schmaltzy anti-nuclear sentiment out there right now, I can't stop my nostrils from twitching at the scent of opportunity.

The quick way to cut the noise of the rabid media, panicking investors, the coal-financed anti-nuclear lobby, and cut to the chase is to look at the uranium price.

The uranium spot-price is still at $54.75/lb according to UxC.

So for all the rampant talk of a 'collapse in the uranium price', it still remains far higher than it was for most of the last few years.


Uranium spot price (blue) and the long-term price (red) in the last three years - doing just fine


Source: Cameco

But to be honest, the spot price is a bit of a beauty contest; nice to watch, but ultimately not that important.

The real meat and spuds is the long-term price. This is where the real volume in the market is, and this is the market price that producers and power utilities negotiate.

You can see in the chart above - the long-term price is alive and well.

It has hardly been dented by everything the world has thrown at it this year - and that tells you everything you need to know about the future of nuclear energy. It is not going to go away.

But with uranium investors running the other way regardless, uranium stock prices have been - and there's no other way of putting it - kicked in the plums.

We have some great junior uranium stocks on the Aussie market, and it is just spectacular how much the price has come off in the last three months.

Yet the underlying fundamentals haven't changed! If anything a few of the lower quality projects may fall off a cliff because of this - and make the fundamentals even tighter.

This is when smart investors need to get their grave-dancing shoes on.

The road may not be easy at first, as we may not be at the bottom yet. But at some point in the coming months, and I'm guessing pretty soon, we will see other bargain hunters coming into the market.

And slowly, like a turning supertanker, we will, I'm sure, see the sector right itself and the price head north-east.

As editor of Diggers and Drillers, I sat on my hands last year and watched the uranium market, not quite convinced of it. The shortage in the uranium market doesn't come until 2013, and 2010's rally looked like a false start to me.

One year on, that deficit in 2013 is getting palpable.

Coupled with the bargain prices we are looking at now, we should see uranium stocks start to rally in the second half of this year.

And this time I reckon it's got legs.

Dr.Alex Cowie
The Daily Reckoning Australia

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Related Articles:


Nuclear Industry Presents a Major Investment Opportunity
Uranium Shares To Show Gains in Face of $120 Oil
Uranium is Heating Up
More Nukes!
Japan’s “Three Mile Island”

About the Author
Dr. Alex Cowie is the editor of Diggers and Drillers, Australia's premier resource stock tip sheet.

See All Posts by This Author  

http://www.pel.net.au/images/peninsul---ugeoceotei.pdf  

http://media.wotnews.com.au/asxann/01190810.pdf

Audio Broadcast: Comments on Major Resource Upgrade and DFSTue, 21 Jun 2011 10:51:00 +1000       2 hours, 35 minutes ago


21 June 2011 Companies Announcement Office Via Electronic Lodgement PENINSULA ENERGY LIMITED BROADCAST Peninsula Energy Limited (Peninsula) provides the opportunity to listen to an audio broadcast with Mr John (Gus) Simpson, Executive Chairman, in a presentation entitled “Peninsula Energy: Major Resource Upgrade and DFS Time Frame”. The audio broadcast details are as follows:    Peninsula Energy: Major Resource Upgrade and DFS Time Frame Presented by Mr John (Gus) Simpson, Executive Chairman Available Tuesday 21 June 2011, 10.30am AEST To listen, simply visit Peninsula’s website: http://www.pel.net.au under “Investor Info/ Audio Broadcasts”. Yours sincerely Jonathan Whyte Company Secretary For further information, please contact our office on +61 8 9380 9920 during normal business hours.

Level 1, 477 Hay Street, Subiaco WA 6008, Phone: +61 (0)8 9380 9920 PO Box 8129, Subiaco East WA 6008 Fax: +61 (0)8 9381 5064 Peninsula Energy Limited - ABN: 67 062 409 303  

Audio Broadcast - $15M Share Placement, Strategic AllianceTue, 28 Jun 2011 15:37:00 +1000       1 hour, 16 minutes ago


28 June 2011 Companies Announcement Office Via Electronic Lodgement PENINSULA ENERGY LIMITED BROADCAST Peninsula Energy Limited (Peninsula) provides the opportunity to listen to an audio broadcast with Mr John (Gus) Simpson, Executive Chairman, in a presentation entitled “Peninsula Energy: $15M Share Placement and Strategic Alliance”. The audio broadcast details are as follows:    Peninsula Energy: $15M Share Placement and Strategic Alliance Presented by Mr John (Gus) Simpson, Executive Chairman Available Tuesday 28 June 2011, 1.00pm AWST / 3.00pm AEST To listen, simply visit Peninsula’s website: http://www.pel.net.au under “Investor Info/ Audio Broadcasts”. Yours sincerely Jonathan Whyte Company Secretary For further information, please contact our office on +61 8 9380 9920 during normal business hours.

Unit 17, Level 2, 100 Railway Road, Subiaco WA 6008, Phone: +61 (0)8 9380 9920 PO Box 8129, Subiaco East WA 6008 Fax: +61 (0)8 9381 5064 Peninsula Energy Limited - ABN: 67 062 409 303.


Price at Announcement



Code: PENPrice: $0.072

Current Price



Code: PENPrice: $0.073

Share Price last 60 days

Related Announcements

Change Of Address
http://media.wotnews.com.au/asxann/01192884.pdf  

http://www.pel.net.au/images/peninsul---iathuchuej.pdf  

http://media.wotnews.com.au/asxann/01193646.pdf
Audio Broadcast - NRC accepts Peninsula`s app for reviewThu, 30 Jun 2011 12:52:00 +1000       25 minutes ago


30 June 2011 Companies Announcement Office Via Electronic Lodgement PENINSULA ENERGY LIMITED BROADCAST Peninsula Energy Limited (Peninsula) provides the opportunity to listen to an audio broadcast with Mr John (Gus) Simpson, Executive Chairman, in a presentation entitled “Peninsula Energy: NRC accepts Peninsula's application for detailed review”. The audio broadcast details are as follows:    Peninsula Energy: NRC accepts Peninsula's application for detailed review Presented by Mr John (Gus) Simpson, Executive Chairman Available Thursday 30 June 2011, 10.45am AWST / 12.45pm AEST To listen, simply visit Peninsula’s website: http://www.pel.net.au under “Investor Info/ Audio Broadcasts”. Yours sincerely Jonathan Whyte Company Secretary For further information, please contact our office on +61 8 9380 9920 during normal business hours.

Unit 17, Level 2, 100 Railway Road, Subiaco WA 6008, Phone: +61 (0)8 9380 9920 PO Box 8129, Subiaco East WA 6008 Fax: +61 (0)8 9381 5064 Peninsula Energy Limited - ABN: 67 062 409 303  

Hier das OB ca. 20 min nach Börsenstart: Nachfrage etwas höher als Angebot!

http://www.pel.net.au/images/peninsul---eixugheish.pdf  

http://www.pel.net.au/images/peninsul---aisheiyaob.pdf  

Quarterly Cashflow ReportFri, 29 Jul 2011 13:11:00 +1000       1 hour, 28 minutes ago


Appendix 5B Mining exploration entity quarterly report Rule 5.3 Appendix 5B Mining exploration entity quarterly report Introduced 1/7/96. Origin: Appendix 8. Amended 1/7/97, 1/7/98, 30/9/2001, 01/06/10.

Name of entity Peninsula Energy Limited ABN Quarter ended (“current quarter”) 62 062 409 303 30 June 2011 Consolidated statement of cash flows Cash flows related to operating activities Current quarter $A’000 Year to date (12 months) $A’000 1.1 1.2 Receipts from product sales and related debtors Payments for (a) exploration & evaluation (b) development (c) production (d) administration Dividends received Interest and other items of a similar nature received Interest and other costs of finance paid Income taxes paid Other (provide details if material) (2,838) (1,298) 537 (6) (3,605) (11,795) (5,108) 807 (99) (16,195) 1.3 1.4 1.5 1.6 1.7 Net Operating Cash Flows Cash flows related to investing activities Payment for purchases of: (a) prospects (b) equity investments (c) other fixed assets Proceeds from sale of: (a) prospects (b) equity investments (c) other fixed assets Loans to other entities Loans repaid by other entities Other (provide details if material) Net investing cash flows Total operating and investing cash flows (carried forward) 1.8 1.9 1.10 1.11 1.12 (18) (18) (3,623) (11) (11) (16,206) 1.13 + See chapter 19 for defined terms. 30/9/2001 Appendix 5B Page 1 Appendix 5B Mining exploration entity quarterly report 1.13 Total operating and investing cash flows (brought forward) Cash flows related to financing activities Proceeds from issues of shares, options, etc. Proceeds from sale of forfeited shares Proceeds from borrowings Repayment of borrowings Dividends paid Other (provide details if material) Net financing cash flows Net increase (decrease) in cash held (3,623) (16,206) 1.14 1.15 1.16 1.17 1.18 1.19 183 183 (3,440) 31,305 (108) 27,757 35,637 35,637 19,431 9,271 (945) 27,757 1.20 1.21 1.22 Cash at beginning of quarter/year to date Exchange rate adjustments to item 1.20 Cash at end of quarter Payments to directors of the entity and associates of the directors Payments to related entities of the entity and associates of the related entities Current quarter $A'000 1.23 1.24 1.25 Aggregate amount of payments to the parties included in item 1.2 Aggregate amount of loans to the parties included in item 1.10 Explanation necessary for an understanding of the transactions Payment of Directors Fees and payments for Consultancy Services.

(294) - Non-cash financing and investing activities 2.1 Details of financing and investing transactions which have had a material effect ....
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http://media.wotnews.com.au/asxann/01202264.pdf
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Quarterly Activities ReportFri, 29 Jul 2011 13:11:00 +1000       1 hour, 29 minutes ago


29 July 2011 Australian Stock Exchange Limited (ASX) Company Announcements Platform Via e-lodgement 30 JUNE 2011 QUARTERLY ACTIVITIES REPORT HIGHLIGHTS WYOMING, USA - LANCE URANIUM PROJECTS  25% Resource Upgrade to 41.4Mlbs U3O8  Permitting Advances on Schedule:    Deep Disposal Well Permit Granted NRC Accepts Source & Byproduct Material License for Technical Review WDEQ Accepts Air Quality Permit for Technical Review  High Grade Drill Results continue SOUTH AFRICA – URANIUM / MOLYBDENUM EXPLORATION  Outstanding Uranium and Associated Molybdenum Grades Returned at Site 22  Ongoing Drill Program Intersects High Grade Uranium and Molybdenum at Site 22 and 29 CORPORATE  Term Sheet executed with USA based NuCore Energy for a $15m Share Placement  Strategic Alliance entered into with NuCore Energy and Boswell Capital Corporation  Appointment of nuclear energy professional as Director post Share Placement  Cash at 30 June 2011 $27.8m Peninsula Energy Limited June 2011 – Quarterly Activities Report Page 2 WYOMING, USA – LANCE PROJECTS (Peninsula Energy 100%) Figure 1: Lance Projects location, Wyoming USA Peninsula Announces Major Resource Upgrade On 17 June 2011 Peninsula announced a further upgrade to the JORC-compliant Resource Estimate for the Lance uranium projects in Wyoming, USA (Lance Projects). The revised JORC compliant resource estimate of 41.4Mlbs U3O8 represents a 25% increase to the total resource estimate including a 7% increase in Measured and Indicated Resource since the previous upgrade in February 2011. Since the release of the updated JORC resource estimate on February 2, 2011, Peninsula has continued resource conversion and exploration drilling with the completion of a further 300 drill holes mostly within and nearby to the Ross Permit Area.

This drilling has successfully demonstrated the continuity of the known mineralisation and expanded the limits in these resource areas. Table 1: Lance Project Updated Resource Estimate – June 2011 Resource Classification Measured Indicated Inferred Total Tonnes Ore (M) 3.6 7.8 33.1 44.5 U3O8 kg (M) 1.7 3.0 13.7 18.4 U3O8 lbs (M) 3.7 7.5 30.2 41.4 Grade (ppm U3O8) 478 439 418 412 (The JORC resource is reported above a lower grade cut-off of 200ppm and a GT of 0.2). Note figures may not sum due to rounding.

Peninsula Energy Limited June 2011 – Quarterly Activities Report Page 3 The resource has been calculated by applying a combined constraint of a grade thickness product (GT) of 0.2 contour and 200ppm U3O8. These lower cut ....
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http://media.wotnews.com.au/asxann/01202263.pdf  

U.S. Begs for More Nuclear
Nuclear Use to Rise Despite Japan, Uranium Crunch Looms
By Nick Hodge
Friday, August 26th, 2011

Text:  


Don't believe everything you hear.

Nuclear energy is only a contentious issue among people who are powerless to do anything about it.

Those in control are plowing ahead full tilt.

Take the latest news from the Tennessee Valley Authority (NYSE: TVC), that government-owned publicly-traded skeleton in free market capitalism's closet...

Like its Uncle Sam, the TVA is in financial trouble. It has a government-set debt limit of $30 billion. And it has $24 billion in debt. Sound familiar?

But fiscal ineptitude isn't the point; making money from nuclear energy is.

You see, the TVA wants to build more nuclear plants. It already operates six of them. A new one at Watts Bar will be operational in 2013.

But the nation's largest utility is hungry for more — even before that plant is complete.


Nuclear Junkie

This week the TVA said it would — for the first time ever — lease that plant when finished.

This does two things:

It keeps the cost of Watts Bar from being added to the debt, which would put it over the $30 billion limit.
It generates funds from the lease.
And I'll give you one guess what those funds will be used for...

That's right! The board of the TVA last week approved a $4.9 billion plan to build another nuclear plant. Called Bellefonte 1, it's expected to be complete in 2020.

President and CEO Tom Kilgore even penned an Op-Ed in the New York Times to explain why nuclear is so critical. It's important I share a piece of that with you today:

The reason for the commitment is simple: for all the recent news, nuclear is still our best choice for producing large amounts of round-the-clock, reliable electricity that is affordable, safe and clean.

We believe that nuclear power, developed properly, is not only a promising option, but the best available. Our forecasts for the region’s energy demands by the end of the decade show we will need more base-load electricity — or continuous minimum power — something nuclear plants excel at providing.

Nevertheless, critics have rightly asked, why not simply bypass nuclear power and rely on more wind, solar, gas and energy efficiency? In fact, the T.V.A. is adding power from all of those sources in record amounts. But none can produce sufficiently large volumes of base-load electricity as consistently and affordably as nuclear power can.

No energy source is perfect. But the risks associated with nuclear power are well understood and — with the proper emphasis on safety — they are entirely manageable. Fukushima taught us that we must be prepared for what was once considered almost unimaginable, and we are incorporating the lessons of that disaster into our everyday operations.

At the Tennessee Valley Authority, our strategy for meeting the electricity challenges of the future is a balanced portfolio of energy production that relies somewhat less on coal, and more on energy efficiency, gas, renewable and nuclear power. If cost, reliability and cleaner air are important, nuclear energy must be part of the mix.

Must Be a Part of the Mix

Of course, the entire world is still gasping from Japan.

Germany even said it's going to end its nuclear program, eventually shuttering all 17 reactors. Eight have already been shutdown; the rest are expected to close sometime before 2022. Because even though they want them closed, Germans are still reliant on that power, and they can't simply abandon it overnight.

And at the end of the day, Germany is only home to 5% of global nuclear capacity. By the time they shutdown their last plant, the construction of reactors elsewhere will more than offset the loss.

As Cameco (NYSE: CCJ), the largest uranium supplier in the world, said in its quarterly report this week:

Other countries around the world have now had time to do a preliminary review of their nuclear programs. With very few exceptions, we see these countries continuing their commitment to nuclear energy. India, China, France, Russia, South Korea, the United Kingdom, Canada, the United States, and almost every other country with a nuclear program are maintaining nuclear as a part of their energy mix.

Other previously non-nuclear countries are considering adding nuclear to their energy programs in the future. Saudi Arabia, for example, recently announced its plan to build 16 reactors by 2030. Its plan includes building the first two reactors over the next 10 years and adding two new reactors every year thereafter.

You can draw your own conclusions about what that last nugget insinuates about the Saudi's confidence in their oil future...

In a speech this week entitled "Future of Nuclear Power After Fukushima," former Atomic Energy Commission chairman M.R. Srinivasan said India plans to boost its nuclear capacity by 50,000 to 60,000 MW in the next 20 years. That's at least 50 new 1,000 MW plants!

And he wasn't coy about other future superpowers either, saying: “China has the biggest nuclear plant construction program at present. While they will review their safety practices after the Japanese experience, they will probably continue to develop nuclear power in a big way."

He concluded, “If we have to cut down carbon emissions, we must build a significant nuclear capacity."


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Fueling the Future

Given everything I'm hearing from energy insiders, the problem isn't an ebbing nuclear industry...

It's being able to keep up with growing nuclear demand.

That sentiment has been expressed by multiple uranium company executives and reports in recent weeks.

Cameco's Q2 earning's press release said it expects "annual global consumption [of uranium] to exceed annual global mine production by a significant margin over the next 10 years."

Uranium Energy Corp. (AMEX: UEC) CEO Amir Adnani is concerned as well. He was quoted this week saying:

American power plants consume about 55 million pounds of the metal every year to generate 20% of America's electricity, yet the U.S. produces only 3.5 million pounds, and U.S. production has been falling. We rely on imports for about 70% of our oil but foreign countries supply 95% of our uranium. And some of those suppliers are no more stable than certain OPEC members.

He thinks a major supply crunch is ahead.

Today, mined uranium supplies about 66% of global reactor demand; the remaining third comes from secondary uranium supplies, like the so-called Megatons to Megawatts program that recycles nuclear arms into fuel. But that program ends in 2013 with no replacement in sight...

And uranium demand is expected to double by 2030.


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Call it like you see it,  

DFS and Lance Drilling Program UpdateMon, 12 Sep 2011 09:40:00 +1000       3 hours, 39 minutes ago


12th September 2011 C omp a ni es An n ouncem e nt O f fi c e Via Electronic Lodgement DFS UPDATE AND LANCE DRILLING PROGRAM CONTINUES TO INDENTIFY HIGH GRADE MINERALISATION Highlights DFS Update   Positive preliminary results at Ross being expanded to economic assessment of entire Lance Project Full DFS results to be published following completion of owners review, optimisation work and expanded economic assessment Lance Drilling Program  Significant Intercepts include: RMR1415 from 651.00ft to 690.00ft intersected 39.0 ft @ 436ppm U3O8 (GT 1.70) including 9.5 ft @ 890 ppm U3O8 RMR1339 from 431.75ft to 455.25ft intersected 23.5 ft @ 390ppm U3O8 (GT 0.92) RMR1086 from 484.25ft to 500.75ft intersected 16.5 ft @ 382ppm U3O8 (GT 0.63) RMR1270 from 253.25ft to 258.75ft intersected 5.5 ft @ 1,080ppm U3O8 (GT 0.60) RMR1431 from 680.25ft to 687.25ft intersected 7.0 ft @ 820ppm U3O8 (GT 0.57)    Exploration drilling north of the Ross Permit Area extends roll front mineralisation Results show thick intervals of Uranium mineralisation Drilling continues to add to resource inventory Unit 17, Level 2, 100 Railway Road, Subiaco WA 6008, Phone: +61 (0)8 9380 9920 PO Box 8129, Subiaco East WA 6008 Fax: +61 (0)8 9381 5064 Peninsula Energy Limited - ABN: 67 062 409 303 Peninsula Energy Limited -2- Ross Project DFS Update On June 17th Peninsula announced that the Definitive Feasibility Study (DFS) on the Ross Project was expected shortly. This initial DFS (Initial DFS) was focused exclusively on the Ross Project Area (Ross Permit Area and Ross Amendment Area), using the JORC compliant measured and indicated resources of 8.95 million pounds of U308 delineated to date within that area. Peninsula is pleased to announce that the preliminary results of the Initial DFS are positive, which is particularly encouraging as the Ross Project Area covers only a small area and resource base of the larger Lance project.

Peninsula has now decided to expand the Initial DFS to cover the full Lance project area (Expanded DFS), including its JORC-compliant resources of 41.4 million pounds and a proportion of the additional mineralised potential that has been modelled but is unclassified at this time. Peninsula expects that this will maximize the operational capacity and life of the project, and also present a more relevant assessment of the full economic value of the entire project. At the same time as completing the Expanded DFS, Peninsula ....
http://media.wotnews.com.au/asxann/01216984.pdf  

so stark ab ?

heller übersetz mal dein CopyPaste

Audio Broadcast - Comments on DFS and Lance UpdatesMon, 19 Sep 2011 10:50:00 +1000       2 hours, 47 minutes ago


19 September 2011 Companies Announcement Office Via Electronic Lodgement PENINSULA ENERGY LIMITED BROADCAST Peninsula Energy Limited (Peninsula) provides the opportunity to listen to an audio broadcast with Mr John (Gus) Simpson, Executive Chairman, in a presentation entitled “Peninsula Energy: Comments on DFS and Lance drilling program update”. The audio broadcast details are as follows:    Peninsula Energy: Comments on DFS and Lance drilling program update Presented by Mr John (Gus) Simpson, Executive Chairman Available Monday 19 September 2011, 8.30am AWST / 10.30am AEST To listen, simply visit Peninsula’s website: http://www.pel.net.au under “Investor Info/ Audio Broadcasts”. Yours sincerely Jonathan Whyte Company Secretary For further information, please contact our office on +61 8 9380 9920 during normal business hours.

Unit 17, Level 2, 100 Railway Road, Subiaco WA 6008, Phone: +61 (0)8 9380 9920 PO Box 8129, Subiaco East WA 6008 Fax: +61 (0)8 9381 5064 Peninsula Energy Limited - ABN: 67 062 409 303.
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