UK 16:02 Wednesday, 23 September 2026
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Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Uranium play Berkeley Energia (BKY) is trumpeting encouraging initial exploration results from the high-grade Zona 7 deposit within its wholly-owned Salamanca project, hosting an estimated resource of 90.5million lbs. of uranium U308 in central-western Spain. Entrepreneurial managing director Paul Atherley describes the Zona 7 results, which include 14 metres with 4,481 parts of uranium U308 per million of material and six metres with 3,274 parts per million, as 'transformational', while declaring another Salamanca prospect, Retortillo, is likely to face potential operating costs of some $15.60c (£10.90p) a lb., which is less than half the present 'market' price of uranium, at $34.75 a lb.
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Comments
J P Spaghetti
(Greenpeace members may wish to avert their eyes…)
Interesting article, but I question the general description of the events at Fukishima as a disaster. Let’s bear in mind that it was after the nuclear reactors there withstood one of the largest earthquakes on record that meltdown occurred after one of the largest tsunamis. Then what happened? Nothing! No eventuality – at least – that hadn’t been foreseen. The meltdown was contained, proving the safety of the design irrefutably. Although – sadly – the tsunami itself caused thousands of deaths, not a single life was lost due directly to the escape of radiation (and nor was there any injury to any individual or damage to property due to it). I say directly because it seems the shock and panic induced by the forced and sudden evacuation of those living within an almost 15 mile radius from the plant was responsible for deaths through cardiac arrest, but that’s attributable to hysteria.
The Fukishima incident was undoubtedly a financial disaster, of course, as the plant is now out of commission forever, and so – given the nature of this site – the term is not entirely without justification. That said, I’m sure it was insured. In any event, however, as I’ve prattled on about before in response to the Angel of Mass Distraction’s (I reckon Wildes will like that) posts, thorium should really be the way to go. For the time being, though, I guess it will continue to be Z=92.
(“Ooh, MRI not NMR please doc. – don’t want no [sic] nuclear!”)