[thackney]

About 2 years ago the estimate for extracting uranium from seawater was about $200 per pound. Probably a little up from there, but you can definitely get the Uranium you need if we where to build a number of nuclear plants as we should.

Weighted-Average Price of U.S. and Foreign-Origin Uranium Purchased by Owners and Operators of U.S. Civilian Nuclear Power Reactors, 1994-2007 Deliveries

Uranium Marketing Annual Report
http://www.eia.doe.gov/cneaf/nuclear/umar/umar.html

[DarkWaters]

As stockpiles dwindle and usage increases as well, the price will eventually reach that amount possibly greater if we let the stockpiles dwindle down too low. Currently U8O8 is going for $64.50, and in December of 2007 it was above $90 for about a month. While the chart above may be the average for previous years, the trend is up mid to long term. Also notice from the website which your chart comes from, the amount coming from foreign suppliers, US traders, and US civil for 2007 are down yet prices show a nice spike in the chart above. It’s also important to note that this is for US owner/operators of civil nuclear reactors as well. So does this mean more and more supply is going else where do to growth in the nuclear power around the world and/or other reluctant to sell Uranium at these prices? Could also be just a blip in the data for 2007. We will have to see what 2008 and eventually 2009 look like