Australian news, and some related international items

Misleading headlines and terms in uranium propaganda

We’ve been seeing a lot of “wobbly words” lately – from the nuclear/uranium industry.  You’ll recognise them –  “the fundamentals” (always great, of course).  And in today’s hype for Uranium SA’s Whyalla plan –  “robust” economics.

But the headline is the best in this one  – “numbers stacking up”.   – Well – the information that the share price of Uranium SA has fallen, and that it hasn’t secured financing –   doesn’t bear out the enthusiastic headline. – C.M. 

The numbers stack up for Uranium SA, The Age, Barry Fitzgerald, September 20, 2011 SOUTH AUSTRALIA is in line to get another uranium mine, this time from a new uranium province being opened up by ASX-listed Uranium SA to the south of the industrial city of Whyalla, on the Eyre Peninsula.

A study by USA into the likely financial returns from the development of one of the sediment-hosted uranium deposits it has outlined at its Samphire project – the Blackbush deposit – has confirmed ”robust” project economics…..

USA’s managing director, Russel Bluck, said USA’s financing options for the project development would include discussions with global integrated nuclear power groups. USA shares closed 0.5¢ lower at 15¢.

September 20, 2011 - Posted by | South Australia, spinbuster |

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