08 NovNew Mine Flood Tightens Uranium Supply

“Seize the Moment” This is one of my favorite sayings. How often do we take advantage of the MOMENT? The moment is instantaneous. What happens right now will not happen again, ever! Will you remember the moment?

Photography is the art of capturing an image of that moment. It could be a face, a plant or a mountain. It could be something that will be there tomorrow but will look different or it could be something that be seen again. I read in a comic book once of a conversation between a and son. The young son asked his why old were always in black and white and new pictures were in color? His father stated there was always color film in the old days, but the world was only in black and white then! It was funny but some of our most famous photography “artist” worked in black and white such as Ansel Adams. He and so many others were artists that couldn’t make up their work but had to capture it at the right instant of time.

I was going through some photos with my wife the other day. Some of them would take my breath away. They were images captured in time of babies in our family. Some of these babies are now 5, 8, 10, 14, 17 years of age. They are my children, nephews and nieces. Some of them are of my wife and her sisters. They’re baby pictures! They are an instant caught in time. They were either taken by my in-laws or given to them as gifts. They may not have been present at the time the was taken but they had that image of that instant in time to carry with them until they died. These images were no different than the images that Ansel Adams gave me as a gift when he photographed San Francisco bay where the Golden Gate Bridge is before it was built. He gave me a memory that I could not have had otherwise. My family and my sister-in-laws’ families gave my -in-law and father-in-law memories that they would never have had if it were not for photography.

Even if you aren’t a great photographer, a picture is still worth a 1,000 words. When a newborn baby comes home from the hospital and the family and extended family come by to see him or her, what comes out? Of course, the cameras come out and start snapping. I learned two schools of thought from photographers that I took courses from. One was in a roll of 36 exposures, 34 superior be the top quality that you intend to sell. The other photographer taught that in a roll of 36 exposures, anticipate 2-3 quality that are worthy of selling. What I learned from this is spend your time taking posed but keep snapping for candid photos.

If you are taking of babies or children, take your time for both types of photos. I personally do not like posed photography but that’s me. I prefer to capture a child that is at play trying to solve a trouble or just being natural. I like the expressions when they are deep in thought or interacting with other children. I found a of my son that I took through a automobile window when he was five holding his hand up with his fingers stretched out. That is so memorable to me because I sent it to my mother before she passed away. It was exactly the same photo that my mother took of me when I was five years old.

May I that you seriously think about studying photography to get a understanding of the abilities of using a camera properly? If you are just starting out, you need to start with the basics and work from there. Here is a good site to learn various aspects of photography from: http://www.photographytips.com/ For some detailed photography, study someone like Ansel Adams and look at this website: http://www.anseladams.com/

New Mine Flood Tightens Uranium Supply After Cameco Corp’s Cigar Lake flood at the company’s northern Saskatchewan uranium mining project rattled analysts and utilities who previously expected sufficient uranium would be available to meet the needs of nuclear utilities, along came another mine flooding – this one in Australia. The March 7th announcement by Energy Resources of Australia was different. While Cigar Lake effectively removed uranium mining supply in 2008, ERA’s ‘force majeure’ announcement withdrew supply anticipated for this year.

Even before the force majeure, TradeTech’s Nuclear Market Review was inclined to increase the consulting service’s weekly spot uranium price indicator. Flooding at ERA’s Ranger mining operations confirmed the already very tight uranium supply would get much tighter. And it will cost delinquent utilities who did not stockpile sufficient uranium to meet their reactor requirements to pay more for new uranium supply they may have need of.

Presently at US$90/pound, it appears a sure thing that spot uranium would rise past the century mark and perhaps gallop higher. TradeTech announced that ERA’s force majeure ‘stunned’ nuclear utilities. Active demand for uranium is currently running more than two to one. More utilities want to buy uranium than what is presently offered. Utilities, which were locked-in ERA contracts, were paying the Australian subsidiary of Rio Tinto about $22/pound. Now, utilities will be forced to pay about five times the price for the same uranium.

ERA supplies utilities in North America, Europe and Asia. The company provides about 11 percent of the world’s uranium mining supply. It is the world’s third largest producer. The impact of this flooding has not yet been evaluated. Preliminary estimates for the first quarter 2007 could mean a loss of nearly one million pounds. Because of the company’s force majeure announcement and the company’s official statement that “production will be impacted in the second half of 2007,” TradeTech’s Gene Clark estimated the loss of newly mined uranium could run much higher.

As we discovered after the Cigar Lake mine flood, imminent uranium producers, and others whose projects were moving forward to production, greatly benefited by the disaster in terms of share price appreciation. The recent ERA flood and the suspense about Cameco Corp’s announcement of remediation efforts, due this month, should keep uranium stocks buoyant for at least the next few weeks.

COPYRIGHT © 2007 by StockInterview, Inc. ALL RIGHTS RESERVED.

James Finch contributes to StockInterview and other publications. To view the uranium mine flood photos, please visit this webpage:

http://www.stockinterview.com/News/03092007/Ranger-Flooded-ERA.html