AUSTRALIA'S ANTI-NUCLEAR RUDD BETRAYS THE FUTURE

Prime Minister Kevin Rudd has no right to block nuclear power development in Australia, because he is condemning future Australians to a dark age, Craig Isherwood said today.

“Rudd is betraying future Australians, by bequeathing them a legacy of backward technology,” the Citizens Electoral Council leader said.

“At a time when whole sections of the world are shaking off anti-nuclear superstition and recognising nuclear power is the solution to their energy needs, Rudd is holding Australia back.

“In nuclear terms, Australia is a colonial plantation—we export the raw fuel for paper money; others get the power. In the year 2008-09 Australia exported over 10,000 tonnes of uranium oxide concentrate—15 per cent of the world demand—with a value of over A$1 billion. This amount of uranium would generate $12 billion of electricity at a wholesale price of $30 per megawatt hour.”

Mr Isherwood compared Australia to the rest of the world:

“There are 435 nuclear reactors operational in 30 nations around the world, producing 2601 billion kilowatt hours of electricity a year.

“There are 40 nations now either building, planning to build, or have proposed to build another 488 reactors—South Korea is planning to export 80 reactors over the next 20 years.

“Australia is fortunate to hold by far the world’s largest reserves of both uranium and thorium. We have more than 1.2 million tonnes of known recoverable uranium resources—23 per cent of the world’s total, and an estimated 489,000 tonnes of thorium resources—19 per cent of the world’s total.

“If we move towards breeder reactor technology and thorium-fuelled reactors, Australia alone has enough nuclear resources to power the entire world for at least tens of thousands of years. And we’ll no doubt make the breakthrough to fusion power well before then.”

Mr Isherwood then pointed out the economics of power generation from a scientific basis:

“Nuclear power takes advantage of the enormous energy contained within an atom. It would take two million grams of oil or three million grams of coal to equal the power contained in just one gram of uranium fuel. Even the quantity of uranium ore, depending on the grade, is still a small fraction of the mass of coal producing the equivalent power.

“Nuclear power can only be cheaper given this scientific principle of energy density. It leaves the diffuse and erratic wind and solar power as a pathetic flap in the wind.

“With so much power, nuclear is ideal for desalination. We could create new rivers and green our deserts.

“However, the most exciting opportunity is the ‘isotope economy’ where we use science to incorporate the 3,000 odd isotopes on the Periodic Table into our economy—we can separate, exquisitely fine tune subatomic processes and generate various species of atoms as raw materials for industrial production. This will lead to all sorts or further discoveries—the possibilities are very exciting.”

Mr Isherwood concluded, “Join our fight for a prosperous future and oppose the Luddite Rudd’s path to economic ruin.”

Saturday, 20 February 2010, 11:22 am
Press Release: Citizens Electoral Council of Australia

EXTRACT RESOURCES RELEASES OUTSTANDING RESULTS AT THEIR WORLD CLASS HUSAB URANIUM PROJECT

The results reflect the quality and global significance of the Husab Uranium Project and underpin Extract’s commitment to the completion of a Definitive Feasibility Study and, in due course, the development of a mine at Rossing South.

Uranium mineralization is open down dip and along strike, with further drilling expected to upgrade the resource classification and increase the size of this massive mineralized system.

Fifteen drill rigs are currently operating at Rossing South with 14 dedicated to infill and resource drilling at Zone 1 and Zone 2.

Multiple high grade chemical assay results from Zone 1 and Zone 2 drilling, including

146m @ 639 ppm
88m @ 650 ppm
62m @ 786 ppm
21m @ 2003 ppm
23m @ 1673 ppm.

The company has completed 249,810 Metres of drilling at the Rossing South project with 225,951 Metres of this total dedicated to resource definition within Zone 1 and Zone 2.

The latest round of chemical assay results were received from 75 drill holes located throughout Zone 1 and Zone 2. Multiple intercepts of high grade mineralization were reported from drill holes within both Zone 1 and Zone 2, highlighting the strong continuity of the high grade domains.

Uranium mineralization remains open along strike and down dip with further drilling expected to increase the known dimensions of this massive mineralized system.

The company’s principal asset is its 100%-owned Husab Uranium Project which contains two known uranium deposit areas, Rossing South and Ida Dome.

DEEP YELLOW INVESTMENT ALERT - REMEMBER NAPPERBY

Attention Future DYL & TOE Investors

One Issue to re-consider when investing in Deep Yellow is the soon to be Implemented decision by Toro Energy regarding their J/V Napperby Exploration.




Toros/Deep Yellow's Napperby 2007 (3 Year)Acquisition Agreement .

If undertaken by Toro Energy it will require payment of approximately $57-$75Mill based on a sliding scale of $4.50P/Lb (if u3o8 spot price is $56.00P/Lb or below) based on a 13.2Mill Lb Jorc Napperby Resource, to which on all accounts looking over Napperby's drill results will be attained.

Note* Plus 2-3% royalty payments to both PDN & DYL

This will eventually require a Cash Payment by TOE, or more likely Cash Payment + Share Holding to DYL, so one should keep this in mind, when considering.

Should bolster DYL's Share price over the coming period if Acquisition of Napperby goes ahead.


3 Year Acquisition Agreement Due Approximately July 2010

Cheers from a Long Term Uranium Bull

BILL GATES PRO NUCLEAR SPEECH

By John D. Sutter, CNN

February 12, 2010 6:03 p.m. EST

Long Beach, California (CNN) -- Microsoft Corp. founder and philanthropist Bill Gates on Friday called on the world's tech community to find a way to turn spent nuclear fuel into cheap, clean fuel.

"What we're going to have to do at a global scale is create a new system," Gates said in a speech at the TED Conference in Long Beach, California. "So we need energy miracles."

Gates called climate change the world's most vexing problem, and added that finding a cheap and clean energy source is more important than creating new vaccines and improving farming techniques, causes into which he has invested billion of dollars.

The Bill & Melinda Gates Foundation last month pledged $10 billion to help deploy and develop vaccines for children in the developing world.

The world must eliminate all of its carbon emissions and cut energy costs in half in order to prevent a climate catastrophe, which will hit the world's poor hardest, he said.

"We have to drive full speed and get a miracle in a pretty tight timeline," he said.

Gates said the deadline for the world to cut all of its carbon emissions is 2050. He suggested that researchers spend the next 20 years inventing and perfecting clean energy technology, and then the next 20 years implementing them.

The world's energy portfolio should not include coal or natural gas, he said, and must include carbon capture and storage technology as well as nuclear, wind and both solar photovoltaics and solar thermal power.

"We're going to have to work on each of these five [areas] and we can't give up on any of them because they look daunting," he said. "They all have significant challenges."

Gates spent a significant portion of his speech highlighting nuclear technology that would turn spent uranium -- the 99 percent of uranium rods that aren't burned in current nuclear power plants -- into electricity.

That technology could power the world indefinitely; spent uranium supplies in the U.S. alone could power the country for 100 years, he said.

A "traveling wave reactor" would burn uranium waste slowly, meaning a 60-year supply could be added to a reactor at once and then not touched for decades, he said.

Gates also called for innovation in battery technology.

"All the batteries we make now could store less than 10 minutes of all the energy [in the world]," he said. "So, in fact, we need a big breakthrough here. Something that's going to be of a factor of 100 better than what we have now."

Gates called for more investment in climate-related technology. He said his foundation is backing a company called TerraPower, which is working on spent nuclear technology.

Money that goes into research and development will pay bigger returns than other investments, he said, especially if money goes into energy sources that will be cheap enough for the developing world to afford.

Clean energy technologies must be installed in poorer countries as they develop, he said.

"You'd be stunned at the ridiculously low costs of innovation," said Gates, who received a standing ovation for his remarks.

If he could wish for anything in the world, Gates said he would not pick the next 50 years' worth of presidents or wish for a miracle vaccine.

He would choose energy that is half as expensive as coal and doesn't warm the planet.

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