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From The Australian:
GREG Hall makes no bones about it: there is too much hype in the Australian uranium sector and it is leading to artificially high expectations.
The managing director of Toro Energy should know.
He's a former manager of mine operations and marketing manager for Rio Tinto's ERA operations and a former mine manager for Olympic Dam when it was owned by WMC.
Toro Energy is a South Australian uranium explorer that was formed through the amalgamation of the uranium interests of Oxiana and Minotaur Exploration and listed last year after raising $18 million through an IPO.
"I believe there is an imbalance between the information the public is hearing from the anti-uranium lobby, and the industry knowledge base," Hall said this week.
"The industry needs to be willing to be more outspoken."
The current uranium boom is very much stock exchange-driven because, despite the recent lift in uranium prices to a reported $US75 a pound, the fundamentals of the supply side of the industry have not changed much for most of the past decade.
While Hall is not a supporter of the claim in the Switkowski report on Australia's nuclear options that there is insufficient nuclear expertise in Australia - he cites more than 30 years' nuclear regulatory experience in South Australia and the Northern Territory and a similar timescale in Western Australia through the ban on thorium extraction - he says it is unrealistic to expect an immediate surge in new uranium mines.
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Re: Miner Buries Uranium Myths
