Leave no stone unturned. That's how professionals perform a program to a project. The reversal of Louisiana Energy Services (LES) is nothing short of spectacular. Resurrected from the dead, the LES enrichment facility fast forward. After
being shunned by two states, in a grueling saga takes fifteen years,
LES finally found a home in New Mexico for its uranium enrichment plant.
Our
brief encounter with LES president Jim Ferland and his right hand,
Marshall Cohen, vice president of Communications, they showed his
serious players with a no-nonsense approach to making the LES uranium
enrichment facility operational. How did we come to this conclusion? It began with a story that we wrote.
While on vacation in Maine, an alert Marshall Cohen called offices StockInterview's, within hours of the publication of our Market Outlook Journal article entitled "Will Cameco Supply the Uranium for New Mexico Proposed Enrichment Facility" He believed that we wrong the story? and quickly scheduled an afternoon interview with Jim Ferland, President of LES to clarify the matter. It might even have been before, but Mr. Ferland was in a plane at the time.
When we finally spoke, we did not mince words that Thursday afternoon. Ferland wanted to make clear that there is no secret deal between Cameco and LES. "Cameco thought about investing in the project, at one time," Ferland explained. "Cameco had a memorandum to basically investigate whether it makes sense to invest, and chose not to." Yet Ferland agreed Canada would be the likely source of the uranium, "The majority of the uranium is mined from Canada or Australia." He admitted, "I do not know exactly where it is going to come from, I'm just guessing, because obviously no use to us all make this point, most of which came from Canada or (ConverDyne, Illinois) Metropolis facility. "
Other eye fell on our article. Julian Steyn, head of the DC-based Energy Resources International and co-author of U.S. Senator Pete Domenici's book, "A Brighter Tomorrow: Fulfilling the promise of nuclear energy," fired us an e-mail he wrote. "It uranium enriched in the LES Lea County plant will be provided by the plant's utility customers, all of whom are expected to be U.S. utilities. It will be the U.S. utilities that enter into supply arrangements strictly on the basis of commercial considerations. "Steyn has noted," Yes, Cameco will undoubtedly be one of the producers, but so will Hydro Resources (a subsidiary of Uranium Resources, Inc.). "Steyn not believe that there is no unusual offers cutting between Cameco and LES.
Other potential producers may also Strathmore Minerals, Energy Metals Corporation and UR Energy. They are aggressively moving forward with their In Situ Recovery operations in New Mexico, Wyoming, and / or Texas. Hydro Resources (HRI) President Craig Bartels told us, "With so much uranium left in northwestern New Mexico, we certainly hope that it helps supply LES." HRI's In Situ Recovery (ISR) have undergone intense regulatory controls, uranium projects for many years. As was found with the LES, projects HRI's have also been found safe for the environment. Bartels wholeheartedly endorsed the LES project, says: "It is not only good for New Mexico, but also for the United States."
COPYRIGHT © 2007 by StockInterview, Inc. All rights reserved.
While on vacation in Maine, an alert Marshall Cohen called offices StockInterview's, within hours of the publication of our Market Outlook Journal article entitled "Will Cameco Supply the Uranium for New Mexico Proposed Enrichment Facility" He believed that we wrong the story? and quickly scheduled an afternoon interview with Jim Ferland, President of LES to clarify the matter. It might even have been before, but Mr. Ferland was in a plane at the time.
When we finally spoke, we did not mince words that Thursday afternoon. Ferland wanted to make clear that there is no secret deal between Cameco and LES. "Cameco thought about investing in the project, at one time," Ferland explained. "Cameco had a memorandum to basically investigate whether it makes sense to invest, and chose not to." Yet Ferland agreed Canada would be the likely source of the uranium, "The majority of the uranium is mined from Canada or Australia." He admitted, "I do not know exactly where it is going to come from, I'm just guessing, because obviously no use to us all make this point, most of which came from Canada or (ConverDyne, Illinois) Metropolis facility. "
Other eye fell on our article. Julian Steyn, head of the DC-based Energy Resources International and co-author of U.S. Senator Pete Domenici's book, "A Brighter Tomorrow: Fulfilling the promise of nuclear energy," fired us an e-mail he wrote. "It uranium enriched in the LES Lea County plant will be provided by the plant's utility customers, all of whom are expected to be U.S. utilities. It will be the U.S. utilities that enter into supply arrangements strictly on the basis of commercial considerations. "Steyn has noted," Yes, Cameco will undoubtedly be one of the producers, but so will Hydro Resources (a subsidiary of Uranium Resources, Inc.). "Steyn not believe that there is no unusual offers cutting between Cameco and LES.
Other potential producers may also Strathmore Minerals, Energy Metals Corporation and UR Energy. They are aggressively moving forward with their In Situ Recovery operations in New Mexico, Wyoming, and / or Texas. Hydro Resources (HRI) President Craig Bartels told us, "With so much uranium left in northwestern New Mexico, we certainly hope that it helps supply LES." HRI's In Situ Recovery (ISR) have undergone intense regulatory controls, uranium projects for many years. As was found with the LES, projects HRI's have also been found safe for the environment. Bartels wholeheartedly endorsed the LES project, says: "It is not only good for New Mexico, but also for the United States."
COPYRIGHT © 2007 by StockInterview, Inc. All rights reserved.
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