Uranium is Surging

Uranium share prices are surging in Australia. Get in while the getting is good.
Australia may not be using the stuff yet but the rest of the world is and we have massive reserves and plenty of OS buyers.
China and Arabia just love uranium.

That be right Adrian. Short term profits, before long term common sense. After all, nothing like having a few more nukes pointed our way by various so called rogue nations/dictators, in the not so distant future hey?.

Kon  

Knew I should have bought one of those mines when they were non functional

Share price is cheap at the moment so go out n buy a cupla thousand. Yer grand kids will thank you for it.

https://www.ig.com/au/news-and-trade-ideas/top-10-asx-uranium-stocks-to-watch-in-2021-210915

Sounds about right we'll be needing some for our submarine fleet and non-existent warheads soon.

Australia does not have a nuclear weapons capability. It does have a biological weapons manufacturing ability
Time we got serious folks , the world is leaving us far behind. Our leaders are like the Ostrich burying its head in the ground,  hoping a threat will leave it alone.
  We are going to need more than a few troops and a couple of fighter jets if the going gets rough.

he escalation of tensions between Australia and China amid the AUKUS crisis turned the spotlight on their naval fleets.

The US-Australia-UK defence cooperation pact has rubbed China the wrong way as the Asian power warned the trio of displaying a "Cold War" mentality and threatening peace in the Indo-Pacific region. ....(Talk about the pot calling the kettle black)

Upon the pact, the US and UK agreed to support Australia in developing and expanding nuclear-power submarines, a move Beijing sees as a potential trigger for accelerating  nuclear arms race amongst the global powers.  

''China sees this as a return to the ideologically based politics of the Cold War. And it seems the Chinese government may have a point. The AUKUS suggest that a guaranteed US and UK presence in the area, aided by Australia’s proximity, will lead to “security”.'’ Sarah Lieberman, Senior Lecturer at Canterbury Christ Church University commented.

Australian fleet

Ranked 19th among the 140 most powerful armies in the world, Australia placed 47th in terms of naval power.

The Australian fleet has 48 naval units which include six mine warfares, 3 destroyers and 13 patrol vessels. It has no corvettes on its fleet.

The fleet has half as many submarines as China. It does not currently have any nuclear subs.  

With this number, Australia barely covers only 6 percent of China's fleet. But, the AUKUS agreement will likely contribute to the country significantly as the US and UK will focus on finding an adequate way to deliver at least eight nuclear-powered submarines for Australia.

According to Ali Wyne, analyst at Eurasia Group, the military balance of power will be more contested with AUKUS considering geopolitical dynamics.

These recent developments sparked curiosity over naval power dynamics between China and Australia.

Chinese fleet

Having the world's third strongest army, China tops in naval power with over 777 fleet strength.

It has approximately 350 ships including 130 major surface combatants, a 2020 Pentagon report indicated.

It also comprises 50 destroyers, 72 corvettes, 123 patrol vessels and 36 mine warfare.

The country’s submarine capacity is 79, granting China the first place in the world. The navy has developed 12 nuclear subs over the past decade and a half, according to the US Defence Department report.  

The Jin-class nuclear subs are capable of launching ballistic missiles and are considered as ''China's first credible, sea-based nuclear deterrent.”

the largest bomb currently in service in the U.S. nuclear arsenal is the B83, with a maximum yield of 1.2 megatons......Like that is a toy !! What the hell use is a nuclear bomb that small.

Now lets see, Hmmm? a few, 100 megatoners would be ok but 1.2 will just give the enemy the irrits.

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Don't encourage war and destruction, no-one wins!
Build nuclear powerhouses and that will be enough to light up the world without the pollution, death and suffering.

Nightjar wrote:Don't encourage war and destruction, no-one wins!
Build nuclear powerhouses and that will be enough to light up the world without the pollution, death and suffering.

True but if nobody invests in it then it will stay in the ground or be taken up by other countries and Australia will miss out on the profits and the jobs and the clean energy and stuff like that there.
If coal is left in the ground then it is a wasted resource; If climate change happens and it will for many years to come then we will survive any way and the coal will keep us all warm and or cool depending on how e use it.