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Marin Katusa Biography

The $2 billion Manhattan Project that produced the atomic bomb triggered a worldwide surge in nuclear research, most of it funded by governments involved in the Cold War - marin katusa bio. And here we come to it: Thorium reactors do not produce plutonium, which is what you need to make a nuke. How paradoxical.

In the post-Cold War world, is there any expect thorium? Maybe, but don't run to your broker right now. The typical nuclear-fuel cycle begins with improved uranium ore, which is mainly U238 however contains 3% to 5% U235. Many naturally occurring uranium is U238, but this typical isotope does not go through fission which is the process where the nucleus divides and releases tremendous quantities of energy.

As such, to make reactor fuel we have to expend substantial energy enhancing yellowcake, to increase its proportion of U235 - franko nevada ceo interview bloomberg marin katusa. As soon as in the reactor, U235 begins splitting and launching high-energy neutrons. The U238 does not simply sit idly by, however; it transmutes into other fissile components. When an atom of U238 takes in a neutron, it transmutes into short-lived U239, which quickly decomposes into neptunium-239 and then into plutonium-239, that charming, weaponizable byproduct.

This waste fuel is highly radioactive and the perpetrators these high-mass isotopes have half-lives of many countless years. As such, the waste has to be housed for as much as 10,000 years, cloistered from the environment and from anyone who might wish to get at the plutonium for nefarious reasons.

That's a heck of a lot better than the 3% to 5% of uranium that comes in the form we need. marin katusa equinox gold podcast. Then there's the security side of thorium reactions. Unlike U235, thorium is not fissile. That suggests no matter the number of thorium nuclei you pack together, they will not on their own start splitting apart and exploding.

Then, when you require the response to stop, simply shut off the source of neutrons and the entire process closes down, basic as pie. Here's how it works. When Th232 soaks up a neutron it becomes Th233, which is unsteady and decays into protactinium-233 and then into U233. lior gantz doug casey rick rule marin katusa. That's the exact same uranium isotope we utilize in reactors now as a nuclear fuel, the one that is fissile all on its own.

The uranium is then fed into another reactor all on its own, to generate energy. The U233 does its thing, splitting apart and launching high-energy neutrons. But there isn't a pile of U238 sitting by. Keep in mind, with uranium reactors it's the U238, developed into U239 by soaking up some of those high-flying neutrons, that produces all the highly radioactive waste products.

Thorium nuclear waste just stays radioactive for 500 years, instead of 10,000, and there is 1,000 to 10,000 times less of it to begin with. Scientists have actually studied thorium-based fuel cycles for 50 years, but India leads the pack when it comes to commercialization. As house to a quarter of the world's known thorium reserves and especially doing not have in uranium resources, it's no surprise that India pictures meeting 30% of its electrical power need through thorium-based reactors by 2050.

In the next decade, construction will start on 6 more of these quick breeder reactors, which "type" U233 and plutonium from thorium and uranium - marin katusa wife. Style work is also mostly complete for India's very first Advanced Heavy Water Reactor (AHWR), which will include a reactor fueled primarily by thorium that has gone through a series of tests in full-blown reproduction.

Indian authorities state they are intending to have the plant functional by the end of the years (marin katusa net worth). China is the other country with a firm dedication to establish thorium power. In early 2011, China's Academy of Sciences released a major research and advancement program on Liquid Fluoride Thorium Reactor (LFTR) technology, which makes use of U233 that has actually been reproduced in a liquid thorium salt blanket.

Marin Katusa Holdings

This sort of thorium reactor gets the most attention in the thorium world; China's research study program is in a race with comparable though smaller programs in Japan, Russia, France, and the U. marin katusa website.S. There are at least seven types of reactors that can use thorium as a nuclear fuel, five of which have participated in operation at some time.

So shown styles for thorium-based reactors exist and need however for some support - the boom bust and echo marin katusa. Well, possibly a fair bit of assistance. One of the most significant challenges in developing a thorium reactor is finding a method to fabricate the fuel financially. Making thorium dioxide is costly, in part because its melting point is the highest of all oxides, at 3,300 C.

And while India is certainly working on thorium, not all of its eggs remain in that basket. India has 20 uranium-based nuclear reactors producing 4,385 MW of electrical power already in operation and has another 6 under construction, 17 planned, and 40 proposed. The nation gets props for its interest in thorium as a homegrown energy service, however most of its nuclear cash is still going toward standard uranium.

China has only 15 reactors in operation however has 26 under building, 51 planned, and 120 proposed. Thorium is three times more abundant in nature than uranium. All but a trace of the world's thorium exists as the useful isotope, which means it does not need enrichment. Thorium-based reactors are safer because the reaction can quickly be stopped and because the operation does not have to happen under severe pressures (marin katusa bio).

To top all of it off, thorium would likewise be the ideal service for enabling nations like Iran or North Korea to have nuclear power without fretting whether their nuclear programs are a cover for developing weapons a worry with which we are all too familiar at present - marin katusa gold physical or mines (marin katusa hedge fund). So, should we run out and buy thorium? Sadly, no.

A lot of thorium research and development is performed by national research study groups. There is one publicly traded company working to develop thorium-based fuels, called Lightbridge Corp. Lightbridge has the benefit of being a first mover in the location, however on the flip side the scarcity of rivals is a good sign that it's merely too early.

Unfortunately, the Cold War pressed nuclear research study toward uranium, and the momentum gotten in those years has kept uranium far ahead of its lighter, more controllable, more plentiful brother to date (the colder war marin katusa). History is packed with examples of an inferior innovation vanquishing a superior competitor for market share, whether because of marketing or geopolitics, and as soon as that phase is set it is near difficult for the runner-up to make a comeback - marin katusa net worth.

Thorium reactors aren't rather the Beta VCRs of the nuclear world, however the difficulty they face is pretty comparable: it's damn tough to unseat the ruling champ. Marin has an enviable performance history in the uranium sector, with one present pick up almost 1,600% because he initially suggested it to his subscribers 39 months earlier.

Marin Katusa, an accomplished investment analyst, is the senior editor of,, and L: Today, we turn to one of the more fascinating and colorful characters on our team, Marin Katusa. Marin's bio disregards to discuss that he is also the lead singer of a rock band called Age Flair (marin katusa hedge fund).

So, Marin, what's hot and how do you make money on energy today? Marin: First, you have to recognize that the energy sector is different from the metals and mining you concentrate on, Louis. Throughout the world, the copper you mine is simply copper, and the gold you fine-tune is gold.

Marin Katusa Stocks

It's not just coal there are several types: premium metallurgical coal; semi-hard coking coal; semi-soft coking coal; and even amongst the thermal coals the cheap things you burn to make electricity there are different classifications that produce various amounts of ash, among other variables - marin katusa heart attack. So, even if you have a coal deposit, that does not mean you have a buyer who can utilize your coal.

Somebody may have a power station close by, however it's not designed to burn the particular kind of coal you have And the power station that can use it is too far away to make it financial to deliver the coal there? Marin: Precisely. Copper costs dollars per pound, however coal costs dollars per heap, so if you don't have inexpensive rail nearby, or a user on website, you got nothin'.

You can't just study the commodities, you have to study the markets from leading to bottom, and typically that suggests understanding the regional users and forecasting their probable demand. L: Even oil isn't just something, right? Marin: Right. There's heavy and light, and refineries developed to process one type can not manage the other.

So you actually need to understand the qualities of each kind of each energy product, the logistics of getting these commodities to market, and the different end users' varying requirements. marin katusa. L: A fast aside are you taking a look at thorium plays? There seems to be some buzz on the street nowadays about thorium.

L: Can you give us a sneak preview? Marin: It's even more like what I was saying about the coal markets than uranium. You have to know who your end user is going to be. There was a Bloomberg post just recently that recommended that the Obama administration could change from uranium to thorium. In reality, beginning a few months back, I was on BNN, telling viewers that particular coal companies that were presently quite in favor were overpriced. Now, I do like coal, in the best company with the right market. The U.S. presently gets 50% of its power from coal-fired plants, so companies with deposits that can feed those plants are extremely intriguing.

They were great business, however that P/E implies an expectation of doubled production, or a three-fold boost in earnings, and that would be really challenging to provide in brief order. L: Those are quite high expectations. Marin: The marketplace really likes energy commodities right now (marin katusa uranium ideas). Cash is flowing and wishes to land in stocks of companies that are doing the right things.

And in the last couple of months, they have actually remedied 40%. L: Great call - marin katusa bio. Marin: The program's host knows me, so he knew I wasn't simply looking for things to keep away from. He asked what my leading pick at the time was, and I addressed Cline Mining (T.CMK) however said that I hadn't done my due diligence on the ground yet.

That just goes to show you how bullish the marketplaces truly desire to be right now. marin katusa bio. If there's any sort of good factor to anticipate a stock to do well, it'll remove. So, I've narrowed things down to "finest of breed" within each sector that's all I have an interest in right now - how many shares of uec marin katusa owns.

That's what we're going to be concentrating on over the next two months in, particularly in coal. L: If you were ideal about those specific business correcting, and they dropped 40%, did you earn money shorting them? Marin: Someone else may have, however not us. We do not advise shorting in the newsletter it's for retail financiers, many of whom are not prepared to make short trades, nor to handle the additional threats associated with them.

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