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Marin Katusa Hedge Fund

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

In the post-Cold War world, is there any expect thorium? Maybe, however do not go to your broker right now. The normal nuclear-fuel cycle starts with refined uranium ore, which is mostly U238 however contains 3% to 5% U235. A lot of naturally occurring uranium is U238, however this common isotope does not undergo fission which is the procedure whereby the nucleus divides and releases incredible quantities of energy.

As such, to make reactor fuel we have to expend considerable energy improving yellowcake, to boost its percentage of U235 - marin katusa green engergy. Once in the reactor, U235 begins splitting and launching high-energy neutrons. The U238 does not just sit idly by, however; it transmutes into other fissile aspects. When an atom of U238 takes in a neutron, it transmutes into short-term U239, which quickly decays into neptunium-239 and then into plutonium-239, that lovely, weaponizable by-product.

This waste fuel is highly radioactive and the culprits these high-mass isotopes have half-lives of numerous countless years. As such, the waste needs to be housed for as much as 10,000 years, cloistered from the environment and from anybody who might want to get at the plutonium for wicked factors.

That's a heck of a lot much better than the 3% to 5% of uranium that is available in the kind we require. marin katusa oil recovery technology. Then there's the security side of thorium reactions. Unlike U235, thorium is not fissile. That implies no matter the number of thorium nuclei you compact, they will not on their own start splitting apart and blowing up.

Then, when you need the reaction to stop, just turn off the source of neutrons and the entire procedure closes down, basic as pie. Here's how it works. When Th232 absorbs a neutron it becomes Th233, which is unsteady and decays into protactinium-233 and then into U233. marin katusa colder war. That's the exact same uranium isotope we use in reactors now as a nuclear fuel, the one that is fissile all by itself.

The uranium is then fed into another reactor all by itself, to produce energy. The U233 does its thing, splitting apart and releasing high-energy neutrons. But there isn't a pile of U238 sitting by. Remember, with uranium reactors it's the U238, became U239 by soaking up a few of those high-flying neutrons, that produces all the extremely 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. Researchers have studied thorium-based fuel cycles for 50 years, but India leads the pack when it pertains to commercialization. As home to a quarter of the world's recognized thorium reserves and especially doing not have in uranium resources, it's not a surprise that India pictures conference 30% of its electrical power demand through thorium-based reactors by 2050.

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

Indian officials say they are intending to have the plant operational by the end of the years (marin katusa net worth). China is the other nation with a company commitment to establish thorium power. In early 2011, China's Academy of Sciences released a significant research and advancement program on Liquid Fluoride Thorium Reactor (LFTR) innovation, which uses U233 that has actually been bred in a liquid thorium salt blanket.

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This type of thorium reactor gets the most attention in the thorium world; China's research program is in a race with comparable though smaller programs in Japan, Russia, France, and the U. marin katusa track record.S. There are at least seven kinds of reactors that can use thorium as a nuclear fuel, 5 of which have entered into operation at some time.

So proven styles for thorium-based reactors exist and require however for some support - marin katusa wiki. Well, possibly a fair bit of assistance. Among the greatest difficulties in establishing a thorium reactor is discovering a method to make the fuel financially. Making thorium dioxide is expensive, in part due to the fact that its melting point is the greatest 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 energy currently in operation and has another six under building, 17 planned, and 40 proposed. The country gets props for its interest in thorium as a homegrown energy option, however the majority of its nuclear money is still going toward conventional uranium.

China has just 15 reactors in operation however has 26 under construction, 51 planned, and 120 proposed. Thorium is 3 times more abundant in nature than uranium. All but a trace of the world's thorium exists as the useful isotope, which indicates it does not require enrichment. Thorium-based reactors are safer because the reaction can quickly be stopped and because the operation does not need to take place under extreme pressures (marin katusa).

To top it all off, thorium would also be the ideal solution for allowing countries like Iran or North Korea to have nuclear power without worrying whether their nuclear programs are a cover for establishing weapons a worry with which we are all too familiar at present - marin katusa 2011 gold top (marin katusa net worth). So, should we run out and invest in thorium? Unfortunately, no.

The majority of thorium research and advancement is conducted by nationwide research groups. There is one publicly traded company working to develop thorium-based fuels, called Lightbridge Corp. Lightbridge has the advantage of being a first mover in the area, however on the other hand the scarcity of competitors is a great indication that it's simply too early.

Sadly, the Cold War pushed nuclear research toward uranium, and the momentum acquired in those years has kept uranium far ahead of its lighter, more manageable, more plentiful brother to date (forever royalties marin katusa report). History is brimming with examples of an inferior technology beating out a superior competitor for market share, whether due to the fact that of marketing or geopolitics, and once that phase is set it is near impossible for the runner-up to make a resurgence - marin katusa net worth.

Thorium reactors aren't quite the Beta VCRs of the nuclear world, however the difficulty they face is pretty comparable: it's damn hard to unseat the ruling champ. Marin has an excellent track record in the uranium sector, with one current choice up almost 1,600% since he first advised it to his customers 39 months ago.

Marin Katusa, an accomplished investment analyst, is the senior editor of,, and L: Today, we rely on among the more interesting and vibrant characters on our group, Marin Katusa. Marin's bio neglects to point out that he is also the diva of a rock band called Age Flair (marin katusa net worth).

So, Marin, what's hot and how do you generate income on energy today? Marin: First, you need to recognize that the energy sector is various from the metals and mining you concentrate on, Louis. Throughout the world, the copper you mine is just copper, and the gold you improve is gold.

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It's not simply coal there are various types: premium metallurgical coal; semi-hard coking coal; semi-soft coking coal; and even amongst the thermal coals the low-cost things you burn to make electrical energy there are different categories that produce different quantities of ash, among other variables - marin katusa heart attack. So, just because you have a coal deposit, that doesn't imply you have a purchaser who can utilize your coal.

Someone may have a power station close by, but it's not developed to burn the specific sort of coal you have And the power station that can use it is too far away to make it economic to deliver the coal there? Marin: Precisely. Copper costs dollars per pound, however coal expenses dollars per ton, so if you don't have cheap rail close by, or a user on site, you got nothin'.

You can't just study the commodities, you have to study the markets from top to bottom, and typically that means understanding the local users and anticipating their likely need. L: Even oil isn't simply one thing, right? Marin: Right. There's heavy and light, and refineries created to process one type can not manage the other.

So you truly have to understand the qualities of each kind of each energy commodity, the logistics of getting these products to market, and the numerous end users' differing needs. marin katusa hedge fund. L: A fast aside are you taking a look at thorium plays? There seems to be some buzz on the street these days about thorium.

L: Can you offer us a preview? Marin: It's a lot more like what I was stating about the coal markets than uranium. You need to understand 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 fact, starting a few months earlier, I was on BNN, informing viewers that specific coal companies that were currently quite in favor were overpriced. Now, I simulate coal, in the right company with the ideal market. The U.S. currently gets 50% of its power from coal-fired plants, so companies with deposits that can feed those plants are extremely intriguing.

They were good business, but that P/E suggests an expectation of doubled production, or a three-fold increase in earnings, and that would be extremely challenging to provide in brief order. L: Those are pretty high expectations. Marin: The market really likes energy products right now (marin katusa likes kerr mines). Cash is flowing and wishes to land in stocks of business that are doing the right things.

And in the last few months, they have actually remedied 40%. L: Good call - marin katusa wiki. 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 choice at the time was, and I responded to Cline Mining (T.CMK) but said that I had not done my due diligence on the ground yet.

That just goes to reveal you how bullish the markets actually want to be right now. marin katusa wikipedia. If there's any type of excellent reason to expect a stock to do well, it'll take off. So, I've narrowed things down to "best of type" within each sector that's all I'm interested in right now - marin katusa hedge fund.

That's what we're going to be concentrating on over the next 2 months in, especially in coal. L: If you were right about those particular companies correcting, and they dropped 40%, did you make money shorting them? Marin: Somebody else may have, but not us. We do not recommend shorting in the newsletter it's for retail financiers, a number of whom are not prepared to make brief trades, nor to deal with the additional threats associated with them.

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