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Elliott Gue: If McCain wins ... mine for value in uranium

 Oct 03, 2008 04:00 AM UTC

Graphic_arrow1 Via TheStockAdvisor:  

 "McCain has been a strong supporter of nuclear power and his energy plan calls for building 45 new nuclear power plants in the US by 2030," observes Ellliot Gue.

The editor of The Energy Strategist explains, "Thus, my pick for a McCain victory is uranium miner Paladin Energy (Toronto: PDN)."

"MCain's plan would represent by far the most significant build-out of nuclear plants in more than three decades.He has an ultimate goal of building 100 new US reactors. America's 104 existing plants account for about 20% of electricity generation.

"The US is not the only country in the world considering a major expansion in nuclear power. Russia, China and China have already committed to a major expansion of their nuclear energy capacity. And nuclear is also enjoying a renaissance in other developed markets such as the UK and Italy.

"The main fuel for nuclear plants is uranium.

...




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