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Thorium Man

  1. Some people get hit by lightning and suddenly talk in ancient languages. Some suddenly can compose great music. I dived awkwardly into a swimming pool and got so much water in my ear half of my head is paralyzed. I can't hear the cheers of the fans anymore. Somehow with no sleep in two days I have awoken as a man obsessed with Thorium.

    This is how it happened A gentleman came to view my mother's house for sale and he is the CEO of a tiny company called Thorium Power, he was talking about his company and what Thorium could potentially do and I caught whiff of it I guess- suddenly I'm at the computer at 3:00 in the morning with the stuffed head and the lack of senses... and the wine... and the sudden urge to just accumulate a tone of this guys company started to come over me.

    I need a Mort Zuckermen play I've been whining to anyone who will listen I need massive amounts of something that will be huge... We've cycled through Wind, Batteries, Solar... what next? More Nukes obviously is the way to go >but the waste! the terrible waste, no one wants it in their backyard... well Thorium can treat that waste and make into face cream!.. Well not face cream but make it far better as you will find out.

    This is now the official record of my maddening decent into the shadowy world of Thorium. Strap your seatbelts on folks this bumpy ride will take us from US to Russia to the back offices of Washington's elite to India and France and to the darkest regions of long term investing. ~ stoney
     
  2. incase anyone was wondering wtf is thorium and wtf is it for

    As an alloying element in magnesium, imparting high strength and creep resistance at elevated temperatures.
    Thorium is used to coat tungsten wire used in electronic equipment, improving the electron emission of heated cathodes.
    Thorium has been used in gas tungsten arc welding electrodes and heat-resistant ceramics.
    Uranium-thorium age dating has been used to date hominid fossils.
    As a fertile material for producing nuclear fuel. In particular, the proposed energy amplifier reactor design would employ thorium. Since thorium is more abundant than uranium, some nuclear reactor designs incorporate thorium in their fuel cycle.
    Thorium is a very effective radiation shield, although it has not been used for this purpose as much as lead or depleted uranium.
    Thorium may be used in nuclear reactors instead of uranium as fuel. This produces less transuranic waste.
    Applications of thorium dioxide (ThO2):

    Mantles in portable gas lights. These mantles glow with a dazzling light (unrelated to radioactivity) when heated in a gas flame.
    Used to control the grain size of tungsten used for electric lamps.
    Used for high-temperature laboratory crucibles.
    Added to glass, it helps create glasses of a high refractive index and with low dispersion. Consequently, they find application in high-quality lenses for cameras and scientific instruments.
    Has been used as a catalyst:
    In the conversion of ammonia to nitric acid.
    In petroleum cracking.
    In producing sulfuric acid.
    Thorium dioxide is the active ingredient of Thorotrast, which was used as part of X-ray diagnostics. This use has been abandoned due to the carcinogenic nature of Thorotrast.
     
  3. Might make a good movie script with leonardo De Caprio.
     
  4. >"Burning" uranium-238 produces a fissile isotope (plutonium-239) that "burns" inefficiently in a thermal (slowed-down) neutron spectrum and does not produce enough neutrons to sustain the consumption of uranium-238.
    >"Burning" thorium-232 produces a fissile isotope (uranium-233) that burns efficiently in a thermal neutron spectrum and produces
    enough neutrons to sustain the consumption of thorium. Therefore, thorium is a preferable fuel, if used in a neutronically efficient reactor.

    We must build thousands of thorium reactors to displace coal, oil, natural gas, and uranium as energy sources. .


    How much thorium would it take to power the whole world?

    >thorium, if efficiently utilized in a liquid-fluoride reactor, is an energy source of such magnitude that it is not difficult to conceive of an entire planet powered by thorium.

    >In 2003, it was estimated that the world produced 16.5 trillion kilowatt-hours of electricity. It's probably a lot more now thanks to China...If this had all been produced by liquid-fluoride thorium reactors, this would have required 1500 metric tones of thorium.
    >Future energy projections foresee electrical production reaching 21.4 trillion kilowatt-hours by 2015. To bring the entire world's population up to the level of the average American's electrical consumption would require 80 trillion kilowatt-hours.

    Is 1500 metric tones a lot? Well, consider that until recently, the United States had 3216 metric tones of thorium nitrate in storage. Recently, this thorium was deemed worthless by the government and buried at the Nevada Test Site!! (more on this later- it could be dug up for free)>Thorium is a very dense material, and 1500 metric tones of thorium metal would only occupy 130 cubic meters of volume, or about the volume of a room 23 ft on a side and 9 feet high! Yikes talk about a box to drop on Wylie Coyote- that's a heavy load.


    How does this compare to conventional (solid-core uranium) nuclear? In 2002, the world's nuclear reactors produced 2.56 trillion kilowatt-hours of electricity and consumed 67,000 metric tones of uranium to do it. That is equivalent to only 0.038 billion kilowatt-hours per metric tone of uranium.

    Why such a disparity between thorium at 11 TWH/MT and uranium at 0.038 TWH/MT? Because today's nuclear only utilizes the small (0.7%) amount of uranium that is fissile (U-235), and only ends up using about half of that. Light-water reactors burning scarce U-235 and converting it to electricity at 33% efficiency are just less efficient than liquid-fluoride thorium reactors at 50% efficiency.

    It is worth considering for a moment that the thorium required to fuel the entire world's electrical needs would fit in a reasonably sized room, and the thorium required would only be about 2% of the mass of uranium mined today.

    Short The Uranium miners!

    To be continued....
     
  5. Enter the guy I want to buy my mom's house.

    How would you like to invest with a company with 2 employees? Sounds like low overhead to me let's investigate further.

    There is a problem with old nuclear warheads in Russia they are decaying and someone something has to make them less dangerous to the world's ecosystem and keep them out of the hands of bad guys. Some want to bury them at the earth's core in glass box's etc. A French firm, Areva (investment idea*) is in the lead with "MOX" a challenging system to Thorium.

    Our 2 man firm has spent TEN years in small labs in Russia doing tests and is awaiting FINAL funding by someone- the Russian's The American's anyone. Their take on the problem is not to BURY the problem THEIR TECHNOLOGY CAN TURN THOSE OLD WARHEADS INTO electricity! This is the holy grail of decommissioning warheads folks and our gov is very interested too.

    The Final Test would be to burn weapons grade plutonium in a commercial Russian reactor... If successful the Russians could begin burning all this toxic headache up in as short as three years.

    I think this is a good opportunity to formally introduce our company- Thorium Power (THPW).
    This is a licensing story folks they won't be doing the heavy lifting they have done the research and own the patents. firms chosen multiple firms competitive bidding none of this matters if it plays out royalties from everyone to Thorium Power. This alone will be tens of million of dollars.

    Of course I'm thinking about the LARGER market of hey we need new reactors can they be Thorium based? I think so. Today hundreds of millions are spent just on storing the highly toxic plutonium waste... We can turn their waste into MORE FUEL it's like COWBOY COFFEE folks! Put her through the filter again.

    Ok in 1992 Thorium Power then private started to develop a thorium-plutonium fuel pack for use in Russian reactors. They moved all their R&D over to Russia and still got partial US Gov funding... In 1994 the respected Kurchatov institute in Russia got on board and helped with the working model.

    Today folks I've learned 500 Russian Nuclear Scientists still work on this Thorium project in Kurchatov. The work has been funded by $12 million in VC money and more than $5 mil from the US Gov. Russia has also contributed but calls for a precise figure were met with a weird guy offering me tea. I passed.

    Here's when the damn Mox comes into the picture. MOX stands for Mixed Oxides and was developed by a French GOVERNMENT OWNED firm Areva. Ah the intrigue deepens. Unfortunately in a pre mature decision the Energy Dept Natl Nuclear safety Admin has selected MOX to dispose of plutonium in surplus US warheads and since they have their finger in this funding and Russia's future with these weapons they are loathe to admit their own mistake employed here or have very little incentive to embrace new technologies for the Russian project.

    That's why Thorium Power spends a lot of time with the US senators. Thorium backers on the Hill are Senate Minority Leader harry Reid!!! (D-Nevada carries a big stick) and Rep's Jim Gibbons (R-Nevada again) Guess where that Yucca mountain is located? The spot where they want to bury all the radioactive crap... Hey what get's shipped to Vegas -stays in Vegas! senator John warner is on our team another big fish (R-Virginia) And Rep Curt Weldon a Penn republican who is on the House armed Services committee. Here's the big Sarbanes Oxley quote from our CEO, Mr Grae. " We Have Strong Indications that the project will receive additional Gov funding this year. " Well that was said in March of 06'....

    Lets just realize ONE THING. Our Thorium Fuel pack is so easily modified into the current reactors that a Thorium plant up and running is $100 million and to do it with MOX is $1 BILLION PER PLANT. I don't know how much back $'s was passed around for France to get this contract.. but I'm betting it doesn't get done. Too expensive in light of thorium and that's the reason why those 500 Russian scientists are still pursuing this.

    Oh and commercialization? Three years for Thorium TEN plus for MOX.

    It's David VS Goliath folks our 2 person company vs a multi-billion dollar MOX industry. we've got corporate spys everywhere folks! AND SO ARE THE TERRORISTS.

    We need to get these warheads decommissioned as fast as possible, before some rogue state buys one from some renegade Russian General. The MOX plan is so stupid because Russia won't let any of the weapons out of country. It will take 10 years of testing in Russian reactors.

    I have uncovered a report of last April from Westinghouse Electric. Yes I thought they were long gone too. Apparently it remains a nuclear engineering firm. The Dept Of Energy eager to fortify their MOX decisions employed impartial westinghouse to compare the two rival technologies. Thorium was chosen over MOX!
    " The bottom line is that from a technical standpoint Thorium looks like good technology and from the perspective of burning weapons grade plutonium, it is preferable to all others " Whoops! The report has been buried for now.

    With all we now know... can Thorium Power steal Russia away from MOX and then turn the US this way as well?

    To Be Continued....
     
  6. In Jan of this year a guy from a site called Gold Stock Bull penned something on a Uranium mining company for SeekingAlpha that had this interesting aside...


    Clean Energy Solution
    Another factor fueling the uranium craze is concern over global warming. Unlike energy derived from coal and other carbon-based fuels, nuclear energy production emits no greenhouse gas. However, experts are still grappling with a safe and sustainable method of storing or disposing of nuclear waste. While the current solution is not perfect, there is support even amongst members of Greenpeace, with founder Patrick Moore stating that nuclear power offers a “non-greenhouse gas-emitting power source that can effectively replace fossil fuels and satisfy global demand.”

    One solution offering promise is using Thorium rather than Uranium in nuclear reactors. Thorium, a close cousin of uranium, is cleaner and safer than current nuclear fuel, and more of it can be extracted from the ground. There is far less dangerous waste and the leftover material is not suitable for weapons use. Speaking of Thorium, we have been researching a company that has been partnering with the U.S. and Russian governments on a new technology to use Thorium to generate power. The stock price is still extremely cheap and could be a home run if the technology comes around. Make sure to subscribe to our articles via the email subscription or RSS, as we plan to profile this company in the near future.

    .... And this from a June 07 analyst interview...

    Earlier this year I mentioned thorium. This relatively unknown heavy metal can be used to produce nuclear power in much the same way as uranium with the happy difference that its waste is much less radio-active, making it both easier and safer to dispose of. It is also much more plentiful than uranium and has a half-life of only 500 years rather than tens of thousands.

    In Norway, Bergen Energy has already applied to build a thorium-based power plant. In February, I suggested buying shares in US-listed company Thorium Power, which is testing thorium in Russia and hopes to be using it commercially in the next three to four years. Those willing to take even more of a gamble might also look to the tiny UK-listed All Star Minerals, which has registered to explore for thorium in Sweden.

    Oh baby I found a research report for you on All Star.
    @http://www.allstarminerals.com/pdfs/all-star-broker-report.pdf
     
  7. THPW in 2005 was 25 cents about where it is now. There is no downside that I can imagine things have only gotten better and better. It made a run once to 75 cents . They have 7.7 million in cash and are burning through $2.5 million every 3 months... This is how they came public.

    About Thorium Power, Inc.

    Thorium Power, Inc. was founded in 1992 to develop technology invented by Dr. Alvin Radkowsky, the first chief scientist of the U.S. Naval Reactors program under Admiral H.G. Rickover from 1950-1972 and head of the design team of the first commercial nuclear power plant in Shippingport, Pennsylvania. The Company was formed to develop and deploy nuclear fuel designs developed by Dr. Radkowsky to stop the production of weapons suitable plutonium and eliminate existing plutonium stockpiles. Thorium Power, Inc. has been collaborating with nuclear scientists and engineers at Russia's prestigious Kurchatov Institute since 1994. Thorium Power, Inc., a privately-held Washington, DC area-based company develops and deploys Thorium based nuclear fuel designs developed to stop the production of weapons-suitable plutonium and eliminate existing plutonium stockpiles.

    Website: www.thoriumpower.com

    About Novastar Resources

    Novastar Resources Ltd. is a publicly traded company within the commercial mining sector and is a significant commercial mining source of Thorium, a naturally occurring metal that can be used to provide nuclear energy, with non-proliferation, waste, and economic advantages, in comparison to standard Uranium fuels.

    The acquisition of Thorium Power would strengthen the Novastar Resources business model by combining the intellectual property assets of Thorium Power with the mineral properties of Novastar Resources and the benefits of being a publicly-traded company. In addition, upon closing of the proposed merger, Seth Grae will be named the CEO of the combined company.

    India is the world's largest miner of Thorium by the way. Sterlite Ind might be worth a look India's largest miner SLT.
     
  8. Here is the latest missive from the company.

    Thorium Power Provides Business Update for the Second Quarter of 2007
    Reports on High Level Discussions With Foreign Governments and Global Enterprises for the Deployment of Non-Proliferative, Low-Waste Nuclear Fuel
    MCLEAN, VA, Aug 09, 2007 (MARKET WIRE via COMTEX News Network) -- Thorium Power Ltd. (OTCBB: THPW), the leading developer of low-waste, non-proliferative nuclear fuel technology for existing and future reactors, today provided a business update for the second quarter ended June 30, 2007.

    Seth Grae, CEO of Thorium Power, stated, "We are making strides in bringing our thorium-based fuel designs to the forefront as a viable solution to nuclear proliferation concerns and environmental issues around the world. Specific to Thorium Power, in recent communications we have indicated we are actively engaged in very high level discussions with foreign governments and global commercial entities regarding the utilization of Thorium Power's fuel designs in existing and new reactors that are slated to be built or are in the planning stage. These discussions, confidential as they are, continue to progress diligently. We continue to be both confident and encouraged by the level of interest in our fuel designs."

    In general, interest in thorium-based fuels continues to gain momentum as a number of countries publicly state their interest in the fuel source. Dr. A.P.J. Abdul Kalam, India's ex-president and one of the country's foremost scientists, continues to reiterate his steadfast support for a thorium-based nuclear industry. Furthermore, India's Cabinet recently approved the US-India nuclear cooperation agreement, bringing both countries ever closer to completing the landmark deal. Elsewhere, there have been positive developments in Scandinavia with Sweden and Norway now actively seeking to utilize thorium fuel designs. All of these notable developments are closely aligned with the publication of major research reports (OECD, PricewaterhouseCoopers, BP) marking the global resurgence of nuclear energy and growing interest from "new nuclear" nations such as India.

    Mr. Grae continued, "It is quite important for both investors and industry to recognize the significant uniqueness of our fuel designs. Most importantly, Thorium Power's proprietary technology is proliferation resistant. Quite simply, Thorium Power's fuel designs do not produce weapons-usable materials in spent fuel. Additionally, our fuels significantly reduce nuclear waste, yielding approximately fifty percent reduction by volume, seventy percent reduction by weight, and ninety percent reduction in long-term radio-toxicity."

    "Changing the status quo is not an easy task, but we took on the challenge in 1991 when Dr. Alvin Radkowsky, a co-founder of Thorium Power and a pioneer designer of nuclear fuels and reactors, approached us to transform his latest fuel designs into a commercially viable solution to nuclear proliferation and the increasing burdens of nuclear waste. We have since moved beyond the science phase, and our fuels have been undergoing a demonstration process in a research reactor and test facilities in Russia for over three years. We have built a very strong patent portfolio and look forward to filing additional patents that we expect to provide patent protection for an additional 20 years from the date of filing."

    Mr. Grae concluded, "Overall, we are extremely encouraged by the outlook for the business heading into the second half of 2007 with a diverse portfolio of market opportunities and a marked increase in interest for thorium-based nuclear fuels around the world. In the months ahead, we will pursue these opportunities with the help of our technical and international advisory boards, both of which are comprised of key industry leaders, including former executives of both Westinghouse and GE Nuclear that have successfully and profitably deployed nuclear fuels and nuclear reactors around the world."

    Total revenue for the three months ended June 30, 2007 was $0, compared to $0 for the same period in 2006. Operating loss for the three months ended June 30, 2007 was $2.5 million, compared to operating loss of $26,000 for the same period last year. Net loss for the three months ended June 30, 2007 was $2.5 million, or $0.01 per share, compared to net loss of $581,000 or $0.01 per share, for the same period in 2006. As of June 30, 2007, the company had approximately $7.7 million of cash and cash equivalents and $7.2 million of working capital.
     
  9. Blood Thorium?
     
  10. Based on the novel "The Picture of Thorium Grae."
     
  11. Are you supposed to be smoking the stuff?

    Might wanna check that label buddy....i think you may have overdone yourself.
     
  12. Well back to Russia folks and look at what they just put together-
    AtomEnergoProm established, board named
    10 July 2007


    [Rosatom, 7 July; Associated Press, 10 July] Russian prime minister Mikhail Fradkov signed an order on 7 July establishing the charter of the country's new state-owned nuclear power company, AtomEnergoProm (AEP). President Vladimir Putin signed a decree on 27 April ordering the company's formation. AEP will amalgamate the country's most significant nuclear enterprises: AtomEnergoMash; AtomStroyExport; Rosenergoatom; Technabsexport (Tenex); and TVEL. According to the decree, AEP and its affiliates will be responsible for a wide array of nuclear industry activities, including research and development, uranium mining, nuclear power plant construction and radioactive waste management. In addition, Fradkov approved the membership of AEP's board of directors. Sergei Kiriyenko, head of Russia's Federal Atomic Energy Agency (Rosatom) has been appointed as chair, while his deputy, Vladimir Travin, has been appointed as a director. In addition, the deputy head of the government staff Igor Borovkov, as well as Rosatom deputy directors Tatiana Elfimova and Ivan Kamenskikh, have also been appointed as directors of AEP. AEP will be one of the biggest nuclear companies in the world, on the scale of France's giant Areva. However, AEP will have the distinction of encompassing the full nuclear fuel cycle, nuclear design and construction and engineering, and the key business of power generation itself.

    These guys would be in a position to advance funds to THPW.
     
  13. Ok it's come to my attention that this has been moved to Chit Chat I am insulted.
    Not that I don't love to chat but this is about the markets for nuclear power, thorium and needs better placement. Let's bring in the ambassador.

    Thorium Power, a nuclear R&D outfit based in McLean, VA, has appointed former US ambassador Thomas Graham, Jr. as executive chairman of its board of directors. He will take up his post in August.

    Graham is an expert on nuclear nonproliferation having been involved in most of the major US negotiations to stop the spread of weapons of mass destruction. The treaties include NPT, SALT, START, and CTBT. He served for 15 years as the general counsel for the US Arms Control and Disarmament Agency.

    Seth Grae, CEO of Thorium Power, stated in a press release, "We are pleased that Tom, who has served as Thorium Power's Non-Executive Chairman of the Board of Directors since April 2006, has been appointed Executive Chairman of the Board of Directors to reflect his added responsibilities and full-time involvement in the Company. As our discussions with governments of other countries and leading companies in the nuclear power industry continue to evolve, Ambassador Graham's contribution as a knowledgeable and experienced expert in nuclear negotiations has been exemplary. We look forward to his continued support and guidance."

    Thorium Power plans to license its technologies to commercial and government owned reactor operators; and, nuclear fuel fabricators who want to benefit from thorium-based fuels. The Company is targeting new reactors in countries without a nuclear industry, as well as currently operating and new reactors in countries with an established nuclear energy industry including Russia.

    Russian partners are the key

    The Company maintains long-standing relationships with leading Russian nuclear entities, providing experts and facilities for its nuclear fuel development activities. The company announced a plan in 2006 to turn aging Russian nuclear warheads into thorium-based fuel that will run in exist reactors.

    In April 2007 Thorium Power Ltd and Red Star (Krasnaya Zvezda), a Russian government-owned entity announced agreement on a contract with Thorium Power. It's seed and blanket fuel designs will undergo irradiation testing. The goal is deployment within full-sized commercial reactors. The contract is under the supervision of the Russian Federal Agency for Atomic Energy (RosAtom). Testing at the Kurchatov Institute, Russia's leading research and development institution in the field of nuclear energy, will take place starting in summer 2007.

    RosAtom is no lightweight R&D outfit. It is the Soviet Union's vertically integrated nuclear power complex organized by President Vladimir Putin in February 2007. It integrates all stages of nuclear energy generation: uranium extraction and enrichment, fuel production, and generation, as well as all related industries, including nuclear and non-nuclear machine-building, science, engineering, and construction. This makes Thorium Power's alliance with RosAtom a big deal.

    Vladimir S. Vasilkovsky, General Director of Red Star, and also an official with RosAtom, stated in a joint press release, "This new contract includes a technical scope of work that includes a continuation of the testing program in a live research reactor. The later phases will lead to commercial deployment of thorium-based fuel, bringing many benefits to the world's nuclear power plants, including less waste and enhanced proliferation resistance, facilitating the expansion of the use of nuclear power to generate clean energy."

    Evgeny Strakhov, Deputy Director of Department of Red Star, also noted, "The additional work that will be performed is a necessary step towards demonstrating Thorium Power's fuel designs in a commercial reactor. Ultimately, our collaboration will lead to wide-scale use of Thorium Power's technology in the nuclear power industry."

    So there you have it. The top nuclear agency in Russia wants thorium fuel for its reactors.

    As we know Things are not going so well back in the states. NNSA has other ideas like MOX fuel. This all
    raises the question of whether NNSA is objecting to the Thorium technology or the competition from RosAtom?

    Opposition to Yucca Mountain may play in the mix
    Reid is so completely up in arms about Yucca Mountain that he explores every possible avenue to prevent it from opening and that includes technical solutions.
    Thorium Power Seth Grae thinks this kind of congressional sponsorship will bring federal money to the thorium power R&D effort despite NNSA's objections.

    Penny stocks are not a magnet for deep pocket investors

    The financial problem for Thorium Power are that it has no products and no income despite being traded as an over the counter stock. (THPW.OB) With a stock price of less than a dollar, its ability to attract large, risk-adverse investors is limited.
    The future of the company has to emerge from its current penny stock status if it is going to be successful. Only two of the company's executives actually receive salaries. The rest hold stock which trades briskly at prices well under $1.00 and in volumes of from 250,000 to over 2,000,000 shares daily. In 2007 the company says it plans to strengthen its management team with a full time CFO and position itself to license intellectual property that will result from its R&D efforts with its Russian partners

    Thorium Power obviously has something going for it else it would not have attracted Ambassador Graham to its board. Thorium is an abundant element. Time will tell whether the company or anyone else can profit from it.

    Well we have come to the end of our tale and we have to now make the big choice Do We Buy?? From what I have uncovered in this exhaustive research for you all, The Russian angle which is strong, the summer 07 testing results, the Ambassador brought on to the board, Harry Reid pushing through funding... is this tiny Thorium Power the one. The one that's going to make us all rich.

    Please provide your input on how many shares I should accumulate> I eventually see $1.50 in THPW's future it may take 3 years but I would like to retire on this one trade if possible. ~ stoney
     
  14. Nice read, thanks!

    More on Thorium...

    3. The energy contained in one kilogram of thorium equals that of four thousand tons of coal.

    4. The energy stored in the earth's thorium reserves is thought to be greater than that available from all other conventional (fossil) and nuclear fuels combined.

    5. Thorium is cheaper and more abundant than uranium (approx three times more abundant in the Earth's crust than all forms of uranium combined).

    10. Global reserves of thorium (India, Australia, Norway and the U.S. possess the largest reserves) could cover the world’s energy needs for thousands of years.
     
  15. Glad you found THPW, i have been invested in this company for almost a year now at an average price of .30/ share.

    I'm convinced this may be the last stock standing and an opportunity of a lifetime. My target is, at the least, a 2-3 billion dollar market cap over the next few years. This is not only a great money making opportunity, but an opportunity to be involved in something that could be the worlds clean energy solution

    Once they sign a contract, move to the NASDAQ and the get publicity they deserve this will take off like a nuclear explosion.
     
  16. Oh my God there is somebody else! Welcome to Elite Trader Psperos!!
     
  17. Thanks, i've been a member here for a long time, i just never post. I had to post when i saw somone write about THPW. I was shocked to see someone talk about it on this board!
     
  18. DAY OF RECKONING FOR THORIUM!

    Thorium Power Enters Into $5 Million Consulting and Strategic Advisory Services Agreement With Foreign Government-Owned Entity
    Market Wire - December 03, 2007 9:03 AM ET



    Related Quotes
    Symbol Last Chg
    THPW Trade 0.376 +0.026
    Real time quote.


    Thorium Power, Ltd. (OTCBB: THPW), the leading developer of low-waste, non-proliferative nuclear fuel technology for existing and future reactors, today announced that it has entered into a consulting and strategic advisory services agreement with a foreign government-owned entity to develop a roadmap as the first phase of a feasibility study for a prospective program to deploy civilian nuclear power plants. The roadmap will include recommendations related to timelines, organizational structure and priorities for subsequent phases of the program.

    The terms of the agreement call for an initial payment to Thorium Power of $5 million USD at the start of the first 15-week phase of the feasibility study on November 30, 2007.

    The agreement also provides a framework for a subsequent consulting engagement for the second phase of the feasibility study, which will be mutually agreed to by the Parties. The scope of the services under the agreement have been defined in consultation with appropriate authorities in the U.S. government in compliance with all applicable U.S. export controls. Thorium Power intends to communicate additional details about the client relationship once certain governmental steps are completed in both countries relating to potential additional work.

    Thorium Power was selected after a detailed technical review of the company's fuel designs by independent nuclear experts, as well as an extensive evaluation of the company's experience within the global nuclear industry and its expertise in non-proliferation issues.

    Erik Hallstrom, COO of Thorium Power, stated, "While we have had our non-proliferative fuel designs undergoing tests in a research reactor for the past several years, this agreement marks a milestone for Thorium Power's commercialization efforts. The agreement provides validation for our business model, where consulting and government services are early revenue drivers as well as important elements in the sales process for our broader offering."

    Seth Grae, CEO of Thorium Power, added, "Our client clearly recognizes the broad nuclear expertise and extensive resources offered by Thorium Power. We believe that our consulting and strategic advisory services are similarly attractive to many other countries in our target market. We bring a unique and innovative perspective to the planning process, one that clearly differentiates Thorium Power from other service providers. We firmly believe the future of the nuclear renaissance will depend on viable solutions to significant concerns such as proliferation, waste, and operating economics. This relationship gives Thorium Power the opportunity to demonstrate our core competencies to address nuclear issues at the highest levels. We are excited about the prospect of showcasing our blueprint for safe, clean, and smart non-proliferative nuclear power."

    How Bout that I'm buying more right here I don't care that I'm ruining by CB ~ stoney
     
  19. Update 25 cents to 40n cents now 34 cents...

    World energy consumption is projected to increase 57% from 2004 to 2030 at an average annual rate of 1.8% per year, due to strong GDP growth over the next 25 years that will be higher than the rate recorded over the last 25 years. Energy demand is expected to reach 17.7 billion tonnes of oil equivalent, compared with 11.4 billion tonnes in 2005. Electricity use will double, its share of final energy consumption rising from 17% to 22%.

    Nuclear power provides 6.5% of the world's energy and 17% of the world's electricity, with the US, France, and Japan accounting for 57% of nuclear generated electricity. The US produces the most nuclear energy, with nuclear power providing 20% of the electricity needs. In 2007, the International Atomic Energy Agency reported there are 439 nuclear power reactors in operation in the world, operating in 31 countries. The majority are light water reactors, with the most dominant types being pressurized water reactors (PWRs), boiling water reactors and VVER reactors (a Russian equivalent of PWRs).

    Today the vast majority of commercial nuclear power plants around the world use uranium oxide fuel. Thorium, as well as uranium, can be used as a nuclear fuel. Although not fissile itself, thorium-232 (Th-232) absorbs slow neutrons to produce uranium-233 (U-233), which is fissile. Hence like uranium-238 (U-238), thorium is fertile. In one significant respect U-233 is better than uranium-235 and plutonium-239 because of its higher neutron yield per neutron absorbed.

    Over the last 30 years there has been interest in utilizing thorium (Th) as a nuclear fuel since it is more abundant in the Earth's crust than uranium. Meanwhile, the energy contained in one kilogram of thorium equals that of 4,000 tons of coal. The energy stored in the earth's thorium reserves is thought to be greater than that available from all other conventional (fossil) and nuclear fuels combined. Also, unlike uranium where only 0.7% of isotope is useable in a reactor, all of the mined Th is potentially useable, so some 40 times the amount of energy per unit mass might theoretically be available.

    Thorium Power, Ltd. (OTCBB: THPW) is a nuclear energy pioneer and the developer of thorium-based nuclear fuel designs. THPW seeks to introduce its products for sale into three markets: nuclear fuel designs for use in commercial nuclear power plants; nuclear fuel designs for reactor-grade plutonium disposition; and nuclear fuel designs for weapons-grade plutonium disposition. These fuel designs are optimized for use in existing or future Russian VVER-1000 light water reactors. The Company is also conducting research and development relating to a variant of these nuclear fuel designs for use in existing PWR. The Company`s future customers may include nuclear fuel fabricators and/or nuclear power plants from the US or foreign governments.

    PHPW`s thorium-based nuclear fuel designs have been developed to be compatible with the world's existing and planned PWR without significant change to the reactor. This nuclear fuel has some major benefits, including enhanced proliferation-resistance of spent fuel; stopping the reactor from producing nuclear weapons-usable plutonium; significantly reduced volume, weight and long-term radio-toxicity of spent fuel; improved economics; and increased safety margins.

    Recently, the THPW signed a new agreement with Russia's Kurchatov Institute relating to the irradiation testing program for the Company's fuel designs, which has been ongoing since 2002. The agreement assigns to the Company the worldwide rights, title and interest in, and to the technical data generated from the ampoule irradiation testing of seed and blanket fuel samples in the Kurchatov research reactor over the past two years. This rights to valuable technical data are necessary for regulatory licensing of the Company`s commercial fuel designs.

    Seems like as long a shot as ever but can't argue with doubling your money almost and hardly giving any back.... ~ stoney
     
  20. test
     
  21. cool charts boyb. Love that magnifying glass feature on the scroll- There is an almost identical winding serpent formation a ways back that led to big upside this looks narrowing and good to me.
    ~stoney