Why is CMKX a great investment ?

[IQ]

Saskatchewan was once filled with mountain ranges and volcanoes, shallow seas swimming with giant reptiles, dinosaurs stomping across the landscape, subtropical forests and sheets of thick ice. It is a place that was once a vast inland sea.
Mt. Blackstrap, south of Saskatoon, is the most visible and well-known extinct volcano in Saskatchewan. Kimberlites were already discovered in the Fort à la Corne area in 1989. With greater than 70 magnetically defined kimberlite bodies identified, the Fort à la Corne Kimberlite Province ranks as one of the largest in the world. Little did they know just how wrong they were since there are currently hundreds of kimberlites that have been identified over just a small area.
Diamonds are formed at a depths of 150km in the earth's mantle. They are transported to surface by kimberlite. We have hundreds of kimberlites. Most of the diamond exploration in Saskatchewan is taking place between latitudes 53° and 56° which includes: the Fort à la Corne, Pasquia Hills, Molanosa Arch, Candle Lake, Sturgeon Lake, Smoothstone Lake, and Wapawekka Lake areas. Fort a la Corne area hosts one of the largest concentrations of kimberlites in the world.

Ever wondered what diamonds are used for:
a) Their looks - the ability to reflect light (bounce light rays back to the eye), ability to refract or bend light rays and disperse light into the colors of the light spectrum and their ability to "twinkle" when it is moved
b). Industry - Diamond is the most important industrial abrasive; hard enough to cut superhard materials with the precision, speed and economy that industry requires.Many industrial diamonds are synthetically produced, but at high costs. Uses include: lapidary for grinding or polishing gems, optics and glass, drill bits, surgical equipment, saws for cutting resistant materials, shaping very fine wires or to dress turning, boring and milling tools

Did you know that Saskatchewan was once covered by an inland sea which left a huge deposit of potash?
Saskatchewan is the largest producer of Potash and Uranium (10.8 million kg/yr) in the world. In 1939 it was discovered that uranium had the ability to release an incredible amount of energy through the process of nuclear fission. It was not until the use of the atomic bomb in World War II that the interest in Saskatchewan's uranium deposit's increased.
High grade uranium is mined at that locations and because of this, Saskatchewan is currently the largest uranium producing region in the world with an annual productive capacity of approximately 30 million pounds U3O8.
Saskatchewan uranium is sold by the uranium producing companies to electrical generating companies in countries that use nuclear energy to produce electricity. Usually, the contracts are on a long term basis. The uranium market depends a great deal on world demand for nuclear generated electricity. Saskatchewan's uranium resources are sufficient for more than 40 years at current rates of production. Energy is the place to be in current times as well, price of oil and electricity is only going up.



;D ;D ;D

[stevpot99]

thanks for the post

[john winston o lennon jr]

Good reading, thank You

[IQ]

Also in addition:
Uranium is a naturally-occurring element found at low levels in virtually all rock, soil, and water. Uranium has such a very long radioactive half-life, but it is weakly radioactive and contributes to low levels of natural background radiation in the environment. When refined, uranium is a silvery white, weakly radioactive metal. Uranium metal has very high density, 65% more dense than lead. Uranium metal is very dense and heavy. When it is depleted (DU), uranium is used by the military as shielding to protect Army tanks, and also in parts of bullets and missiles. The military also uses enriched uranium to power nuclear propelled Navy ships and submarines, and in nuclear weapons. Fuel used for Naval reactors is typically highly enriched in U-235 (the exact values are classified information). In nuclear weapons uranium is also highly enriched, usually over 90%. The main use of uranium in the civilian sector is to fuel commercial nuclear power plants, where fuel is typically enriched in U-235 to 2-3%. Depleted uranium is used in helicopters and airplanes as counter weights on certain wing parts. Other uses include ceramic glazes where small amounts of natural uranium (that is, not having gone through the enrichment process) may be added for color. Some lighting fixtures utilize uranium, as do some photographic chemicals. Phosphate fertilizers often contain high amounts of natural uranium, because the mineral material from which they are made is typically high in uranium. Also, people who collect rocks and minerals may have specimens of uranium minerals in their collection such as pitchblende, uraninite, autunite, uranophane, or coffinite. Uranium decay by emission of an alpha particle accompanied by weak gamma radiation. If a terrorist group exploded just one nuclear weapon, hundreds of thousands of people could die. Canada has already stockpiled about 100 kilograms of U.S.-origin HEU—enough to make two simple Hiroshima-type bombs or at least four sophisticated bombs. Even after the highly enriched Uranium is irradiated and processed to remove the desired isotope, the waste, which is retained in Canada, is still highly enriched and poses a significant proliferation and terrorism risk. The isotope 238U is also important because it absorbs neutrons to produce a radioactive isotope that subsequently decays to the isotope 239Pu (plutonium), which also is fissile. Uranium was the first element that was found to be fissile, i.e. upon bombardment with slow neutrons, its 235U isotope becomes the very short lived 236U, that immediately divides into two smaller nuclei, liberating energy and more neutrons. If these neutrons are absorbed by other 235U nuclei, a nuclear chain reaction occurs, and if there is nothing to absorb some neutrons and slow the reaction, it is explosive. The first atomic bomb worked with by this principle (nuclear fission). A more accurate name for both this and the hydrogen bomb (nuclear fusion) would be "nuclear weapon", because only the nuclei participate.

[azesm]

Excellent post, thank you very much, IQ!

Cameco is already there (JV with Kensington&De Beers).
We can do that, too, in the future.
But diamonds will come first... and ....
THEY ARE FOREVER!

;D