A saltwater solution washes the uranium off the beads to form a concentrated “rich eluate.” This solution gets pumped up a production well via the header house, where engineers can keep track of the process by measuring pressure, flow, and other variables. The uranium-rich solution passes through a tank full of ion-exchange resin, where the uranium is chemically attracted to the millions of resin beads and sticks to them. The water passes on through. Warm-ISR production header house (left) and Wyoming ISR header house (right). In Texas, where it’s warm, no header house needs to be built. The photo at the left above shows six injector and six producer wells out in the open. That header rack unit costs about US$20,000 total. But the biggest cost advantage is the cost of building the plant itself. In Texas, because the processing facility doesn’t need to be inside a large, winter-proof enclosed plant, the cost savings are in the tens of millions of dollars. In an open facility, companies can even move ion-exchange tanks around the project site or to another one entirely. In short, it’s a lot cheaper to build and run an ISR operation in Texas than it is in Wyoming. There’s also the reclamation phase to consider once an operation shuts down—this process factors into company costs as well. Once again, warm ISR offers a significant cost advantage. I’ve been in two-story header houses in Wyoming with deep concrete foundations. Now, we’re talking very high reclamation costs—I’d speculate even more than the construction. For example, the EPA will want that concrete to be treated as contaminated material. Uranium is not a fool’s investment. By definition, it is a classic contrarian investment, and in the junior resource sector, you are either a contrarian or a victim. As a contrarian, you look like you’re wrong until you are right, and fortune favors the informed. Do you know what the lowest-cost ISR producers in the world are, companies that can operate at uranium prices that would drive other uranium miners into ruin? We do, and we’ve been to their projects. It’s all spelled out in the current issue of the Casey Energy Report. I suggest you give it a risk-free try today. Test my newsletter, and if you don’t like it or don’t make any money, just cancel within 3 months for a full refund. Click here to get started. Additional Links and Reads 2014 Casey NexTen Honoree tells Bloomberg what he thinks about uranium (Bloomberg) On March 24, Amir Adnani, chief executive officer of Uranium Energy Corp. (UEC), which mines and processes the nuclear fuel in Texas, talks about the outlook for the uranium market. He speaks with Angie Lau on Bloomberg TV’s “First Up.”Watch the video here. Russians make a big splash in Iraq (Oil & Gas Journal) It’s the Russian, not the American oil companies that have increased Iraq’s oil production of late. Lukoil has reached 120,000 barrels per day in the West Quarna-2 oil field and plans on taking the whole field to over 1 million barrels per day at peak production, which it believes it will be able to maintain for almost 20 years. Read the article here.