For example, an almost unknown mining project in northern Sweden (Myrviken), an vanadium, uranium, molybdenum and nickel deposit, is big enough to fuel all our nukes for 20 years! And this from a country which the IAEA classifies as having "zero" uranium reserves. The uranium ore is not rich enough to mine by itself, but the other minerals make it possibly profitable. There are lots and lots and lots of big low grade deposits like this scattered all over the world.
Total known world recoverable uranium reserves are 5.5 million tonnes. In spite of this, there's 1 million tonnes of the stuff lying around in a single small Swedish mountain (Billingen) which is not included in any data because of the low grade. At what cost is this ore profitable? No one knows. Is it possible to mine it? Yes, it was mined to get uranium to our weapons program.
Oil reserve data is bad, gas reserve data is awful, coal reserve data is horrible and uranium reserve data is nonexistent. The only thing we can say about uranium reserves with any measure of safety is that there's really plenty of the stuff around, and whenever people head out and look for it they find a lot more than is consumed any given year. Peak oil is not an energy crisis. It is a liquid fuel crisis.
So, in just these two areas there's as much uranium as in the official numbers for the entire world. Think about that for a while. On the other hand, the low concentrations and the thin deposits (3 metres) means that most of these deposits would have to be mined in a way which looks a lot like open pit coal mining. Myrviken is an exception, because here the alum shale is not 3 metres thick, it's 200 metres. Myrviken would look very much like and have about the same dimensions as the Aitik copper mine in northern Sweden.
Peak oil is not an energy crisis. It is a liquid fuel crisis.
