Is this something we want to try and get involved in from an Advisory and Fund Raising perspective? Or do we want to pass and not pursue. Please advise.
Best,
Neil
Sent from my Verizon Wireless BlackBerry
From: Harlan Ullman
[mailto:harlankullman@gmail.com]
Sent: Wednesday, August 10, 2011 9:55 AM
To: Christopher Teas; Tom Harrold
Subject: ACU
Chris---hope the boat rides home are keeping you cool.
Re the used fuel project, we have made exceptional headway. With the
assistance of the Russian ambassador here Sergei Kisliyak, RosAtom (Russia's
DoE and AEC rolled into one) will be here in late September to sign on as part
of the joint venture. With that in place, the chances of getting the
concession from Russia to store fuel is about as close to 100% as anyone can
guarantee.
As I also mentioned, the State Department official in charge
of issuing the approval to move and store US owned fuel (MB-10) told us that if
we had this in place, he could call Taiwan, South Korea and Japan and within
days, they would act to buy storage for the 10,000 tons each. He also
said that $1.5 million/ton was a bargain.
I pass all this on because it is essential that we have
either the first tranche of the $15million or an absolute guarantee that it
will be available once RosAtom signs an agreement in September.
My question is whether or not you can accommodate to this
timetable?
I will be in NY Sept 7/8 for board meetings and can
obviously come up if needed before then.
Please let me know what you think.
Best Harlan
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