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Investments can fail and it is possible that the whole sector has been over-hyped, the Nasdaq Biotech index is up 55 per cent in the past year against a 20 per cent rise for the wider US stock market.
It was a big theme investment (Mellon refers to these big ideas as money fountains); one where the pair rightly predicted that the move from fossil fuels to renewable energy would not work without a nuclear component.
Of course new nuclear meant a requirement for uranium, which was in short supply in 2005 when Ura Min was set up.
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