Updated Slides

Beamer/In_Situ_Presentation.nav

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Beamer/In_Situ_Presentation.snm

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+\beamer@slide {EQPROFITALL}{28}

Beamer/In_Situ_Presentation.tex

@@ -124,4 +124,96 @@
 	\end{itemize}
 		\end{enumerate}
 \end{frame}
+%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%
+\begin{frame}
+	\frametitle{Comparing Restoration Benefits and Costs}
+	\only<1>{
+		Areas with high TDS (in red) have a \emph{low cost} of restoration.
+		Most Wyoming uranium resources are in clean aquifers raising costs.
+	\includegraphics[width=\textwidth]{Images/TDS_Wyoming.jpeg}\footnote{\tiny Data used comes from  \citep{eia2020a,wyomingstategeologicalsurvey2024}. TDS is interpolated with regional smoothing.}
+}
+\only<2>{
+	Uranium resources are typically in rural parts of the State. 
+	Low land prices in these areas suggest mining is the highest values use.
+	\centering
+	\includegraphics[width=0.6\textwidth]{Images/Price_Histogram.png}\footnote{\tiny Data used comes from  \citep{eia2020a,wyomingstategeologicalsurvey2024}. TDS is interpolated with regional smoothing.}
+}
+\only<3-4>{
+\textbf{Results}
+
+\onslide<3>{Operating plans of five mines were reviewed. 
+	\begin{itemize}
+		\item{Adds \$4.3 dollar's per pound produced.}
+			\begin{itemize}
+				\item{Cost vary by geology. \$1.6-\$10.84 per pound}
+			\end{itemize}
+		\item{Average of \$15 million per project}
+		\item{A discount of 10\% was assumed which reduces industry estimates of cost}
+\end{itemize}}
+\onslide<4>{
+	Wyoming land values over a uranium resource.
+	\begin{itemize}
+		\item{Weighted average weighted price of \$239 per acre}
+		\item{Average mine lease area of 13,750 acres}
+		\item{Total expected value of land of \$3.29 million dollars}
+	\end{itemize}
+}
+
+}
+\only<5>{Average restoration costs are \emph{4.5 times larger} than the value of land for a typical in situ mine.
+\newline
+
+Even under the strongest assumptions it is not plausible that the restoration costs are efficient. 
+\newline
+
+Hedonic models predict land value changes between 0.3\% and 15\% of total value\footnote{\tiny\citep{guignet2015,mukherjee2014}}.
+}
+\only<6>{
+	Other factors suggest the actual cost is nearly zero.
+	\begin{itemize}
+		\item{Most mines are on ranches, not farms or urban areas}
+		\item{High groundwater quality provides alternative sources}
+		\item{Water is restored naturally over time}
+		\item{Home filtration may be more cost effective}
+	\end{itemize}
+
+}
+\end{frame}
+
+\begin{frame}
+\frametitle{Mining Model }
+\only<1>{
+	\tiny
+\begin{equation}
+	\label{EQPROFITALL}
+	\pi=\sum_{t=0}^{T}\left[\left( P_{ur} \cdot \left(W_{t}^{\alpha}-W_{t-1}^{\alpha}\right)-\left(C_{Drill}+C_{Res}\right)\cdot\left(W_{t}-W_{t-1}\right)\right)\frac{1}{(1+r)^t}\right]-C_{Facility}
+	\end{equation}
+Subject to: \(\beta\cdot C_{Facility}\ge W_{t}^{\alpha}-W_{t-1}^{\alpha}\), and \(\gamma_{Drill}\ge W_{t}^{\alpha}-W_{t-1}^{\alpha}\)
+\newline
+\normalsize
+Where \(P_{ur}\) is the price of uranium, \(W_{t}\) is the total number of wells drilled in a aquifer at time \emph{t}, \(\alpha\) is a constant between zero and one representing the decline in ore grade across the reservoir, \(C_{Drill}\) is the cost to drill a well, \(C_{Res}\) is the cost to restore the water affected by a well, \emph{r} is the yearly discount rate of the firm, \(C_{Facility}\) is the investment cost in the uranium processing facility, \(\beta\) is a factor that converts the dollars spent to construct a uranium processing facility to output capacity, and \(\gamma_{Drill}\) is the maximum available drilling capacity in the region. 
+}
+\only<2>{
+\begin{equation}
+	\label{EQPROFIT}
+	\pi_{w}=\int_{t=0}^{T}\left[ \left(P_{ur}\cdot q_{i}\cdot e^{-Dt}-C_{op}\right)e^{-rt}\right] \,dt-C_{Drill}-C_{Res}\cdot e^{-rT} \
+\end{equation}
+Where \emph{D} is the decline rate of the well, and r is the instantaneous private discount rate. Since the terminal time \emph{T} is a choice variable the optimal time to operate the well can be found with:
+}
+\only<3>{
+\begin{equation}
+	\label{EQINFWELL}
+	T^{\star}=\frac{\ln(P_{ur})+\ln(q_{i})-\ln(C_{op}-r C_{Res})}{D}
+\end{equation}
+\begin{equation}
+	\label{TIMEDIFF}
+	\Delta T^{\star}=\frac{\ln(C_{op}-r C_{Res})-\ln(C_{op})}{D}
+\end{equation}
+}
+
+
+\end{frame}
+
+
+
 \end{document}

Beamer/Supporting/Beamer.bib

@@ -7915,6 +7915,21 @@
   pagetotal = {105}
 }
 
+@report{gebben2024a,
+  title = {Wyoming’s {{Nuclear Supply Chain Opportunities}} and {{Challenges}}: {{COMPONENT MANUFACTURING}}},
+  shorttitle = {{{COMPONENT MANUFACTURING}}},
+  author = {Gebben, Alexander and Peck, Michael},
+  editor = {Brighton Fornstrom, Kara},
+  editortype = {redactor},
+  namea = {Sayandeep, Paul},
+  nameatype = {collaborator},
+  date = {2024-05},
+  number = {\#2},
+  institution = {{The Center for Energy Regulation and Policy Analysis}},
+  location = {University of Wyoming},
+  url = {https://uwy-my.sharepoint.com/:b:/g/personal/skaufma3_uwyo_edu/EVjf6gpPCP1HoWnMc61ELD0BN982HVtZnIe9alLAXdb2rQ?e=f9p9Tb}
+}
+
 @online{geisler2020,
   title = {{{TerraPower}} Announces Plan to Invest in Domestic Advanced Nuclear Fuel Production to Ensure {{U}}.{{S}}.-Based Fuel Supply for Advanced Reactors},
   author = {Geisler, Lindsey},
@@ -8768,6 +8783,20 @@
   keywords = {Groundwater flow,Hydrology,Rio Grande Watershed (Colo.-Mexico and Tex.)}
 }
 
+@book{heathgateresources1998,
+  title = {Beverley {{Uranium Mine}}: {{Environmental Impact Statement}} : {{Main Report}}},
+  shorttitle = {Beverley {{Uranium Mine}}},
+  author = {{Heathgate Resources}},
+  date = {1998},
+  eprint = {pm0zPQAACAAJ},
+  eprinttype = {googlebooks},
+  publisher = {Heathgate Resources},
+  isbn = {978-0-646-35715-7},
+  langid = {english},
+  pagetotal = {250},
+  keywords = {Technology & Engineering / Mining}
+}
+
 @article{heberling2024,
   title = {Hedonic Property Values and Water Quality: {{A}} Meta-Analysis of Commodity, Market, and Methodological Choices},
   shorttitle = {Hedonic Property Values and Water Quality},
@@ -17875,7 +17904,7 @@ INIS Reference Number: 27014297}
 @online{usepa2015,
   type = {Overviews and Factsheets},
   title = {Class {{III Injection Wells}} for {{Solution Mining}}},
-  author = {family=US EPA, given=OW, given-i=OW},
+  author = {{US EPA}},
   date = {2015-03-31T10:32:26-04:00},
   url = {https://www.epa.gov/uic/class-iii-injection-wells-solution-mining},
   urldate = {2024-03-12},
@@ -17886,7 +17915,7 @@ INIS Reference Number: 27014297}
 @online{usepa2015a,
   type = {Other Policies and Guidance},
   title = {Aquifer {{Exemptions}} in the {{Underground Injection Control Program}}},
-  author = {family=US EPA, given=OW, given-i=OW},
+  author = {{US EPA}},
   date = {2015-04-30T15:46:39-04:00},
   url = {https://www.epa.gov/uic/aquifer-exemptions-underground-injection-control-program},
   urldate = {2024-03-12},
@@ -17897,7 +17926,6 @@ INIS Reference Number: 27014297}
 @online{usepa2015b,
   type = {Overviews and Factsheets},
   title = {Class {{III Injection Wells}} for {{Solution Mining}}},
-  author = {family=US EPA, given=OW, given-i=OW},
   date = {2015-03-31T10:32:26-04:00},
   url = {https://www.epa.gov/uic/class-iii-injection-wells-solution-mining},
   urldate = {2023-09-28},
@@ -17908,7 +17936,7 @@ INIS Reference Number: 27014297}
 @online{usepa2015c,
   type = {Overviews and Factsheets},
   title = {Class {{IV Shallow Hazardous}} and {{Radioactive Injection Wells}}},
-  author = {family=US EPA, given=OW, given-i=OW},
+  author = {{US EPA}},
   date = {2015-04-01T15:05:30-04:00},
   url = {https://www.epa.gov/uic/class-iv-shallow-hazardous-and-radioactive-injection-wells},
   urldate = {2023-09-28},
@@ -18364,6 +18392,14 @@ INIS Reference Number: 27014297}
 }
 
 @misc{wichers2024a,
+  author = {Gebben, Alexander},
+  namea = {Wichers, Donna},
+  nameatype = {collaborator},
+  date = {2024-06-13},
+  langid = {english}
+}
+
+@misc{wichers2024b,
   title = {Personal {{Interview}} with {{Vice}} President of {{Wyoming}} Operations of {{Uranium Energy Corp}}.},
   author = {Wichers, Donna},
   date = {2024-06-13},
@@ -18915,6 +18951,15 @@ INIS Reference Number: 27014297}
   file = {/home/alex/Zotero/storage/6RREL42G/gis.html}
 }
 
+@dataset{wyomingstategeologicalsurvey2024,
+  title = {Groundwater {{Atlas}} of {{Wyoming}}},
+  author = {{Wyoming State Geological Survey}},
+  date = {2024},
+  url = {https://portal.wsgs.wyo.gov/arcgis/apps/webappviewer/index.html?id=181c32a872a346bfae3579a62230a65a},
+  urldate = {2024-06-27},
+  file = {/home/alex/Zotero/storage/RMBMPZLZ/index.html}
+}
+
 @misc{wyomingtaxpayersassociation2020,
   title = {Wyoming {{Tax Summary}} \& {{How Wyoming Compares}}},
   author = {{Wyoming Taxpayers Association}},
@@ -19888,3 +19933,20 @@ INIS Reference Number: 27014297}
   langid = {english},
   file = {/home/alex/Zotero/storage/TMXBL2K3/0376835032000149270.html}
 }
+
+@online{zotero-8151,
+  title = {{{OneDrive}}},
+  url = {https://uwy-my.sharepoint.com/personal/skaufma3_uwyo_edu/_layouts/15/onedrive.aspx?id=%2Fpersonal%2Fskaufma3%5Fuwyo%5Fedu%2FDocuments%2FWebsite%20PDFs%2Fnuclearcomponent24%2Dpaper%2Epdf&parent=%2Fpersonal%2Fskaufma3%5Fuwyo%5Fedu%2FDocuments%2FWebsite%20PDFs&ga=1},
+  urldate = {2024-06-27},
+  file = {/home/alex/Zotero/storage/KB7KSHWY/onedrive.html}
+}
+
+@report{zotero-8154,
+  title = {Beverley {{Uranium Mine}} : Environmental Impact Statement : Main Report / {{Heathgate Resources Pty}}. {{Ltd}}.},
+  shorttitle = {Beverley {{Uranium Mine}}},
+  url = {https://collection.sl.nsw.gov.au/record/74VM4gqL7DPX},
+  urldate = {2024-06-27},
+  abstract = {1 v. (various pagings) ; col. ill., col. maps ; 30 cm.},
+  langid = {english},
+  file = {/home/alex/Zotero/storage/IIY7PTKK/74VM4gqL7DPX.html}
+}