UK Researchers Develop Cheaper Way to Extract Uranium from Seawater

Researchers in the UK have found a much cheaper way to extract Uranium from seawater:

The discovery that inositol phosphate is potentially six times more effective as well as being a cheap waste material means that the process becomes economically viable, especially as the world price of uranium is likely to increase as countries move to expand their nuclear technologies in a bid to produce low-carbon energy.

As an example, if pure inositol phosphate, bought from a commercial supplier is used, the cost of this process is $19.30 per gram of uranium recovered. If a cheaper source of inositol phosphate is used such as calcium phytate, the cost reduces to $0.14 for each gram of recovered uranium.

At 2007 prices, uranium cost $0.34/gram; it is currently $0.14/gram.

So we're talking about matching current international market prices for uranium???
Is this for real?? If so, we're saved!

"Wee dun need no steenkin' N-Deal!"