silex worth aud 63.86 per share

assume cashflows will continue into perpetuity,

assume GE are earning $5billion USD per annum from nuclear enrichment using silex technology from 2015,

further assume a dicount rate of 8% and a growth in the nuclear enrichment revenue received by GE of 3% per annum,

assume also that SLX receives a 12% p.a royalty stream from GE starting 2015.

This gives a 2015 value in billions of USD of (5*.12)/0.05= $12billion USD, discount for 7 years at 8% to get todays value = $12/1.08^7= approx $7billion USD for SLX's cut.

Convert to AUD at AUD=.8USD = $8.75billion

Now divide this by approx 137m shares on issue ...and the answer is a Net Present Value of AUD $63.86 per share

that is why they are being bought like hotcakes