https://www.world-nuclear-news.org/Articles/Kazatomprom-plans-2025-uranium-production-increaseSilex has been pretty upfront in their disclosures with all in cost of production estimates of around $30/lb for that tails reenrichment to natural grade uf6.
I agree that the u price has taken off above the $70/lb mark, and Nigeria has helped that.
Although supply will increase when the likes of Kazatomprom ramp production back up.
What won't ramp up nearly so easily is uranium enrichment production. The Swu price of over $140/swu is going gangbusters with increasing demand . I believe that may well be where the largest profit for Gle and Silex will be earned and that would be in addition to the tails section.
Tails reenrichment was the best path to commercialisation but the prime objective was always to produce leu as well. Just read over the Silex investor presentations.
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