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10:37
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Originally posted by LH79:
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The price of Uranium can be independent of the price of Enrichment, but certainly does impact the value of the tails processing component of GLE. Cameco have 30 months to exercise their option from date of TRL-6 demonstration. Whether they pull the trigger quickly or not I think would largely depend on US DOE contracts and financing. They will run the ruler over whether they believe it will be more beneficial for them to have majority ownership earlier than later, and cash flow as well as GLE value over time expectations will factor heavily into that. No one knows right now if they will exercise early or later. there was some conjecture that a large tax refund that they are expecting could form the basis of the payment - but that is just conjecture.
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Not much of a concern in my view. With the Democrats sidelined who would listen?
(20min delay)