I am in the process of updating my thesis based on what has been disclosed at the AGM . I am using projected figure which are not substantially different from current market prices but these could escalate substantially between now and 2029/30.
Assumptions: Raw Yellow cake u308: US$100 per LB Conversion: US $ 30 per LB. No Allowance for Capex because MG has given us a Figure of $30 per Lb all encompassing. In addition i feel confident that most if not all of the Capex will come from DOE grants under the LEU RFP.
5,000,000 Lb Nuf 6 @ $130 $650,000,000 OPEX all inclusive @ $30 $150,000,000 Net profit $500,000,000
SLX 24% Share of net $120,000,000 SLX royalty 7% of Gross $ 45,500,000
SLX ROI $165,000,000
LEU thesis to follow
SLX Price at posting:
$5.71 Sentiment: Buy Disclosure: Held
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