Ann: Equity Raise Presentation, page-25

Of course if you compare SLX with PDN you have to recognize that SLX has 51% of GLE (not 100%) but that PDN only has 75% ownership of Langer Heinrich (their mine in Nambia - the 25% is with China) and that the hazards of geology in a mine and pollution from an open pit are (IMO) much higher than UF₆ tails in a DoE inventory next to your processing plant (in Paducah, KY). In addition are sovereign risk issues, transport, conversion costs and pobability of GLE receiving government largess. As you say their is also the "cream" of ZS-Si, medical isotopes and HALEU/LEU+ for SLX whilst PDN only has exploratory ore bodes outside of Langer Heinrich

I guess it all comes down to investors not understanding "new technology" rather than the established technology of a an open pit mine restart. From my perspective i would much prefer Cameco a my partner rather than China National Nuclear Corporation.